What are the financial benefits of solar energy?

When you decide to install a solar energy system on your home, it is important to consider the financial benefits. First, you will save money on your electricity bills and protect yourself against rising electricity rates in the future with the utility since you will be generating your own energy. Second, you may also be eligible for the 30% federal tax credit or other state and local rebates which all go right back in your wallet. This is a huge savings and should be one of the main reasons to go solar this year or next year while the federal tax credit is available.