THE TOP 10 REASONS TO GO SOLAR
There are many reasons why homeowners go solar. The two most common are financial savings and helping the environment. Whether your motivation to go solar is economic, environmental, or both, here’s a list of benefits to consider when considering solar.
REDUCED OPERATING COSTS:
One of the most tangible and substantial reasons to go solar is the reduction of energy costs. Electricity costs can make up a large portion of your monthly expenses. The electricity a solar system produces offsets your electrical consumption. This significantly reduces or in some cases even eliminates your electric bill. Even if you don’t produce 100 percent of the energy you consume, solar will reduce your utility bills, meaning you’ll save a lot of money.
GOOD RETURN ON INVESTMENT:
With a solar panel system, you’ll generate free power for your system’s entire 25+ year lifespan. Solar panels typically have a payback period of 3 to 6 years, dependent on system size and financing solution utilized. At the end of the day, solar is one of the best investments you can make. The average American solar purchaser sees a return on their investment (ROI) of 20 percent or more, with most solar panel systems paying for themselves multiple times over the course of their decades-long lifetime. Try getting that ROI from stocks!
The demand for renewable energy is real and growing in Virginia and throughout America. Customers are increasingly weighing a company’s environmental policy and commitment to sustainability in their decision-making. By going solar, homeowners contribute to the expansion and adoption of carbon-cutting renewable energy technology and help to build a more sustainable world.
To compound the savings from reduced energy costs, federal and state governments provide tax advantages to incentivize homeowners to go solar. A homeowner with the right tax situation can reduce system costs by up to 50% with the federal Income Tax Credit and accelerated depreciation.
ENERGY COST STABILITY:
Electricity costs have risen over 70% in the past 10 years and continue to do so in a volatile way. These rising costs have made it difficult to budget for energy year over year. With solar, you can accurately forecast the cost of your energy use for more than 25 years. Predictable energy rates mean a more predictable budget. By investing in a solar energy system now, you can lock in the price you pay for electricity today in order to protect against future increases in electricity costs.
IMPROVED PROPERTY VALUES:
Solar panels improve a home’s property value. In fact, one study confirmed that solar installations increase a home’s resale value by up to $5,911 for each kilowatt of solar panels installed, and another estimated an increase of 4.1% of the home’s value.
REDUCED CARBON FOOTPRINT:
Solar energy is clean, renewable, and abundant. Unlike fossil fuels, solar energy does not generate harmful carbon emissions that are known to contribute to global warming. By using solar electricity instead of electricity generated with fossil fuels, your home can reduce its’ carbon footprint and contribute to a culture of sustainability.
While solar panels do require some maintenance and cleaning to operate at full efficiency, there is virtually no day-to-day maintenance. This makes it an easy addition to your home.
FLEXIBLE FINANCING OPTIONS:
There are a number of flexible financing options available for residential solar including options that require little to no up-front costs. The Pinnacle Group offers a wide variety of financing options for virtually everyone who is interested in going solar.
INCENTIVES ARE RUNNING OUT:
Virginia has been fortunate to benefit from federal and state solar incentives that make a solar investment an excellent decision. However, these incentives are running out, and could be gone within the year! If you’ve ever thought about going solar, now is the time to act and call The Pinnacle Group for your free consultation.
Call us NOW to schedule your FREE consultation : (804) 368-8798
Exceeding expectations, not budgets!!!