Solar Energy

Setting up solar panels at your home comes with an initial cost, usually between $15,000 and $25,000. But, over time, it can help you save money on your electricity bills. The time it takes to recover the money you spent (payback period) is around 5 to 15 years. As of 2022, there's a government incentive called the Investment Tax Credit (ITC), giving you a 26% discount on the installation costs when you do your taxes. This makes solar energy more affordable for regular homeowners, encouraging the shift to cleaner and cost-effective energy.

Cost	Tax Credit
$15,000 - $25,000	26%

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Wind Energy

Deciding to set up a wind energy system at your home comes with a starting cost, usually ranging from $1 million to $4 million. However, the system can lead to significant savings on your electricity bills in the long run. The time it takes to recover the money you initially spent (payback period) varies but is generally reasonable. Importantly, there's a government incentive called the Production Tax Credit (PTC) as of 2022. This incentive gives you a 30% discount on the installation costs when you file your taxes, making wind energy more budget-friendly for regular homeowners. This helps encourage the use of clean and cost-effective energy options at home.

Cost	Tax Credit
$1 million - $4 million	30%

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Hydropower Energy

Setting up a hydropower energy system at your home involves an initial cost, typically around $0.85 cents per kilowatt-hour. While there's an upfront investment, over time, this system can bring notable savings on your electricity bills. The payback period, or the time it takes to recover your initial investment, can vary. Importantly, there are government incentives, like the Production Tax Credit (PTC) or the Investment Tax Credit (ITC). As of 2022, these incentives provide a 30% discount on the installation costs when you file your taxes. This makes hydropower a more accessible and eco-friendly choice for regular homeowners, supporting the adoption of clean and cost-effective energy solutions.

Cost	Tax Credit
$0.85 cents per kilowatt-hour	30%

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