There’s good news for those who claim there’s nothing new under the sun when it comes to saving on energy bills. Experts say new benefits and current conditions are making solar energy systems a practical reality for a growing number of homeowners.
With rising energy prices and concerns for the environment and about national security, homeowners are looking at solar energy options. A new federal tax credit, plus some state and local incentives, encourages adopting solar systems. The government offers a tax credit for 30 percent of the cost of a solar electric or solar water heating system. There is no cap for business owners; homeowners receive a maximum $2,000 credit for each system installed.
These credits make solar energy systems a feasible solution for hot water heating and electricity production for many building owners. Many homeowners already benefit from solar heating for their pools and spas without government incentives.
“As awareness grows, along with summer air-conditioning bills, we expect thousands more to consider their solar options,” says Brad Collins, executive director of the American Solar Energy Society,...
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