Thinking about going solar? You may be wondering if now is the right time. When you go solar, you want to know your investment won’t soon be obsolete. We get that! With solar technologies evolving every day, you may be asking, if I get solar panels now, won’t there be better technologies later? Like all technology, solar systems will surely continue to evolve, but right now is still a great time to go solar. Here’s why.
Evolving Solar Technologies
If you’ve been Googling solar technology, you’ve probably seen a plethora of stories from a wide array of companies. Everything from articles about powerful new solar panels to more efficient batteries is in the news. It seems like a new innovation comes out all the time. So how can you know that now is the right time to buy?
The truth is that solar panels have never been more efficient than they are right now. Residential panels have a lifespan of 20-25 years (really, a whole quarter of a century!) and come in a wide variety of styles and pricing options. With so many options on the market, it has never been easier for the average household to switch to solar power.
In fact, while individual technologies continue to evolve, the basics of residential solar power remain much the same. Today’s solar panels are still a worthwhile investment for any home.
Getting the Most for Your Money
We all like to get the most bang for our buck on home improvement projects. If you’re looking to stretch a dollar when you’re switching to solar power, 2020 is the right time to buy. Thanks to the Investment Tax Credit, 26% of your costs will be paid if you go solar right now. However, the tax credit is not going to be available for much longer. In fact, for homeowners, next year (2021) the amount you’ll receive will decrease to 22%. 2021 is the last year this credit is available. From 2022 onward, there will be no solar tax credit for homeowners.
The end of the Investment Tax Credit will increase the cost of switching to solar power for individual households. While financing for solar projects will continue to be available, why miss such a substantial credit if you can help it? If you want to make the most of your money and also get the best technologies available, the time to switch is now. To learn more and see a closeup example of the tax credit savings potential, read this.
Here is a cost analysis from one of our recent customers with a current monthly bill of $250.
We were able to put together a solar energy proposal that would offset their power use by 110% annually, give them a tax credit of over $10,000 (which can be spread out over 5 years), and reduce their current monthly bill to under $200 including the financing costs.
If you could start saving 25% or more monthly on your power costs — starting NEXT MONTH — with no out of pocket investment, and your costs would not increase for over 20 years, would that be worth exploring to you?
Don’t wait on minor technology changes! Invest in your future and convert to solar power this year. Want to get started? Contact us and speak to one of our solar power experts today!
