What Is Solar Ownership?
The Benefits of Buying and Owning Your Own Solar Energy System
There are two ways to purchase solar panels: leasing them or buying them.
Buying solar panels can come with a higher upfront cost, but one of the most significant benefits is that you actually own your solar panels, which can add quite a bit of value to your home. It might even be able to net you a good return if you choose to sell power back to the grid.
A short list of benefits:
- Partial / Full Energy Independence
- Eligibility For Federal Tax Credits
- Can Be Listed As A Depreciable Asset
- Increases The Market Value of Your Home
Other Solar Panel Ownership Benefits
Energy Independence
Installing a solar energy system means that you could be partially or fully off of the commercial power grid. So if a blackout occurs, or your local power company decides to raise its rates, you and your home or business are unaffected.
Added Home Value
As solar panels become more and more popular for homeowners, the homes that have them fully installed—not leased, but bought for in full—could see an increase in up to $3,000 for each kilowatt of solar panels installed.
Tax Credits
There are incentives that are provided for home and business owners who invest in solar. And if your system ends up generating more energy than your home uses, you can engage in net metering and sell excess power back to the grid.
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ECG Solar™ is Iowa’s Premier Solar Provider™ and has been ever since our founding in 2008. We’re a dedicated and professional team of solar installers who are more than ready to deliver expert solar energy system installation and maintenance services. With state-of-the-art products, like Kohler™ standby generators, Premium Tier 1 solar panels, and battery storage systems from Enphase™, ECG Solar™’s renewable energy services and products are far above and beyond the competition. Call today for a consultation!
