FINANCIAL BENEFITS:
- Save On Electricity Costs
Your solar system will reduce your electricity costs. When your system is producing more power than you are using, you may be able to sell that power to the utility company. As you do so, your meter actually spins backwards! It’s a really empowering thing to watch. - Stabilize Your Monthly Expenditures
Have you ever said, “I can’t believe they’re raising our electricity rates?” What if every time they raised electricity rates you effectively got a raise? If you have a solar system on your roof producing a commodity like electricity, that’s exactly the case. Power costs go up; your post costs the same. The sun, to the best of our knowledge, has no plans to charge you.
Solar Increases the Value of Your Home
For every $1 you save in electricity costs annually, your home jumps up $20 in value, according to a study from the Appraisal Institute. In comparison to many other home renovations, solar can often recover more than 100% of the original cost. The best common home renovation is a deck which returned 4% more in resale value than in cost.
Tables from Andrew J. Black’s Why Is A Solar Electric Home Worth More?)
Positive Return On Investment Have you ever asked a car salesman what the “payback period” is for a car? There isn’t one. Solar is one of the few things you can purchase that pays for itself. Studies show solar paying back 2-4 times its cost over 40 years. Payback occurs in 7-15 years which leaves 13-20 years of system life. *We’re not tax pros here, please consult your CPA or tax professional before acting on any of the information
