How to Make Money from Home Solar Energy
Florida has a robust net metering policy that offers the best return on investment in the country. Many states have as good a return on investment from solar energy as Florida, but none have better. So long as the solar energy laws remain the same in Florida, one-for-one net metering makes solar a cash bonanza for homeowners.
Net metering one-for-one power trade means a homeowner is paid full retail for power produced from a home solar system, limited to what they consume.
Net Metering Mandates the Power Companies to make a One-for-One Trade of kilowatt Hours Produced for Kilowatt Hours Consumed
Net Metering wasn’t the power company’s idea, it came from Federal and State legislation. Net Metering forces the large power companies in certain states to allow homeowners to store solar energy production on the grid, for a minimal monthly service charge. The solar energy produced is an even trade-off for home energy consumption. Florida has stood behind the federal government’s Smart Grid legislation to promote alternative clean energy sources. Net Metering is a “Monumental” win for homeowners, at least for as long it lasts.
Florida homeowners enjoy grandfather rights, which protect them if utility companies attempt to alter existing laws—something they have previously tried and failed to achieve.
The Nuts and Bolts of Making Money from Solar Energy
Solar buyers paying cash get the lowest cost per kilowatt and start seeing dividends the first month it’s powered on. A cash buyer gets the best price for solar because any other buying method has additional fees and, or interest.
The spread for what solar costs compared to what you’ll get in return is in the tens of thousands of dollars. Homeowners cannot lose money paying cash for a home solar system. Paying cash for a home solar system is as sure of a bet as there is, you cannot lose. Paying cash for home solar and the ITC tax credit offers the best return on investment possible.
Take Advantage of the 30% Tax Credit for Solar Energy
Qualified homeowners get a 30% federal solar tax credit on the cost of their solar panel system. The combination of paying cash and the 30% tax credit offer the best return on investment possible.
A Basic Home Solar System Provides the Best Return On Investment
A basic solar system offers the greatest return on investment. Home solar is a power plant on your roof that produces power for a much lower cost than the power companies.
Extras such as a solar energy battery backup system will decrease your return on investment. Homeowners who limited their purchase to solar panels, inverters, and installation are getting the most out of it.
Now You Know How to Make Money from Home Solar Energy!
Buying Solar Explained in Easy-to-Understand Charts Below
The primary objective is to shorten the time it takes to offset the cost of solar with what you would have paid the power company anyway.
This Chart Is When You Pay Full Retail Cost for a Home Solar System
| System Size | Retail Cost | Tax Credit | Net Cost | Production (Monthly Power Bill) | Break-Even Point |
| 7K Solar System | $23,500 | $7,050 | $16,495 | $150 a Month in power | 9.2 Years |
| 9K Solar System | $29,250 | $8,775 | $20,475 | $190 a Month in power | 9.25 Years |
| 11.7K Solar System | $39,000 | $11,700 | $27,300 | $250 a Month in power | 9.20 Years |
Disclaimer: You Must Seek Expert Advice for the ITC Solar Tax Credit Because No Two Homeowners’ Income Taxes are the Same. Consult with a Tax Expert to Determine if You Qualify for the ITC Tax Credit and How Much You Qualify for Per Year.
High-quality solar panels can last 30 years or more, Solar Panels have no moving parts. Regular maintenance contributes to their longevity. Major Manufacturers Warranty Solar Panels for 25 to 30 years.
This Chart Is Your Solar Advocate Cost for a Home Solar System
| System Size | Wholesale Cost | Tax Credits | Net Cost | Production (Monthly Power Bill) | Break-Even Point |
| 7K Solar System | $19,250 | $5,775 | $13,475 | $150 a Month in power | 7.5 Years |
| 9K Solar System | $24,750 | $7,425 | $17,325 | $190 a Month in power | 7.6 Years |
| 11.7K Solar System | $32,175 | $8,365 | $23,810 | $250 a Month in power | 7.9 Years |
A Typical Solar Company's Proposal
| Add-Ons To Every Solar Proposal | Cost of Add-Ons |
| The Cost of Salesperson | $2500 |
| Sales Manager | $1000 |
| Proposal Builders and Permitting Department | $1000 |
| Overhead: Rent, Auto Insurance, Vehicles, and Utilities | $1000 |
| Cost of Leads and Marketing | $1000 |
| Points for Low-Interest 20-Year Loan Terms (Frequently Hidden Cost) | |
| Solar Panels, Inverter, Installation | $17,000 |
| Solar Company Profit | |
| $3.25 a Watt or Lower for a 7K Home Solar System Total | $23,500 |
Disclaimer: You Must Seek Expert Advice for the ITC Solar Tax Credit Because No Two Homeowners’ Income Taxes are the Same. Consult with a Tax Expert to Determine if You Qualify for the ITC Tax Credit and How Much You Qualify for Per Year.
Your Solar Advocate Cost Savings
| Add-Ons To Every Solar Proposal | Cost of Add-Ons |
| The Cost of a Salesperson | $500 |
| Sales Manager | |
| Proposal Builders and Permitting Department | $1000 |
| Overhead: Rent, Auto Insurance, Vehicles, and Utilities | $750 |
| Cost of Leads and Marketing | |
| Points for Low-Interest 20-Year Loan Terms (Frequently Hidden Cost) | |
| Solar Panels, Inverter, Installation | $17,000 |
| Solar Company Profit | |
| Your Solar Advocate Target Price $2.75 a Watt or Lower for a 7K Home Solar System | $19,250 Tax Credit – $5,775 The net Cost Is $13,475 |
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