Over the past 15 years, the cost of putting solar panels on a typical American house has fallen by nearly 70%. Solar electricity is on track to be as cheap or cheaper than average electricity-bill prices in all but three states by 2016—assuming, that is, that the federal government maintains the 30 % solar investment tax credit it currently offers homeowners on installation and equipment costs.
Unfortunately, the federal tax credit for residential solar installations expires in 2016, and it’s anybody’s guess if Congress will renew the credit. Many speculate that congress is unlikely to abandon the program altogether but it is quite possible there are big changes on the horizon. Even if the credit is reduced to 10% Deutsche Bank predicts solar power would still achieve price parity with conventional electricity in some 36 states by 2016.
The good news is in some states many homes are already able to power their homes cheaper with the sun than with local power companies.
If you are on the fence about going solar, click HERE to visit the Database of State Incentives for Renewable and Efficiency and see what local and state incentives your household qualifies for. You can also call one of our solar specialists to find out more about this and leasing options tailored to fit you.
To read the full article on Earth Techling click HERE
