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The Financial Benefits of Installing Solar Panels

Jim Shaw, Atlanta

Atlanta resident Jim Shaw holds a master of business administration in management from Northwestern University’s Kellogg Graduate School of Management and a bachelor of business administration from the University of Oklahoma. An experienced commercial real estate developer and venture capital investor, Jim Shaw of Atlanta focuses his current business efforts on solar and clean energy.

In addition to helping homeowners reduce their carbon footprint, solar energy can offer significant financial benefits. Solar panel installation costs have decreased by more than 73 percent since 2006, and, according to a study by the Department of Energy, solar panels increase the value of a property by an average of $15,000. Solar panels save homeowners between $44 and $187 per month, which means that homeowners can recoup their costs in as little as five years. In addition, homeowners with solar panels often qualify for federal and state solar tax credits, and they also protect themselves from cost increases determined by their electrical utilities.

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