| Going solar is all the rage these days with massive | | | | There is one additional financial trick many people fail |
| financial incentives fueling the fire. Here's a little trick to | | | | to take advantage of when it comes to writing off |
| write off an additional part of your solar system | | | | solar panels and such - financing. Even if you have the |
| purchase. | | | | cash in your hot little hand, you should consider taking a |
| Financing Your Solar Improvements | | | | home equity loans or refinancing your home to pull out |
| Improving your home with a solar panel system is | | | | cash to pay for the system. Why? The mortgage |
| financially advantageous these days. The federal | | | | interest deduction! Improvements to your home are |
| government, most states and even cities throw | | | | deductible if they are incorporated into your mortgage |
| financial breaks at you to promote going solar. With | | | | payment. |
| the federal government, you are going to get a $2,000 | | | | Now, you might be rolling your eyes contemplating |
| tax credit, a figure that is subtracted from the amount | | | | regarding going through the refinancing process. Don't. |
| of tax you owe the IRS at the end of the year. States | | | | Many federal mortgage institutions are required to |
| pursue a variety of plans, but most offer rebates | | | | write financing for people wanting to improve their |
| wherein they actually pay for part of your new | | | | home with solar systems. Even better, most of the |
| system. Cities also offer rebates, often by discounting | | | | loans are written at interest rates well below current |
| your property taxes. | | | | mortgage rates. |
| On top of all of this, you can take advantage of net | | | | If you are considering doing a solar-based |
| metering laws in a majority of states. Net metering | | | | improvement to your home, talk to your lender about |
| simply means you can sell your solar electricity to the | | | | financing options. Take advantage of this strategy and |
| local utility when you aren't using it. Known as being on | | | | you'll be getting a mortgage tax deduction, tax credit, |
| the grid, nothing is more satisfying than watching your | | | | rebate, property tax discount and selling power to the |
| utility meter run BACKWARDS during the day! As you | | | | utility company when you go solar. With so many |
| might imagine, this has a nice impact on your utility bill at | | | | financial incentives, you have to ask yourself whether |
| the end of the month. | | | | you can afford not to go solar. |