Many people don't realize that a solar PV system is the fastest way to boost your home's value, tax free.
When someone want's to improve their home's value they could do several things; build a pool, get a landscaping makeover, or get a fresh coat of paint. However, none of these compare to the savings and boost you would get if you installed solar. Solar PV systems are the only non depreciating addition to your home that also gives you a hefty tax credit.
When you purchase a solar PV system, you are entitled to a 26% Federal Tax Credit (FTC) and any other local incentives you're eligible for. This number can easily reach over 10,000 in incentives depending on the size of your system. After installation, your home's value is increased by the full amount of the system, but you will not have to pay any increase in property taxes because it is not taxable. Your home's value can increase by 40K overnight and you will only be paying around 28K for it. There is a reason why people install solar before selling their homes, they can sell the system in addition to their home, at original cost, and then keep the FTC for themselves. This is a genius way to save/make more money when listing your home.
Did you know that homes with solar PV systems sell between 20-100% faster than homes without solar. This is incredibly significant and could be the difference between selling your home for above asking price, or below. This significance is accentuated in larger homes that will have expensive electrical costs above $500 a month. Solar becomes more financially feasible with the more energy you use.
Austin is one of the most sustainable cities in America and the focus on green energy in our hometown is growing. People who look to move here are excited by the opportunity to have a solar PV system on their home.
Call us or schedule a consultation and we can talk more about what solar can do for your home!
Steele Wasik | Owner
M.S. Advertising - Green Energy Adoption
Clean Choice solar
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