Financing Guide To Your Solar System
Solar is not only the right thing to do for the environment, but it is also a very profitable investment.
Whether you are a residential or a commercial property owner, investing in a solar system will prove to be a high – return investment. In order to maximize your investment, we gathered critical information for you to consider before making the switch.
Financial Benefits of Solar
Solar systems pay for themselves.
Unlike other property fixtures, solar systems allow you to save money. By generating your own electricity, solar saves you thousands of dollars over the years. Once paid back, all the energy generated by your system is free!
6 years is the average payback for a single family home in California. The bigger the system, the quicker the payback.
Commercial solar systems see even shorter pay back periods.
Control your electricity cost.
Utility rates increases are unpredictable and can significantly hit your monthly expenses. By gaining independence from the utility, solar helps you protect yourself from these increases and control your budget.
Throughout the years, the cost of each kWh produced by your system remains steady, unlike kWh used from the utility’s grid which increase each year.
For commercial property owners, pairing your solar system with batteries will help you manage your loads throughout the day and minimize the costs associated to your demand charges.
Solar adds value to your home.
Not only will solar save you thousands on your electricity expenses, but it will also add value to your home. Every kilowatt of solar power installed adds a premium of approximately $3,000 to your home’s market value. Besides, this value increase does not affect your property taxes. The Berkeley Laboratory recently published a
report showing that California homes with solar systems sell twice as fast as a home without solar.
> $15,000 is the average value added to your property
> $55,000 is the average savings made within 25 years