5 Ways to Make Money from DIY Home Solar Panels
DIY home solar panels are great for the environment, but not many people realize how lucrative they can be as well for bringing in an attractive stream of no effort income. And unlike in the past when the only option was paying someone thousands of dollars to have these tools professionally built and installed, now that green energy awareness is all around us, today anyone can build these same tools for next to nothing using everyday cheap materials that you probably have lying around in your basement along with a DIY guide designed to educate people on how to easily build them.
More on that later. For now let's look at 5 ways you can make money from DIY home solar panels.
Utility Costs – This one is obvious, but considering that the average household spends over $200 a month on electricity alone, it's one which should not be overlooked by any means. That's roughly $2500 a year which could be spent elsewhere if you “lived off the grid” and relied on your own DIY home solar panels to power your home with natural energy. Imagine having an extra $2500 in your budget each year for life without having to do anything beyond spending a weekend building some paneling.
Tax Breaks – The government is very benevolent when it comes to those who are self sufficient in the energy category, and this comes in the form of tax breaks. Now with the natural energy focused Obama administration in power we can likely expect further incentives for making the switch to natural energy now and early before it goes mainstream further down the road to where everyone is using it. Why wait for the rest of the crowd when you could be saving now?
Home Value – Arguably all home buyers are looking to save money just as you are when they are out shopping for a home. This is why a home which has its own professional or DIY home solar panels is worth a great deal more than the same home without it. Remember this when it comes time to sell, and remember to ask your realtor about it.
Home Business – I mentioned that professionally build paneling costs several thousand dollars. This is first hand evidence that people are willing to spend and spend top dollar at that for this technology. Using a DIY guide, however, you can sidestep that price tag and make the same fully functioning DIY home solar panels for a small fraction of that, or around $150-$200 on average. Many people go on to build additional paneling for their friends and families, or to sell them through a small side business to make a great deal of extra money.
Abundant Energy – For every bit of natural energy which you produce in a given month but do not use, you can sell this back to the power company for a full profit. Many people build additional DIY home solar panels to exponentially increase their energy output as well as their income from it. Many homeowners and large companies make an attractive second income this way by devoting some extra land or roof space to generating power, and you can too. Imagine having an extra $5000, $10000, or more in your yearly budget. The beauty part is that it's totally up to you as to how much energy you create, and once the paneling is put together, you've got automated income from it for life.