What is the Average Yearly Savings of a Solar Power Installation in California?
If you are going to put money into a solar electric system, then it makes sense that you want to know the anticipated savings over time. There are many factors that need to be considered, such as the cost of the solar panels and inverters, the durability of the system, how the equipment is financed, and the amount of energy that is used in your home.
Cost of Solar Equipment vs. Utility Bills
Take a moment to consider the amount of money that you are paying each month for electricity. You are basically on a lifetime payment plan with your utility company. Instead of giving the money away by paying the utility company each month, consider investing in yourself and put that same money into a financing payment for a solar electric system. In many situations, the expense is comparable each month, but you will pay the loan off in 12 years, instead of paying the utility for a lifetime. The main difference is that you are investing your money into equipment that has a 25 year manufacturer warranty, and you are only pay for 12 years, giving you valuable assets after the system is paid in full.
At first, your returns will be minimal since you will be paying a similar amount of money for the financed equipment. The benefits start to add up when you have paid the equipment in full. At this point the payment will go away and you can continue using the free energy system. Or, you have the option to pay cash for the solar system, then you can enjoy the benefits of payment-free clean energy from the beginning.
How Much Energy Do You Need?
The cost of the solar electric system varies depending on the amount of electricity that you and your family use each month. Our team has a proven method that is used to calculate the equipment needs based on the historical energy usage for your family.
After we determine the amount of solar panels and inverters that are needed, then we can help you see the potential savings that are available over time. You can save thousand of dollars over the life of a solar electric system. The financial benefits really add up over time!
If you are looking for solutions to reduce your monthly spending, then now is a great time to talk to the experts at New Day Solar. We have been installing solar electric systems for 30 years and will always give you honest answers to your solar questions. Call us for a no-obligation quote: (855) 444-6329 or visit us online at: www.newdaysoalar.com.