Why Go Solar
Converting to Solar is Less Expensive than you think.
Solar Power is clean, inexhaustible, and easy to harness through advancing technologies and products that are easily available today. Modern technology and products are becoming more accessible, affordable, and available to all homeowners across America. Solar Energy allows us to take advantage of the greatest form of energy and the source of all life on our planet, the SUN. With virtually no moving parts, no noise, no pollution, and extreme safety standards, Solar Energy will provide you with your own source of reliable power for years to come.
Converting to Solar Power puts you in control. A solar system for your home typically costs less than you think. In fact, our clients find that their monthly solar payment is cheaper than what they were paying their utility provider. Excess energy will be bought back by your utility provider, benefitting everyone. You will have the ability to own your power instead of being at the mercy of renting it from your utility provider where you are subject to annual rate
Net Energy Metering
Net Metering is a special metering and billing agreement between homeowners and their power companies. Homeowners who choose to participate in Net Metering agree to have a renewable energy source on their property that connects to the power grid. Net Metering encourages homeowners to consider a small-scale renewable energy system while ensuring they still always have a reliable source of energy from the grid even during times when their own generator isn’t producing energy.
That electricity generated from the Solar Panels offsets the electricity that would have otherwise been delivered by your power company. And when the homeowner generates more energy than your home needs, you’ll receive credit from your power company for the electricity your generator produces and delivers onto the grid.
7 Reasons You Should Go Solar Today
1. Immediate Expense Reduction
Dramatically lower electricity bills—many homeowners experience at least a 50% decrease, up to the 100% elimination of their electrical expenses.
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, significantly reducing or in some cases even eliminating your electric bill so you can spend money elsewhere, or save the difference. 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.
2. Energy Cost Stability
Electricity costs have risen over 70% in the past 10 years and continue to do so in a volatile way – making it difficult to budget every year. Fossil fuel supplies are dwindling, which means energy costs will continue to grow. 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. Every year, electricity prices continue to increase at 4-6 % throughout the country. 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.
3. Reduce Your Carbon Footprint
The demand for renewable energy is real and growing in Virginia and throughout America. Customers are increasingly weighing environmental policy and their commitment to sustainability in their decision criteria. By going solar, homeowners contribute to the expansion and adoption of carbon-cutting renewable energy technology, helping to build a more sustainable world.
Solar energy is clean, renewable, and abundant. Unlike fossil fuels, solar energy does not generate harmful carbon emissions and other greenhouse gases 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.
4. Increase Your Home’s Value
Homes with solar sell for more than homes without. And when you consider that solar allows you to reduce or eliminate electricity bills, it’s easy to understand why: wouldn’t you rather live somewhere without monthly utility bills? Studies show that solar systems can increase your home value by 20 times the annual electricity savings.
In addition, homes with solar systems tend to sell faster than homes without solar- 15% faster by some studies.
5. 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 6 to 8 years, dependent on system size and financing solution utilized. After that payback, all financial benefits and savings contribute significantly and directly to your rate of return. At the end of the day, solar is one of the best investments you can make.
6. Tax Incentives But They Are Running Out
To compound the savings from reduced energy costs, federal and state governments provide tax advantages to incent property owners to deploy solar energy solutions. A homeowner with the right tax situation can reduce system costs by up to 50% with the federal Income Tax Credit and accelerated depreciation.
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.
7. It’s Affordable & Easy!
Tax incentives and rebates can reduce the cost of going solar by up to 50% depending on your state and local programs.
Financing options are now available in many areas to help overcome the upfront costs of going solar. 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.
Your payback period would be just 5-6 years and a compound annual growth rate of 9%. And depending on the weather conditions during the month, you could save up to 78% off your electric bill.
While a solar array does require some maintenance and cleaning to operate at full efficiency, there is virtually no day-to-day maintenance, making it an easy addition to your home.