Solar as a Sound Investment
There are many non-financial sound reasons to install solar on your business or home now. However, given the stimulus monies and credits available, it could well be the safest, long-term investment return you can achieve … by a long shot. When you consider four driving investment principals, and review the math, a solar electric system may help you sleep better at night than you have in a long while.
- The first year costs of an investment in solar are offset by utility rebates in the 40% - 50% range--and federal tax credits and stimulus for an additional 30%. Some municipalities also have additional contributing programs.
- The remaining cost will generate a predictable monthly revenue stream of avoided electric utility costs - under contract - for 20 years. The system will continue beyond 20 years to reduce electricity costs.
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- While your neighbors' electric costs per kilowatt hour will go up naturally with cost of living over the next twenty five+ years, your solar electricity cost is fixed at 2009 rates – the year you started making and selling electricity rather than buying it on the open market.
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- The appraised value of your home increases by an average of $14k based on a 4.0 kW size system in the year that the system was installed. If you sell your house, it will likely sell faster because new buyers are particularly attracted to solar homes--according to the real estate industry.
Your capital investment in 2009 in a 4.0 kW system – a size that can typically reduce and sometimes eliminate over $100 per month of electricity costs - should generate predictable savings greater than $40k over the next 25 years – under contract, assuming a conservative 5.5% average inflation. The life cycle payback of the net first year costs in exceeds 350%.
Give us a call so we can review this solid investment strategy based on numbers that apply to your home and situation: Call today.
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