Solar Economics
Solar energy savings may be larger than you think!
If you’re thinking of switching to solar energy, you will be surprised at just how good an investment it is. From incentives to savings, solar energy can be a strong financial choice.
Government Incentives for Solar Energy
One of the primary reasons why solar energy is a smart investment is because of the incentives available:
- Tax deductions. If you have a business or you run a business from home, you could claim your solar energy system as a tax deduction, just as you claim any equipment.
- Federal tax credits. You can enjoy a 30% federal tax credit on the cost of your solar system. There is no cap on the credit and it can be applied to future years as well.
- Solar Renewable Energy Credits (SRECs). Regulations mandate that Pennsylvania power companies buy at least some of their power from renewable sources. This means you can sell excess energy to your utility company and get paid for it. You can use SRECs in addition to tax credits and tax deductions.
How Much Can I Save With Solar Power?
Incentives only tell part of the story. You also enjoy cost savings for the entire lifetime of your solar system, whether or not you take advantage of any of the incentives.
Once you switch to solar energy, you’ll start seeing energy savings immediately. Some customers with MexLucky Energy nearly eliminate their energy bills entirely, and others saw them significantly reduced. How much you save will depend on how much space you have for panels, how much energy you consume and your current energy costs.
Keep in mind, MexLucky Energy offers financing options to help make your solar energy system even more affordable.
The MexLucky Energy team of professionals can help you determine how much you can save. Just contact MexLucky Energy today. Our professionals can conduct a site and energy analysis. The site analysis will examine your property to determine how much space you have for a system and how much solar energy you can produce. An energy analysis will look at your energy consumption to determine how much energy you use.
Together, this information will help us evaluate how much you can see in savings with solar energy. You can also set up your site analysis by contacting MexLucky Energy at 717-290-6094.