REAL ESTATE REALITY: THE SOLAR REVOLUTION—INVESTING IN SUNSHINE

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By Maryanne Jackson. Real Estate Broker CNE, CPRES.

March 13, 2019 (San Diego’s East County) -

Dear Maryanne,

My spouse and I will be getting a substantial refund this year from our income taxes.

We both agree that the refund should go into improving our home. We really want to install a solar system. Is this an improvement that would get us a good return on our investment?

Any input would be greatly appreciated.

--Jannine S. Crest, CA.

Dear Jannine,

A solar energy system will pay for itself over time and provide a good return immediately by offering a savings on your monthly electric. A solar system can cost on average between $15,000 to $25,000.00, before tax credits. However, the savings is worth the pay out, over a 20-year period the approximate savings is about $45,000.00. In addition, adding solar energy will increase your home’s value and is an environmentally sound decision.

Payment options to consider:

  • Paying upfront
  • Private loan
  • Lease from solar company
  • Qualify for a loan from the solar company

Hiring the right solar company is critical. Check your BBB site and ask for recommendations.

To submit a confidential question, please submit to Maryanne Jackson, Real Estate Broker #DRE 01784021 at westcoastproperties@yahoo.com or call 858-740-7858.  All questions answered on a first come, first serve basis.

 

Comments

Alternative energy resources

Alternative energy resources are definitely a good investment for the long run. However, homeowners need to plan our their finances carefully because this investment isn't cheap to start with.