HOW TO DECIDE ON SOLAR

How to Know If Solar Energy Is Right for Your House

Travis Holum, April 20, 2015 (Daily Finance)

“By the end of 2015, solar panels will be on more than a million homes in the U.S. In over a dozen states around the country, you can go solar with $0 down and actually save money on your electric bill -- and more states are coming online regularly…[Here’s how to] know if you'll be a prime candidate for benefiting from solar energy…Solar energy only makes financial sense for your home if solar panels can make electricity for a lower cost than what you pay a utility for electricity. Not only does a sunny climate matter, high electricity costs are essential as well…[T]he next question is whether your home works for solar…[T]he surface area covered by panels needs to be at least 270 square feet…with a [south or west-facing] 35-degree pitch…There are three main ways to pay for solar panels today: cash, loan and lease. Cash is simple enough…All tax or cost benefits then go to the owner]…Loans are beginning to grow in popularity and complexity…The most common financing for solar panels today is the lease [with] a company like SolarCity…” click here for more

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