Why Financing Your Solar Panels Makes Sense
You may wonder why you would invest in solar panels if you are just going to use the money you save on utilities to pay for the solar loan. However, when you invest in solar panels, you choose a long-term investment in your home and your savings.
The short-term loan is what makes it possible to choose solar energy for your home. Once the loan is paid off, the solar savings are yours to keep.
For example, if you were to finance solar panels after applying for all of the credits and incentive programs offered when choosing solar, you would enter into a 5-10 year loan. Each month, you would experience vast savings in your energy bill, sometimes receiving bonus money from the electric company for saving them so much power.
On top of the savings, you will have a loan payment to make. But once the loan is complete after a few years, you can enjoy the solar panels for another 10-20 years. This is because the solar panels are part of your property once the loan is paid off. And all of the savings that you get from the utility company will be 100% yours.
Other Benefits to Solar
It’s not very often that someone has enough money in savings to pay for solar panels in full. The opportunity to finance your solar panels gives you the opportunity to install solar energy in your home. The benefits that come from using solar energy are more than financial:
- Reducing your carbon footprint
- Help the energy crisis
- Power during blackouts and storms
- Better for the environment
- Security and preparation for the unexpected
Going solar is in high demand, and financing your solar panels is something that everyone can calculate. However, you will still come out on top, even after taking out a solar loan. There is a reason why everyone is getting in line to go solar. The savings are available to you too. If that interests you, give our pro team at New Day Solar a call for a free consultation: (855) 444-6329.
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