California is an ideal location for harnessing the natural energy of the sun. This has been known for decades, although the cost of installing solar power systems has often steered people away from the idea in the past. As the cost of conventional energy rises considerably and the cost of purchasing and installing Bakersfield solar power reduces significantly, a growing number of Californians are finding that alternative energy is more affordable than ever.
The cost of installing Bakersfield solar power is also reduced by federal and state incentive programs that are working towards a clean energy future. When homeowners begin to research these cost-saving options, solar panel installation becomes much more appealing. The federal solar tax credit will pay for a remarkable 30% of your solar equipment and installation expenses. Another way to save is to see if you qualify for the California Solar Initiative (CSI), which offers cash back for solar panel installations.
It is also a good idea to check into solar rebates offered by your utility company for further saving opportunities. On that note, homeowners who produce excess electricity from their Bakersfield solar power installation will find that their utility company will actually begin paying them for this extra source of electricity. Over time, you can begin to make money from your utility company instead of paying them a small fortune every month.
If you still find that you need financial assistance after the rebates and incentives are applied, you will find that there are lease options for Bakersfield solar energy systems. This will reduce the initial cost of the system quite a bit. This option allows you to lease the system with the option to purchase it once the lease is up. Many people find this an excellent way to test out the system on their home in order to discover the many benefits it offers both financially and in providing a clean source of energy.
If you are unable to pay for the solar energy system in full, you will find that the savings you acquire on your utility bill will allow you to make increased payments on the system. Once you have the solar energy system paid off in full, you will begin to reap even greater benefits from a free source of natural energy. At this point, you will begin making money off of your system as the utility companies begin to owe you a positive cash flow.