On average a grid- tied solar array will pay for itself in 11 – 12 years.- Over the life of the system, a solar array will generate enough savings and revenue to provide a 7 – 8% return on invested capital
- Currently there is a 26% Federal tax credit for the installation of solar PV on your home or business.
- According to a study by the National Bureau of Economic Research, homeowners can recover nearly all of the investment costs for their solar array if they later sell their home and move – and that’s on top of the annual energy savings. Compare that to other home improvements and solar is an easy choice.
- The same study by the NBER stated that on average, a solar array increases the value of your home by $22,554
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