5 Economic Benefits of Solar Power Panels

Reducing the costs of all the services that we consume daily has become the priority of almost all Australia families, with a health and economic crisis happening at the same time, saving and caring for the environment have never been so hand in hand, for that is why today I want to invite you to know the economic benefits of solar power panels at home.

It is not enough for you to know that they exist, we will explain in detail the benefits of installing these systems in your home or business and you will see that at the end of the article you will think: Why haven’t I installed them before?

1. – 99% Savings for Generating your Own Energy

The first of the economic benefits of solar power is the saving of 99% by generating your own energy and is that it is a very versatile technology that you can have in homes or companies.

This is why its use has increased in recent years, as a measure to combat climate change while taking care of the economy of Australia entrepreneurs and families.

Solar power panels in recent years have shown improvements in terms of cost and efficiency. Placing them as a strong competition against conventional energy.

2.- Tax Deduction

Although taxes and ecology may seem distant, it turns out that the SAT loves planet earth as much as you do, that is why it gives you some tax benefits such as the total and immediate deduction for the installation of solar power panels.

In Article 34, section XIII of the Income Tax Law explains that it is possible to deduct from the total cost of the equipment that helps in the generation of renewable energy. This is applicable to all businesses, without limitations due to size or class; all can be part of this tax incentive and deduct taxes.

So if you have a business or know someone who has a business and this last fiscal year they installed equipment for the generation of renewable energy such as solar power panels, this could be their ace up their sleeve for their tax return. A ray of (ecological) light in the middle of the tributary storm!

This initiative will be applicable as long as the machinery and equipment are in operation for a minimum period of 5 years immediately after the fiscal year in which the tax deduction is made. If you fail to comply with the provisions, you must pay retroactively.

3.- Say Goodbye to Overspending

Do you think that solar power panels are expensive? Break the myth, because the photovoltaic energy system pays for itself with what you stop paying on your CFE receipt, which generates a return on investment between the first 3 to 5 years, depending of course on the rate.

If you don’t believe me, believe our clients who have already found a great benefit in the installation of this system, like Samuel who decided with Suncor and saw his electricity bill decrease from an expense of 4,400 to 50 pesos. Do you have any questions?

4.- Goodwill

Who does not like to obtain a good that later is worth more? I believe that everyone that is why one of the best life advices that someone can give you is to install a photovoltaic system in your home.

This is one of the most important economic benefits of solar power panels, as it helps to increase the capital gain of your property, since the panels have guarantees of up to 25 years, but will generate energy for more than 30 years.

5.-Additional Discounts for Installation in CDMX

As if that were not enough, one of the greatest economic benefits of solar power panels in your home or business is that you can be benefited with a discount between 10% and 20% on water and property.

In addition to that you can receive financial aid from the government of Australia city, as part of an energy sustainability strategy to contribute to caring for the environment in the metropolis.

This strategy has the name of “Solar City” which aims to promote the efficient use of energy and renewable sources, in the facilities of public and private buildings in Australia. There are no pretexts!

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