Adding a residential solar electric system doesn’t just save on electricity, Long Island Newsday reported October 9. According to a Wells Fargo Bank/Journal of Appraisers study, home equity increases by 20 times the electricity savings.
“This increases the value of a home by 3-4 percent,” Newsday notes. “That would mean an average 5-kw solar system could add up to $9,000 in equity to the home it was installed on.”
Looking at the overall picture, the increased home equity and the federal tax credits could pay for two-thirds of a typical home solar system alone.
And those savings don’t include state incentives, grants and tax credits. Nor do they include hundreds of dollars a year that utilities pay for Solar Renewable Energy Credits (SRECs, which vary from state to state) – nor the electric-bill savings themselves, which Milestone Solar customers tell us run about 50 percent each month.
So why not contact Milestone Solar for a free solar evaluation? You’ve got nothing to lose – and thousands of dollars in home equity and savings to gain.