Many Americans are now getting a better return on investment (or ROI) with their solar systems than their 401Ks. In most situations there is an initial investment with solar energy. However, depending on your financing and current solar rebates and tax credits , your system could be paid off within 5 years. This means all the energy your system produces after it's paid off is essentially free electricity. Keep in mind, solar systems typically last 25+ years. That's potentially 20+ of free electricty from the sun which can will save you thousands in electric bills.
In some financing situations, the amount you pay towards a solar loan may be less than the money you are saving from reduced electric bills. This means you'll have a positive cash flow with your solar system from day one. To get a customized report of your potential solar payback, use our Instant Solar Estimate tool .
A solar system that produces 80% of the electricity you use will reduce your monthly power bill by 80%. And with energy prices constantly on the rise, the solar payback you receive will only increase over time.
Depending on current incentives and financing options, your monthly solar system payment could be less than the money you save on your monthly electric bill! This means you could start seeing a return on your solar system investment (your solar roi) the minute your system is installed.
Solar PV panels increase your property value by $20 for every $1 saved annually in energy bills. So if there's a chance you may sell your home or office building, you will still reap financial benefits by installing a solar system.
Energy prices historically increase an average of 5.5% a year. By installing a solar system now, you can lock in energy rates for the next 25+ years by producing your own free solar energy. (Check out the Solar Pricing section of the website for some example estimates with potential solar ROI information.)
It's common knowledge that it's smart to wait to purchase new technology. New technology is expensive and often has kinks that need to be worked out. Solar technology is not new! Solar has been around for decades, the kinks have been worked out, and prices have stabilized.
Your solar panels are guaranteed to last 25+ years and many solar systems that were installed in the 1950s are still in operation today. This means you will see savings from your solar system for decades, possibly even for the rest of your life.
You have access to several rebates and tax credits from your federal and state government. However, these generous incentives won't last forever. Now is the time to take advantage of these tax credits and rebates by investing in a solar system. Current incentives can save you up to 50% off the cost of your solar system. And what's even better is we help you find and apply for these incentives!
Depending on where you live, you may be able to lease solar panels instead of buy them. This way you can reap all the benefits of less expensive, clean energy without an initial investment! Ask a Leo Sunergy Solar Consultant about leasing options and PPAs and find out if they are available in your area.
To find out the estimated solar payback your family or organization can expect, use our free Instant Solar Estimate tool.
Then contact us today to speak with one of our knowledgeable solar consultants.
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