How Much Money Should You Invest?

Many first time investors think that they should invest all of their savings. This isn’t necessarily true. To determine how much money you should invest, you must first determine how much you actually can afford to invest, and what your financial goals are.  Self Directed IRA!

First, let’s take a look at how much money you can currently afford to invest. Do you have savings that you can use? If so, great! However, you don’t want to cut yourself short when you tie your money up in an investment. What were your savings originally for?

It is important to keep three to six months of living expenses in a readily accessible savings account – don’t invest that money! Don’t invest any money that you may need to lay your hands on in a hurry in the future. Self Directed IRA!

So, begin by determining how much of your savings should remain in your savings account, and how much can be used for investments. Unless you have funds from another source, such as an inheritance that you’ve recently received, this will probably be all that you currently have to invest. 
Next, determine how much you can add to your investments in the future. If you are employed, you will continue to receive an income, and you can plan to use a portion of that income to build your investment portfolio over time. Speak with a qualified financial planner to set up a budget and determine how much of your future income you will be able to invest.  Go Now!

With the help of a financial planner, you can be sure that you are not investing more than you should – or less than you should in order to reach your investment goals. 
For many types of investments, a certain initial investment amount will be required. Hopefully, you’ve done your research, and you have found an investment that will prove to be sound. If this is the case, you probably already know what the required initial investment is.  If the money that you have available for investments does not meet the required initial investment, you may have to look at other investments. Never borrow money to invest, and never use money that you have not set aside for investing!

Solar Energy San Diego Can Help You Cut Your Monthly Energy Bill

Solar Energy San Diego has the right product for you, whether you are looking for residential PV systems or commercial solar panels. The company has been providing excellent customer service for the area for over 25 year. If you’re ready to get started on your solar energy project, give them a call today. Solar energy is a great way to cut your monthly energy bill and save money at the same time.

Solar energy

Solar power is a cost-effective and environmentally friendly way of lowering your electric bills. Solar panels are used to generate electricity and are designed to produce more than the homeowner needs. The excess electricity is sent back to the power company in the form of credits. The power company doesn’t pay you for excess electricity because most solar panels aren’t in use at night. In this way, you end up paying the power company in credits instead of cash.

The current rules allow utilities up to 10% profit from the construction of solar power plants. San Diego still has some way to go before these goals are achieved. The city has the potential to be 80 percent renewable by 2026. The first year of use would be a few percent higher than the current rates, but then they would drop to 11 percent. By 2026, solar power San Diego could provide most of the city’s electricity.

Cost of solar power in San Diego

If you’re looking to install solar panels on your home in San Diego, you’re in luck. There are incentives from the state and local governments for solar power. SDG&E in San Diego is one example. It participates with net-metering which pays you for any solar energy produced. This program offers rebates for solar power installations, unlike most states.

A solar system in San Diego costs $4.09 per watt before incentives. A 6 kilowatt, solar power system would run between $10 and $12,000. The cost for a solar system in San Diego County could drop even further with federal tax credits, which could amount to as much as 26% of its total cost by 2020. But don’t despair! You can still get financing for your solar panels with a loan.

California’s solar energy prices

California’s average cost of a solar power system is $2.34 per Watt. After applying the federal incentive, it averages out to $2.34. Californians living within Sonoma, Napa or Solano counties are paid the lowest per watt while those in the Central Valley receive the highest. Californians use less energy than their neighbor, which reduces total cost per Watt. In many areas, the cost of a watt is half that of the national average.

California’s average cost of residential solar systems ranges between $14460 to $19260. A 6 kW monocrystalline PV system will cost you $16,860 and a 2 kW polycrystalline solar system will cost you $4,880. High-end systems can run as much as $50,000, but include extras such as a critter guard and battery backup. California solar panels make a great investment. They pay for themselves in a matter of years.

Cost of solar energy in Imperial County

Aside from the financial benefits of installing solar panels in your Imperial County home, solar energy is also good for the environment. Solar energy is renewable. It does not produce carbon emissions. This means that you can expect to save significant money over the course of time. A solar consultant can help you determine the best solar energy system to fit your home. This includes its design and cost. A free consultation can also be requested with a consultant to help you evaluate the various options.

In Imperial County, solar energy is becoming increasingly popular and affordable, thanks to the state’s incentive program. If you work for a reputable company, you can also get solar rebates. These incentives can be federal, state or local government incentives. Solar panels installed on your Imperial County property will not only help you save money, but also improve the environment. It is best that you work with a trusted solar panel installer.