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What you haven't heard and what has changed about solar energy.

Posted: by TaoHawaii on Wednesday, November 11, 2015 5:15:28 PM


Dear fellow Cypress Springs homeowners,


I am a Cypress Springs homeowner who stumbled across this information and found it so compelling I couldn’t help but share it with you.  This comes straight from the most authoritative and reputable sources I could find; the IRS, the official Florida Legislature website, and the New York Times.


Electric Solar Systems 1) add instant equity to your home; 2) pay for themselves; and 3) save the planet.


Before the end of 2016 a window of opportunity exists for homeowners to take advantage of potentially huge TAX rebates which can significantly reduce the cost to own solar systems.  Simultaneously, solar systems are evolving to be more efficient and the costs are dropping.


  1. Solar Electric Systems add instant equity to your home.

According to the New York Times:

http://www.nytimes.com/2015/02/22/realestate/solar-panels-and-home-values.html

The study, conducted by the Lawrence Berkeley National Laboratory in California, examined sales data for almost 23,000 homes in eight states from 2002 to 2013. About 4,000 of the homes had solar photovoltaic systems… Researchers found that buyers were willing to pay a premium of $15,000 for a home with the average-size solar photovoltaic system (3.6 kilowatts, or 3,600 watts), compared with a similar home without one. Put another way, that translates to about four additional dollars per watt of solar power.


This is compelling because systems can be purchased for LESS than $4/watt. Don't we all want higher property values?


2) Solar Electric Systems pay for themselves.


Not your grand parents tax rebates.

The IRS pays %30 back to you:

https://www.irs.gov/uac/Newsroom/Get-Credit-for-Making-Your-Home-Energy-Efficient

Residential Energy Efficient Property Credit

  • This tax credit is 30 percent of the cost of alternative energy equipment that you installed on or in your home.

  • Qualified equipment includes solar hot water heaters, solar electric equipment and wind turbines.

  • There is no limit on the amount of credit available for most types of property. If your credit is more than the tax you owe, you can carry forward the unused portion of this credit to next year’s tax return.

  • You must install qualifying equipment in connection with your home located in the United States. It does not have to be your main home.

  • The credit is available through 2016.


My system should pay for itself with power bill savings in less than 10 years based on Duke energy’s current rates (which can and probably will rise). Most systems come with 25 year power production guarantees which are expected to be exceeded.  Of course, after the system pays for itself 15+ years not having a huge power bill will be quite nice.


I used this tool: http://pvwatts.nrel.gov/pvwatts.php


There are LOTS of valuable rebate programs to encourage solar electric adoption in Florida!

  1. http://www.orangecountyfl.net/Portals/0/Library/Environment/docs/OCHEEPprocess.pdf

  2. https://www.progress-energy.com/florida/home/save-energy-money/energy-efficiency-improvements/sunsense/solar-pv.page


3) Save the planet!


I used: http://www3.epa.gov/carbon-footprint-calculator/ to calculate what my energy use is contributing to degrading our children’s ecosystem and according to these estimations, my financially sound investment in clean renewable solar energy equipment will prevent three hundred and sixty four thousand pounds of CO2 from being released into the air over the 25 year minimum the system is expected to be in service.


So please, click the links and google away your spare time.  Whether you want to reduce or eliminate your electric bill, or save the planet.  The %30 IRS rebate will be cut drastically at the end of 2016 so now is the best time to get in and go green!


Please feel free to contact me with any questions.

CypressSpringsCitizen@Gmail.com


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