The “upfront” cost of going solar has continued to fall and that means it is becoming more affordable for everyone. In the time between 2014 and 2015 the cost of solar fell by 8% and expectations are it will continue to marginally decline, however the actual Net cost of solar has increased due to a reduction in subsidies. With strong subsidies still in place, this means is that you should think about going solar now as there will never be a better time when they are so affordable. There are many people that have very tight budgets and this is the optimum time to install them. There are others who are saying that they will continue to be cheap, but that is simply not guaranteed.
Why Right Now is the Right Time to Install Solar Panels
There are many things that make people think about and then turn towards or away from installing solar panels. One thing is that you need to know what the return is going to be and what the variable costs will be in the future. What that also means is that although there may be an upfront cost to the installation, the long term energy costs as well as the tax rebates and incentives will ensure that you will see a huge return over the long term.
When you look at the current state of trends, the maximum savings seem to be about $1450 per year, in your first year. But the thing that is very important to realize is that you want to make sure that you have the benefits in your pocket as soon as possible. There are many savings that you can have upfront by making the conversion now rather than waiting down the line to see what the change will be.
What is the Opportunity Cost of Solar Power?
When you make the jump right now to solar you will see a large jump in the savings you see each year as utility prices continue to rise. The increased savings have been reported as high as 28 percent in some areas, depending on where you reside. When looking long-term, utility prices are expected to continue to climb at a rate of about 3-4 percent per year.
The average US house spends about $1200 per year on electricity and that is something that is very costly. When you have a system that is able to simply be added to your roof and save you 100% of your bill, you will see that that is an annual savings of about $1200-$1300 per year in your pocket. Every little bit of income helps and this will ensure that you are able to see a tremendous return on investment over time.
Going solar means that you will see a large savings and that you will also find that you have a house that is warmer, greener, and cheaper to operate. If the thing that has been holding you back from going solar is the cost, you will be delighted to know that financing is available at very affordable rates. Speak with us and let us see how we can help you make the solar track.
Locally owned and operated RevoluSun (Burlington, MA) offers free energy evaluations for homes and businesses. We present you with a no obligation, comprehensive, solar project proposal that meets both your energy and financial needs. We then deliver and install only the most efficient and highest value solar components made by proven and reliable manufacturing partners, and backed by the best warranties in the business. Ask around and you will learn we are a completely different Solar Power installer. If you were thinking about going solar, Now Is The Time, Massachusetts!