Switching to solar is one of the smartest financial moves a Montana homeowner, farmer, rancher, or business owner can make.
Beyond energy independence and increased property values, there are powerful incentives available that can significantly lower your upfront costs. And once you get your solar power system up and running, the savings will start piling up right away.
Here’s a breakdown of some of the major savings opportunities available to Montana property owners that invest in a solar power system:
1. Net Metering
Montana’s 1:1 net metering gives solar customers full credit for every kilowatt sent back to grid. This is an immediate benefit available upon installation, and due to most solar power systems generating more power than your property needs, your power bills will drop dramatically.
But the best news? Montana law stipulates that 1:1 net metering is guaranteed for the life of your solar power system. That means that even if the state changes net metering laws in the future, your savings won’t be affected.
2. Local & State Programs
Depending on where you live in Montana, some cities and counties offer special incentives for those who switch to solar energy.
Additionally, a bevy of renewable energy rebates, low-interest financing programs, and grants are available for solar power system owners to take advantage of. If you have questions about what programs you may be eligible for, contact us. We’re happy to help you find the most bang for your buck.
3. USDA REAP Grant
Are you a farmer, rancher, or rural business owner? The U.S. Department of Agriculture’s Rural Energy for America Program can fund renewable energy systems or energy efficiency improvements for eligible applicants located in areas of less than 50,000 people.
Those that are eligible can receive REAP grants from up to 50% of total eligible project costs and/or loans from up to 75% of total eligible project costs. This could mean tens of thousands of dollars in savings if you make the switch to solar.
4. Increased Home Values
As a self-reliant source of energy that comes with built-in savings on power bills, solar power systems are an attractive feature to home buyers should you ever decide to sell your home.
American homes with a solar power system sell for 6.9% more on average than homes without it, while their sale price increases by an average of $25,000. This helps make solar not just a great long-term energy investment, but a great way to see your property value skyrocket.
Ready to explore solar savings? Click here to learn more about solar incentives and schedule your free consultation with YellowBall today.