You’ve heard that switching to solar power could save you money. Like, a lot of it. But how? What about the investment costs? Sure, owning a solar energy system requires an upfront investment or a monthly payment, but even so, powering your home with solar energy still saves you money—not only every month but over many years, as well. Here’s how homeowners save money with solar power.
Solar Power Costs Less Per Month
Whether it’s a loan or a lease, your payment on solar power could still save you about 40% or more on your yearly utility bills. Even if you’re using the same amount of power. For example, if you are currently paying about $350 per month with a utility company, our Solar Solution Projection is that you could be paying around $210 per month instead. Along with costing less per month to operate…
Your Costs Don’t Go Up
With solar power, if your loan payment is $100 per month, it stays there. It doesn’t rise over time, like with other utility providers. So when your neighbor without solar is paying hundreds of dollars per month for their electricity in a few years (maybe they already do!), you’ll still only be paying $100 per month. Probably for the same amount of power usage, too. And then…
When You Pay It Off, No More Payments!
The best part? After you’re done paying the system off, you’ll experience energy freedom like never before! You generate your own electricity now. You’ll still be tied into the grid and some months you may have a small balance due on your statement, but other months you should see a credit so that at the end of the year, you’re at net-zero.
Did You Say Tax Credit?
For now, homeowners can receive a tax credit if they go solar. So, you’ll owe less tax money! In 2020, it’s a 26% tax credit. By 2021, it will be reduced to a 22% tax credit. However, after 2022, this tax credit disappears for homeowners (although, business owners will still be eligible for a 10% tax credit). To reap the biggest reward, act quickly and take full advantage of the tax credit.
Ready to save money in utility costs by switching to solar power? Contact us today. One of our solar consultants will meet with you to design a solar energy system to fit your needs and give you a free, no-obligation quote. And you’ll be saving money in no time!