State incentives such as solar renewable energy credits (SRECs) or USDA Rural Energy for America Program (REAP) grants may be available in your area to provide additional funding for your solar energy system project.
Boost Your Property Value
For commercial property owners and investors, a solar (and energy-efficiency) investment will reduce your building’s operating expenses and in-turn raise your net operating income (NOI). Increasing NOI has a direct positive effect of boosting your commercial property value in many cases. Tick Tock Energy can you evaluate these benefits associated with a solar investment.
For homeowners, the Real Estate Appraisal Institute has done studies showing homes with solar typically sell for a higher value. As a rule of thumb, they’ve concluded that a home’s value may often increase by up to twenty times for each one dollar lower in annual operating costs. This is still somewhat subjective as all appraisers are not necessarily trained in solar home appraisals. When it’s time to sell your home, your future buyer may appreciate the lower energy bills and likely willing to pay a higher price for your home.