Articles tagged "finances"

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Taxes illustration
Can you get a tax credit for solar panels?
Homeowners who want to go solar are usually interested in helping the environment, but for many people the top reason for adding solar panels to their house is to save money. Fortunately, everyone in the United States can be eligible for a federal income tax credit, which is currently worth 26% of the total system costs. For example, if you have a solar system with an invoice price of $20,000, the credit can reduce the amount of federal income tax you owe by $5,200.
Photo of a calculator
What is the best way to finance solar panels?
For the fiscally-minded homeowner (and what homeowner doesn’t care about their investment?), adding home solar panels can be a way to add equity to your house, slash electricity costs, and make a great long-term investment. On top of that, you’ll be helping the environment too. Sounds like a no-brainer? Maybe. How much you can actually save with solar panels depends on a few factors. For example, not every roof is equally suited for solar panels.
Sales
Can you negotiate with a solar installer?
People are accustomed to haggling on the price of a car, but you can negotiate the price of other products and services too. Did you know that you can even haggle the price of a mattress? I’ve never done it, but apparently it’s a thing. You can negotiate the price of your home solar installation, too. The general approach is to get quotes from multiple contractors, and then see if the higher priced installers will match or beat the price of your lower cost bids.
Photo of a brick house with solar panels.
Buying a house with solar panels already installed: questions to ask
If you’re thinking of buying a house that already has solar panels installed, there are some questions you’ll need to run through with the buyer before you sign the contract. But first, if you’ve never thought about home solar until you came across them in your real estate search, you probably have some questions. Home solar has become wildly popular, with now more than 2 millions solar installations across the United States.