How Solar Panels Help Save Money
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Save money on electric bills.
How solar panels help save money. Even if your electricity rates aren t as high as california prices going solar can still save you money. Using solar panels instead of relying on a utility company can help you cut your electric bill by up to 50 per month. That means homeowners but not renters can subtract the credit from the federal income taxes they owe in effect reducing the price of their solar purchase by nearly one third. People can also profit from solar energy by having solar panels installed on their own homes or businesses in order to take advantage of net metering to reduce utility bills.
Short term savings are savings you ll see pretty much at the start of having your solar system turned on.
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