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Solar power is the conversion of sunlight into electricity or heat. This provides energy from the sun, which can reduce or even eliminate your home energy bills. If you are wondering, if solar power is worth it for your home, here are some things you should know.
Lower Your Electric Bill
One of the best benefits of solar power is the potential of lowering or eliminating your monthly electricity bill. Solar energy financing costs less than the electricity you pay monthly and with locked in financing rates you’ll know exactly what to expect to pay each month. This is a very financially savvy decision because not only are you saving money regularly, but you’re also preventing dependence on electric energy that can spike in pricing without any notice.
But getting down to real numbers, the typical savings over a twenty-year period is projected at $20,000 for a small solar electric system and the savings get multiplied with the size of the system.
Lower Your Water Heating Bill
Heating water is on average 25 to 30% of your bill — a significant chunk that can easily disappear by utilizing solar. By installing a solar hot water system in your home you will see it pay for itself in 3 to 10 years. This means you can recapture your investment in a very short amount of time compared to other energy saving methods. After that, your monthly savings will continue to build, saving you thousands year after year.
How Long Do Panels Last?
Nearly all solar electric panel manufacturers guarantee that the panels they make will maintain above 80% efficiency by the end of a 25-year warranty. However, these are conservative estimates because there are reports of systems made in the 1960s still working today. Many studies also estimate that a system built today with modern components can last 50 years or more. With no moving parts and highly durable materials, solar panels are virtually indestructible and very capable of lasting a lifetime.
What Does It Cost to Get Started?
In a world where people say nothing is ever free, solar is now one of those scarce and amazing exceptions. With today’s installation prices, incentives, and financing options, there’s no need to invest any money upfront at all. That’s $0 for solar hot water and/or solar electric. And in the long-term — both types of solar systems literally pay for themselves.
For solar electric specifically, the value of the electricity the system produces is more than the loan payment on the system itself. This is similar to moving out of a rented house, and investing in your own home with a mortgage that’s less than the old rental rate. So by obtaining a solar system you’re the taking money that’s already going out to the utility, and redirecting it into your own solar system (i.e. your own green energy utility).
So is solar power worth if for your home?
With saving and financing options this affordable, now is the perfect time to go solar. Solar is the fastest growing energy technology that has been seen over the last decade because people are seeing how worth it these systems are for your home, family, wallet and the environment. Contact Superior Solar and find out how to get started with solar today!
