The chart above was created with data taken directly off of the utility monopoly website, added trendline. While utility prices have increased 60% in the past decade, solar prices have dropped 43% in the same time period. The trend is clear, going solar is the only way to get off this backwards roller coaster ride and start paying less for energy as time goes on.
Paying cash for your solar system means that you recoup the most savings over time. This option allows you to pay around 6 cents/kWh over 25 years. If the utility froze rates today for the next 25 years, you'd pay 20 cents/kWh. If utilities raised rates at the same pace they did over the last 10 years, you'd pay 36 cents/kWh. If you don'
Paying cash for your solar system means that you recoup the most savings over time. This option allows you to pay around 6 cents/kWh over 25 years. If the utility froze rates today for the next 25 years, you'd pay 20 cents/kWh. If utilities raised rates at the same pace they did over the last 10 years, you'd pay 36 cents/kWh. If you don't go solar, you just have to decide why you want to pay the utility monopoly 3x or6x the amount for the exact same product. Either way, you'll be paying a lot more instead of paying a fraction of the price, discounted some 75% off retail pricing for energy.
The homeowner assumes no debt, no financial liability for any of the equipment, no down payments. It's the simplest, most immediate, and risk-free way to get solar savings. The solar company uses the roof to generate electricity, and sells it back to the homeowner at a discount. The lease transfers to the new buyer in a home sale. This ca
The homeowner assumes no debt, no financial liability for any of the equipment, no down payments. It's the simplest, most immediate, and risk-free way to get solar savings. The solar company uses the roof to generate electricity, and sells it back to the homeowner at a discount. The lease transfers to the new buyer in a home sale. This can lower your monthly bill 20-30% immediately, with an annual increase of up to 3.5%. Don't forget, if you have to replace your roof, you'll have to pay around $6k to the solar company to take down the panels and put them back, which can zap your solar savings significantly in the first 15 years.
Solar loans generally present two options, a low monthly payment if you donate your 30% tax credit to the lender within 18 months, or a high payment option if you keep the tax credit for yourself. Just keep in mind that behind your loan payment is an amortization schedule that applies most of that payment towards the interest for the firs
Solar loans generally present two options, a low monthly payment if you donate your 30% tax credit to the lender within 18 months, or a high payment option if you keep the tax credit for yourself. Just keep in mind that behind your loan payment is an amortization schedule that applies most of that payment towards the interest for the first decade or so. If you sell your home, you may owe a higher balance on the loan than you thought. If you selected the high payment option so you could "keep" the Investment Tax Credit at the beginning, the loan company will ask you to return that amount as well.
Most of us have been trained our whole lives to simply flip on a light switch and probably autopay our monthly bills. Since you don't get to choose your utility monopoly in Florida, you are obligated to pay whatever ransom rate they get approved by the 5-person Public Services Commission. Going solar is like having an option to buy electr
Most of us have been trained our whole lives to simply flip on a light switch and probably autopay our monthly bills. Since you don't get to choose your utility monopoly in Florida, you are obligated to pay whatever ransom rate they get approved by the 5-person Public Services Commission. Going solar is like having an option to buy electricity from a much cheaper source. If you had to turn on a switch to electrify your home each day, which one would you pick? The one that says DISCOUNT or the one that says FULL PRICE? The choice is pretty much that simple.
This leasing option drops the homeowner's monthly bill by 25% immediately, and slowly raises it by 2.99% over 25 years. The yellow arrow shows when the homeowner will pay what they are paying today for electricity, which is 11 years from now. It's like going back in time and resetting your rate today by more than a decade. This puts $143/month in your pocket over 25 years.
Going solar comes down to a simple choice of where you want to donate your money, your pocket or their pocket. A homeowner paying $250 per month on average today, will pay $124,938 over 25 years if the utility continues to raise rates at 4% on average. A lease lets you put $43,012 back into your pocket to use at your discretion. How will you spend your savings?
I respect your time, privacy, and money. I'm not a sales guy. You have questions; I have answers. I will not attempt to coerce you into a purchase. I just show you your estimated savings and see if it helps your budget. Feel free to reach out. I'm a homeowner too. I get it. You're welcome. :-)
I won't harass you via phone, text, or email. You're busy; I'm busy; I just need 30 minutes to show you your projected cash savings. I'll make it easy and buy you lunch. You pick a restaurant and I'll pick up the check. Or let's Zoom from the comfort of the couch in your living room.
I bought solar for my home and talked with 8 different companies for hours at my kitchen table; five more came a knocking. Each failed to explain things properly or back up what they said with sources or in writing. I have summarized my research so you don't have to waste your time.