Solar System Savings

Save Money With a Milestone Solar System

With a Milestone Solar system, you save money while you’re helping to save the environment.

To begin with, you get a federal tax credit of 30% of your solar installation‘s price. What’s more,  you can can either take it as a  federal income tax credit, or as a tax refund, or sell it. (You’ll need to include form 5695 with your Federal Tax return. )

Also, you can take 30% on backup batteries as well, provided you either install them with your solar panels or have them retrofitted up to a year later.

Depending on where you live, state tax credits or outright grants can pay for even more.

You’ll save significantly on electric bills. Most of our customers report that their Milestone Solar systems cut electric bills in half. And the more electric rates rise over the years, the more money they’ll save.

You can earn money by automatically selling Solar Renewable Energy Credits (SRECs) to the electric company. You can bundle every 1,000 kilowatt-hours (kWH) your solar system generates (and that you’ve used) as an SREC and sell it as a valuable commodity, generating actual income. The value varies from state to state, but every penny’s pure profit.

You save on financing the purchase of your system with fixed-rate, HUD-backed financing from a choice of national banks. Then you save on income taxes by being able to deduct the interest payments.

And that’s just over the short run.

Over the long run, a Milestone Solar system increases your home’s resale value – even in a depressed real-estate market. “The increase in appraisal value for a home with solar power is about twenty (20) times the annual reduction in operating costs,” Appraisal Journal reports.

Again, your specific savings will vary according to which state you’re in. Milestone Solar will be happy to calculate your specific savings once we’ve discussed your building, your needs, your energy consumption patterns and your expectations.