Is Solar Power Right for You?
Many people think that solar is too expensive, but that is not the case. If you’re paying cash, it is a large investment up front, but it will pay itself off within 5-7 years on average. If you’re not able or don’t want to pay cash, there are many financing options available. If you’re paying an electric bill, typically solar is going to be right for you! With 0 down financing, your monthly payments are typically, less than your monthly electric bill each month. The loan is for 12 years and the solar systems are warranted by the manufacturer for 25 years. There is a 30% Federal Tax Credit available and you would own your solar system. From year 12 to at least year 25, what will you do with the extra money each month when you are not paying for electricity or the solar loan payment for your home?
Here are a few things to consider if you are trying to decide whether a solar electric system is right for you:
Why Do You Want to Go Solar?
The first step is to consider your goals for your home. Why are you considering solar power? Many homeowners are interested in the financial benefits that are available in two forms:
- Solar panels bring renewable energy into your home so that you can enjoy the long-term savings on your utility bills. When your panels provide enough energy for your daily usage, then you don’t need to pay an electricity bill each month.
- The value of your home could be increased with the installation of solar panels. If you decide to sell in the future, then you can list the property with a higher price. Potential buyers will find it attractive that solar panels are already installed and eliminate the electricity bill for the home.
In addition to financial benefits, many people are also motivated to save our planet. The daily decisions of each person adds up to contribute to the pollution problems that we will be dealing with in the future. By making changes to our lifestyles, we can reduce our carbon footprint and protect the environment.
Installation Location for Your Solar Panels
Another factor that needs to be considered is where your solar panels will be installed. The preferred location is on a roof that faces south, but some homeowners don’t have this option because of the design of their home. Don’t worry! One of our experienced team members can come to your home to find a good location for the panels. We are looking for an area that will allow you to maximize sunlight.
The best way to decide if solar panels are right for you is by talking with our team at New Day Solar. We are here to answer your questions and help you evaluate the options for your family. Call us to schedule a free consultation: (855) 444-6329 or for more information, visit us at www.newdaysolar.com.
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