The Benefits of Going Solar
Solar Makes Great Financial Sense
The math is actually pretty simple. If your monthly electric bill is more than $100, you could save money every month with a solar electric system. Even if you finance the cost of your system, the loan payment plus your new, lower electric bill will usually be less than your previous statement. This means your savings start immediately, and your system will eventually pay for itself.
Solar Gives You Protection Against Electricity Rate Hikes
Imagine that you had been able to lock in automobile gas prices in 2004. You’d be paying less than $2 a gallon not only today, but also for decades to come. With every gas price increase, you’d be saving even more money. That’s exactly what you’re doing with the cost of electricity when you install a solar electric system.
Because our solar installation is a fixed cost, savings increase as utility rates rise. Essentially, you’re building in a hedge against future rate increases. And rising utility rates are definitely something you can count on, especially considering that they’ve gone up an average of 5% per year for the past 30 years. In 2006, some states saw the highest tier residential rates jump as much as 55% in just one year.
Solar Comes With Big Financial Incentives
Federal tax credits and public utility rebates may help pay for a substantial percentage of your system and installation depending on where you live.
Call us and see how we can help you.