When you start thinking about going solar it seems like a big decision. After all, you’re converting your entire home to use a completely new form of energy. You’ve heard that solar energy is cheaper than getting electricity the old fashioned way. But just how much money are you going to save by switching to a solar energy system? How long will it take to get a return on your investment?
The Cost of Going Solar
How much you’ll spend on your solar conversion depends on a lot of factors. How big is your home? How old is it? Where will the solar panels be installed on your property? These factors are unique for almost every customer. Once you get an estimate from a solar consultant you’ll be able to calculate your return on investment by just knowing how much your energy bill is today.
Let’s suppose that the cost for converting your home to solar is $20,000. That includes all of the panels and other equipment that will be installed. It also covers labor, licenses, and fees. The cost of your system depends on how many watts you need to operate your household, so if your house is smaller then it might be a little less. That system will start making your money back on day one. Your savings will operate on a “net zero” approach. Some months you’ll make a little extra energy and the power company will give you a credit. And occasionally you’ll use a little more and that credit will reduce. But over the course of twelve months, the goal will be to save $2,400.
Return on Investment
In this case, the $20,000 that you spent on your conversion will pay itself off in just over eight years. Eight years until you are powering your home completely on free energy! In the meantime, you’re spending less money every month so you’re keeping more of it in your pocket!
Don’t let that price tag startle you. At Aurora Energy, we offer many different ways to pay for your system that don’t involve a big investment upfront. You can finance with a loan or you can lease the system. Plus, we also offer a Power Purchase Agreement which will let us install the system and you can buy the energy from us. All of these solutions should make your monthly payment less than what you are paying for electricity today.
But we can’t save you a dime until you take the first step. Set up an appointment with one of our solar consultants right now. They’ll come to your home, design your system, and let you know how much it will cost for you to convert. After that, they’ll go over all of your payment choices.
We’ve helped dozens of families take control of their homes and become energy self-sufficient. If you’d like to see some of those homes and see what they’ve had to say about our service then visit our Facebook page. Call us right now and let us do the same for you!
