03/01/2021
Here's the math that breaks down the cost of solar for you:
- Cash outlay: $22,312.50
- 26% federal tax credit: -$5,801.25
- Local Solar Rebate: VARIES
- Net cost: $16,511.25
- Average home value increase: $15,000.00
- Property Tax Exemption: 100% of the increase
- Sales Tax Exemption: 100% of system cost
- Value of 1st Year Solar Output: $1,413.00
- Pays for itself in: 13 years
- 25 Year Net Profit: $20,738.40
- Unit size: 7.5 kW
- Average Price/Watt: $2.98
- Avg. Annual Solar Output: 11,293 kWh
- Avg. Electricity Cost: 12.30 Cents/kWh
- Average Utility Rate Increase (estimated): 4.5%
Think of solar as a conservative long-term investment that has a close-to-guaranteed return.
The dirty secret your utility company doesn't want you to know is: they control the cost of your power, and they can increase rates at any time.
One utility in an area we work just raised rates by 29%!
Switching to solar is like changing your utility company to one that guarantees the rate won't increase.
Looking at a 25 year-window (the length of most solar panel warranties) solar panels provide a *very* stable return on the initial investment.
And just like a car, paying cash is not required to go solar, but it does give you a higher return. You can go solar for $0-down or lease the system and save money from day one.
If you're only looking for the highest return investment, solar panels probably aren't for you.
..unless your roof has great solar potential - depends on your location, your roof and the state your house is in.
(Click below to find out if it is.)
Or unless you're looking for a conservative, long-term investment that is as steady as sunshine and won't subject you to wild fluctuations like the stock market.
Or... you just don't like paying power companies, and would rather them pay you.
PS - If you're interested in solar, don't wait - the 26% Tax Credit DROPS to ZERO at the end of the year, and only applies to installed projects - so it pays to get moving now!
Click below and enter your roof details to calculate how much solar would cost you.
www.abundantsolar.today