Great Ways to Finance Your Green Energy

Home solar energy is the wave of the future. Some say using solar energy as a financially viable way to power their house is still not possible, but many pioneering homeowners are taking advantage of solar incentives that help with financing their project. The amount you save with a solar installation is similar to the cost of a monthly cable bill. Wouldn't it be nice to live energy independent and use green resources as well? Here are different ways to secure financing so the solar system you choose will be virtually paid for:
1. State Rebates: Many States offer significant rebates. For example, the Arizona Public Service offers residents $1.75 per watt up to 50 % of a project's cost. Typically, homeowners with 3 kilowatt systems receive $5,250 back.
2. Federal Tax Credits: Purchase solar energy to replace your utility bill and recoup up to 30 percent of the cost! Additionally, In Addition, these credits can be added to state incentive programs for even more money in the bank.
3. Renewable Energy Certificates (REC's): States with Renewable Portfolio Standards allow you to buy or sell your excess solar energy
4. Solar Power Purchase Agreements (PPA's): Solar for home use can also be power for the neighborhood. By investing in solar panels and maintaining it on your property, you may be eligible to receive tax savings and other financial benefits. People in California and Oregon are already seeing big checks in the mail.
5. FHA PowerSaver Loans: Want to invest in solar energy but can't afford it? Good news -- the Federal Housing Administration announced that, in 2011, it will be doling out loans up to $25,000 for qualified borrowers with equity in their homes. The loan period can be as high as 20 years and interest rates have not yet been calculated, but they're expected to be good.
To summarize, there are many methods to make your solar project affordable, without going broke or using all your spare cash to fund it. Most people don't realize how easy it is to go green.

If you are planning on purchasing a solar array in the near future, we have many instructional resources available to you as well as a free handbook: "Solar Energy Made Simple" that will provide guidance for you Stop by and visit us at Solar Energy Systems. . You can also find more helpful articles on how to finance your solar project at Financing Solar Energy..