Solar Financing & Tax Benefits for Homeowners in Northern California
When you choose Byers Solar to install a solar panel system on your Northern California home, you’ll quickly start to see big savings on your energy bill. In fact, you’ll start saving money and our planet from the very first day you turn on your solar energy system from Byers Solar. In addition to these cost savings, investing in solar panels comes with additional incentives. You may be eligible for one-time financial incentives, tax credits, and utility rebates for switching to this clean, alternative energy source.
Factors That Contribute to Your Solar Savings
Your potential solar savings are dependent on a number of individual factors. Your savings may vary depending upon a number of factors, including but not limited to the following:
- Equipment used
- System size
- System orientation and shading
- Insulation available
- Applicable utility rates and rate structure
- Eligibility for rebates, incentives, and net-metering or similar programs
Determining exactly how much money you’ll save will also depend on several additional factors, such as your home size and household energy use. At Byers Solar, we understand that all of these factors and considerations can be overwhelming, which is why we’re here to help. You can schedule a meeting with a Byers Solar expert to estimate your home’s solar cost savings potential. We can help you understand your solar financing and tax benefits eligibility to help you determine what to expect from a solar energy investment.
Financing Options for Your Solar Panel System
In addition to considering your overall cost savings and eligibility for credits and rebates, another important consideration is financing your solar panel system. To provide you with the flexibility you need to put solar panels within reach, you can choose between leasing and purchasing solar equipment for your home. You can buy the equipment outright and enjoy the benefits for decades to come. Or, you can own the system and pay for it with a loan. A home equity loan can be used for solar purchases and may be tax-deductible. For many clients, the combination of the loan payment and the reduced power bill is less than their previous electric bill.
If you’d like to learn more about investing in a solar panel system for your California home and would like to discuss your financing options with a Byers Solar expert, contact us today to get started. We will be happy to answer your questions and provide you with the estimates you need.