Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the economic benefits for purchasing a MyGen system?

0
Posted

What are the economic benefits for purchasing a MyGen system?

0

Save on electricity costs – You can cut or virtually eliminate your electric bill. With the excess solar power, you can actually run your electric meter backwards and save! Increase the value of your home – If youre concerned that you wont be in your home long enough to enjoy all the benefits of the solar system or long enough for the system to pay off, you should note that you could gain from increased home value as soon as your system is in. The Appraisal Institute has published articles showing a $10 to $20 increase in home value for every $1 in reduced utility costs. Systems can pay for themselves and provide attractive returns with energy and tax savings. With system financing, upfront costs are minimized or eliminated and, frequently, the monthly loan payments are less than your energy and tax savings. The best part is when the loan is paid and you continue to enjoy free electricity. Significant state rebates and federal tax credits – Take advantage of various state/local incenti

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123