PV Gap

Tonya Said:

Buy home solar now or wait for better tech/cheaper/better tax treatment?

We Answered:

Now would be great. You can get a fed. tax credit of 30% of the total installed system cost. In the mean time electric rates are increasing at an average rate of 5% a year. That means in as little as 15 years we could be paying double what we are paying today. There is no need to zero out your bill, even offsetting 1/2 of your usage will save money in the long run.

I have a system that with my rebates and tax credits should pay for itself in the 6th year. I estimate I will save well over $50K over the life of the panels. It is a much better investment than the stock market right now.