Will a home solar power system increase my property taxes?

No. Even though your property will increase in value, there is legislation that prevents your property taxes from increasing.

How will solar affect my property value?
Solar energy systems is an investment into the property and increases the demand for the property. According to a report by the Appraisers Association of America, homes increased in value 20 times the first year's electricity savings.  The increase in appraisal value is about twenty (20) times the annual reduction in operating costs due to that energy efficiency measure.  That is to say, if a solar system can reduce the electric bill by $1,000 per year, the home is worth about $20,000 more in increased appraisable value.  The rational is that if the $1,000 is not spent on electricity, it is available to be spent on a larger mortgage payment at no net change in the cost of living.  A solar electric system compares very favorably with other home improvements in percentage of cost recovered. Often, a solar system can recover much more than 100% of its cost, and this percentage actually increases over time as electric rates rise.  

Solar electric systems increase the value of homes in several ways:

1.  Can reduce or eliminate the energy operating cost of the home.

2.  Hedge against or eliminate the effect of electric rate inflation.

3.  As a component of the home, in many cases they can provide an attractive vehicle for financial investment.

Affordable and Reliable Energy Source

Solar energy is an enduring natural resource which replenishes itself, there is no need to worry about a diminishing supply (as is the case with fossil fuels); there are no costs involved in its transport and is available any place within the sun’s rays. This unique characteristic of the PV system makes it an affordable and reliable alternative energy source for both homes and businesses.

Decreases Dependence on Foreign Sources of Energy
The United States currently imports 53% of its oil, and studies suggest that by 2010 this number could increase to 75% (up from 34% in 1974). Dependence on outside energy sources can severely impact a country’s economy since fluctuations in price are based on political instabilities, trade disputes, embargoes, and other intrusions.

Helps Conserve Natural Resources (Fossil Fuels)
Fossil fuels are a non-renewable resource, whose supplies have run low and either become too costly or environmentally harmful to manufacture.  BondSolar PV system can help you reduce our reliance on fossil fuels and other depleting resources that are used to generate electricity.

Reduces Pollution
Electricity generation through consumption of fossil fuels has had an adverse effect on the environment. It has introduced dangerous levels of Sulphur Dioxide (SOx), Nitrogen Oxide (NOx) and Carbon Dioxide (CO2) into the atmosphere which has impacted ecosystems such as forests and fisheries.  PV system generates electricity by utilizing sunlight to activate electrons within solar panels.  The system does not produce any substances that are harmful to humans or the environment.

Reduces Waste as a By-Product of Energy Production
The world’s primary source of electricity is coal. The following means of coal production result in a large and dangerous amount of waste:

*Mining: Dust from surface mining, contaminated drainage.
*Cleaning and Drying: Liquid and solid waste, dust, fines.
*Transportation: Spillage, dust and fines.
*Storage: Liquid drainage, dust and fines.
*Power Plant: Liquid and solid waste (liquid and solid ash) and emissions (SOx, NOx, CO2 and other particulates).