Qualified homeowners who've had solar panels installed could be saving up to $14,000 in their first year and could be on their way towards eliminating their next 25 years of electric payments.

The Energy Policy Act gives homeowners relief from their electric bills and could help them eliminate their electric bill and get a 30% tax credit simply by installing solar panels.

The cost for solar has dropped dramatically and makes solar a lifelong money saver against traditional utilities. Homeowners typically see an increase in property value when solar energy is added to their home.