12/26/2018
How Do I Save Money With Solar?
This is the question many ask when they are evaluating the benefits and reasons for switching to "Solar" electricity. Let's look at what happens when you "DO NOT" switch to Solar panels. (1) You continue paying your utility bill for electricity every month, and (2) your electric bill usually goes up every year, for the rest of your life! If your electric bill is $150 per month, that means that you have paid over $9,000 in the past 5 years ($150*12 mo*5 years), you will never see it again, and is sure to go higher next year! You NEVER stop paying the Utility Company so you are always at their whim if and when they raise prices.
However, when you place Solar Panels on your roof, your utility bill can be reduced to an average cost of $18-$22 per month. You almost eliminate the yearly increase in the utility bill because you are getting your energy from the sun. And, your panels get paid off so you do not pay forever. They are either paid off immediately with a cash payment, or, they are financed and paid off over time. Either way, you choose not the utility company!
INCENTIVES!
There is No Money Down / No Money out of Pocket if you decide to go solar and do not want to pay cash. There is also a 30% tax incentive offered by Uncle Sam (IRS) for installing Solar and reducing the drain on the electrical grid. That is a huge savings that can come back to you on your tax return. Additionally, if you need a roof, getting solar can help you apply the 30% tax incentive to its cost thereby saving you another $3000-$5000. There are some rules on this so consult your tax consultant.
You see Solar Panels on homes and businesses everywhere you drive in Southern California. Californians love saving money, and, they love helping the environment. There are studies that show the value increasing in value when placing solar on your roof. New homeowners love buying Solar homes with almost no electric bill to place in their budget.
If you have more question or concerns about how you can save money by reducing or eliminating the electric bill for your home or your business, give me a call. We provide service for Southern California and Las Vegas, Nevada
Al Scaife
(800) 519-1940