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Solar electric systems are in many cases economically superior to conventional power systems. The operating costs are low because solar electricity needs very little maintenance, very few spare parts, and no fuel. There are no moving parts, so the system has a very long lifetime, and it is virtually maintenance-free.
Solar is a low-risk, high-return investment. No matter what size system you buy, or what percentage of your electric usage you offset, your, payback period will be relatively the same. It is all a matter of how much you can invest to hedge against rising energy costs.
Once your system is "paid back," you have $0 invested in your system, and a percentage of your electricity bill eliminated for decades.
Solar Energy is making big news again and with very good reason. LADWP has reinstated its rebate program and that makes the residents of Los Angeles very happy because along with the 30% Federal Tax Credit a typical residential solar installation can expect to have half of the installation cost covered by these incentives. Solar Energy continues its path as the answer for affordable, renewable energy that has a profound effect on our environment, harnessing the power of the sun for our electrical needs. On the financial side it remains one of the best investments you can do for your home with a short return on investment on which you may increase your value of your home by the full installation cost even though typically you pay half of that cost with the California Rebate and Federal Tax credits and you will not incur any additional property taxes on the equity value of a solar install. Above and beyond the incentives and added home value it is possible to build a solar system that can bring you down to zero electricity bills or offset the bill by your choice and in doing so offsetting the increases the utility companies will impose in a 25 year time frame as the panels are guaranteed for 25 years, a very impressive guarantee with a technology that even if strides are made in improving the efficenticy will not supersede the fact that panels made and installed today will have a output of energy guaranteed to perform for a quarter century, I cannot think of another product with such an astounding production life. The installation is quick and should be done by true professionals with electrician licenses, solar installation licenses and are bonded, insured and have a stellar reputation. Once installed the panels do the job without any moving parts efficiently converting the suns energy into clean energy for our use. Simply stated, Solar energy works, is efficient, affordable, completely green and has a huge beneficial impact on the environment worldwide, securing our place in the future and that of our children's.