Reduce Your Electricity BillOn average, homeowners spend more than $2,400 per year on their electricity bill. As solar panels have a lifetime of 25+ years, that can mean more than $60,000 in savings over the life of the system. And with a $0 money down solar loan, your monthly savings can outweigh the loan payments, meaning you see immediate payback on your investment.
Increase the Value of Your HomeA recent study found that homes with solar systems sold for 3-4% more than homes without solar. In fact, the increase in home value was found to be even greater than the initial cost of the solar system once incentives were factored in. And by owning your system, you won’t face any of the complications that come with a lease when you sell your home. Check out this comparison of various home improvement projects.
Home Improvement project Project cost resale Value added cost recouped
6kW solar pv system
minor kitchen remodel
Lock in Low Electricity RatesOver the past decade, electricity costs have risen by an average of 3% per year. When you buy electricity from the utility company, you are subject to unpredictable and potentially rising costs. By investing in a solar system, you can lock in low electricity prices for the next 25+ years.
Reduce Your Carbon FootprintFossil fuel powerplants produce large amounts of carbon dioxide, a greenhouse gas which contributes to global climate change. In addition, the mining and burning of fossil fuels such as coal and natural gas result in a host of harmful pollutants that lead to detrimental human health effects. Switching to solar energy can go a long way towards reducing your carbon footprint and preventing pollution. Over 25 years, the average solar system offsets the emissions equivalent to:
Burning 100 Tons of coal
Saving 50 Acres of Forest
Taking 1 car driving 10k miles per year off the road