With climate change and environmentally-responsible energies dominating the news, it’s easy for solar panels and home solutions to get swallowed up in the alternative energy debate. But there’s another big reason to look into affordable solar panels for the home: it can save you money and significantly lower your utility bill and your taxes.
South Carolina residents can cut their utility bills substantially and save a lot of money using solar panels. In a study conducted by the NC Clean Energy Technology Center at NC State University, homeowners that invested in solar panel system saved an average of $ 44 to $ 187 per month during the first year that they owned their system. Using solar panels in your home makes your utilities manageable rather than a fixed cost. South Carolina homeowners are cutting their power bills and lessening their carbon footprint thanks to solar panels.
But there’s more. Homeowners in the state of South Carolina can reduce their tax bill as well when solar panels are installed. When buying and installing solar power equipment, you’re granted a tax credit proportional to 25% of the installation and system costs. This tax credit is capped at $3,500 or half of the resident’s tax liability. This amount may be redeemed every taxable year and surplus credit is transferred over to the next year for up to ten years.
If you want to go green and save some green, there is no better solution than investing in high-quality alternative energy systems in Charleston, SC from Baker Renewable Energy. Get started today by calling Baker Renewable Energy’s Charleston office at (877) 664-6961 to schedule a free energy assessment for your home or business.