Tag Archives: Federal Tax Credits
Rebates and Incentives for Solar Panels
VerengoSolar Rebates and Incentives for Solar Panels
Utility prices continue to go up and consumers want to find ways to reduce their monthly expenses. One way homeowners can lower their electricity bills is by installing VerengoSolar panels. Solar panels provide electricity for the whole home and offer a way to greatly reduce or even eliminate the need to buy power from the electric company. Residential solar panels are installed on the home’s roof. They are placed to gather the most sunlight. The sun’s rays are a source of energy.
The energy is collected by the panels and converted to electricity that can be used throughout the home. The solar energy system stores converted electricity for future use. Families then have access to power any time they need it, not just when the sun is shining. The sun is able to provide plenty of energy, even in areas where the sun doesn’t shine every day of the year.
If the system doesn’t have enough stored power available when needed, it will automatically switch to power from the electricity company. Homeowners can save thousands of dollars a year when they install a VerengoSolar energy system. To add to the savings, rebates and other incentives are often available. These come from three main sources including federal tax credits, state government incentives, and utility company rebates.