Include Solar Panels in the New Year Budget
What financial goals are you focusing on in 2022? As you set your household budget, it’s essential to look at costs such as utilities, groceries, and other basic living needs. Unfortunately, many families are finding it harder to balance their monthly budgets because of the rising cost of electricity – causing utility bills to increase year-over-year.
If you are tired of paying high utilities, this year might be the perfect time to invest in solar panels. In fact, this decision is often a no-brainer when homeowners look at the numbers. Even though you will need to put upfront cash into solar installation, long-term financial benefits are undeniable.
How to Decide to Invest in Solar Panels
Before you begin installation on new solar panels, schedule a consultation to talk to our team about the details. We’ll break down the costs and help you see the trust cost of solar panel installation – and how much money you can save in the future.
Not only do you need to pay for the equipment, but there are also built-in labor costs for installation services. In the beginning, the goal is to reach the “break-even” point where your utility savings pays for the upfront costs. Then, the continued use of the solar power system beyond that point gives you free electricity for the household.
Offsetting Your Electric Bill
The actual expected savings depend on the size of your home, how much electricity you are using on average, and the location. The higher your utility bills, the higher likelihood you will benefit from installing a residential solar power system.
Take a look at your utility bill to see how much you are spending monthly on electricity. Also, consider future energy consumption so you can ensure that the new solar panels will be sufficient to offset your electric bill (or even eliminate it completely).
Solar Installation for Residential Homes
When you are considering a solar installation, the best thing you can do is talk to an experienced team about your options. At New Day Solar, we offer personalized consultations to assess your choices, including evaluating your sunlight exposure and electricity usage. For more information, schedule a free consultation: (855) 444-6329.
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