There are numerous reasons to start with renewable energy sources to power up your home, the environment is the first that comes in mind but for most people the reasons are not necessarily out of altruism. The main reason for most people is to lower their electric bill. With a grid tie inverter attached to for example solar power you can see the results immediately.

What You May Not Know

With a home solar power system, you as a homeowner can take advantage of what is called a grid tie inverter in most states in the country. What do you think happens to the electricity your solar system produces that you cannot use? With a grid tie inverter in place, you are essentially selling back your solar produced electricity to the local utility company during those times you do not use it all. Called on the grid tie inverter, your utility electric meter will run back wards during those times that your excess solar produced energy is being sold back.

Another financial incentive to purchasing a home solar power system with a grid tie inverter is the possibility of mortgage interest deductions. If you take out a home equity loan or even refinance your home, you can deduct the interest all in the name of going green and saving the environment, a little at a time. Many mortgage companies are required by the federal government to provide financing to those people who want to improve their residence by installing a home solar power system with or without a grid tie inverter.

Other Financial Incentives

While solar power with a grid tie inverter may put an initial dent in your pocketbook, you should look ahead to your future to anticipate what solar power may do for your home's resale value. In certain states where electricity is at a premium price such as California and New Jersey, a solar power system with a grid tie inverter can add up to $25,000 more to the home's resale value. Therefore, an investment in a solar power system with grid tie inverter like for example the Fronius IG 3000 makes more sense in the long run than the installation of granite kitchen counter-tops.

In addition, Congress is contemplating removing the cap on the tax credits you receive when you get a grid tie inverter. The future is looking good for those people who are investing in solar power. And with a grid tie inverter you can see the benefits immediately.