The last two years have been hard on everyone.
A Pandemic, wars, food shortages, soaring gas prices.. the list goes on and on. In times like these we all could use a mean to which we can save money.
Solar is just one such mean that can earn you real saving in a world that is getting more expensive by the day!
As I mentioned above, we all see just how much harder it is getting just to make ends meet. Statistically this issue will only get worse, not better. In this first of many article I want to talk about one of the main benefits of going solar, which is undeniable that it is an investment that will save you money in the long run! In the United States on average a customer will save $1,500 a year, and over time the savings far out way the cost of the investment. Disclaimer: Factors such as roof size, sun exposure, weather, and amount of daylight hours do influence the exact saving’s amount’s.
But how?
I want to be completely upfront in explaining the saving’s possibilities of solar by first stating that this is a long term investment. As with any investment there is going to be an initial cost, and there is a pay back period in which it will take to see the true return of investment. That being said regardless the amount of time, you will reap serious saving on your in home energy cost!
How this work’s in a nutshell:
When we use electricity we are essentially renting the power from the power company. The price we pay per Kwh (kilowatt-hour) varies from about 13 cents to up to 18 cents. With the average household usage (in Texas) at about 1,176 Kwh (according to paylesspower.com) this comes out to $152.88 a month as a base electric bill. Now with the most common solar systems what happens is you will produce your electricity throughout the day and the surplus is sold back into the power grid which is credited back to you in the night to cover your consumption. I will touch on this more in depth in a later article. So the trade off is no longer are you paying for your electric bill, instead you’ll pay on your solar unit, which will be less monthly than your power bill. The average saving is from $30-$50 dollars a month, if not more! Factor this over 10 + years and you will see your investment returned and the real saving rolling in. We are talking over 25 years saving tens of thousands of dollars. And the doesn’t even scratch the surface of the federal tax credit for renewable energy or SREC’s, which I will also cover in later article.
The big picture
The cost of this investment will pay itself off and put hard earned dollars back into your pockets! The cost of doing nothing is tens of thousand of dollars. The facts speak for themselves. Solar is a wonderful money saving investment.
Stay tuned to learn more of the benefits of going solar, and if you would like to set up an appointment to see if you qualify for solar and these saving, call us today!
