Home solar is a"free" investment!
Your Solar Advocate is a Better Way to Go Solar!
The Power Company Rents Homeowners Electricity
Your power company has nothing for you but a higher power bill in any given period because you’re renting power.
Homeowners have a break-even point for home solar because they are using the money they previously paid the power company to offset the cost of solar. At that break-even point your power generated from solar is FREE! Home solar is the equivalent of owning a power company because the system continues to generate power long after a solar system’s cost is offset by what would have been paid to the power company.
Home solar Calculations for Florida are as follows: Receive a credit from the power company for every kilowatt-hour produced. Apply credits for every kilowatt-hour consumed. That’s how Net Metering works in Florida.
10K Home Solar System cost – $27000 less $8100 Tax Credit – Sub Total $18900
(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)
10K Production Annually: $220 Monthly of Power Produced – $2640 Per Year
8 Years of power bills total: $21,120
Including the ITC Tax Credit in 7.25 years, the Cost of Solar is offset by what you would have paid the power company and had nothing to show for it.
Without the ITC Tax Credit, it will take 10.25 Years to Offset the $220 a month previously charged by the power company. Solar panels are designed to last 30 to 40 years.
Return on Investment: $2640 Annually = $52,800 for 20 Years of Solar Production $52,800 minus $27,000 = a Profit of $25,800. Without Solar Energy, the power company would have charged $52,800 in twenty years. Disclaimer: Power company price increases are Not Included in the above example.
The only thing the power company has for us after 8 years is a higher power bill! Why does the power company invest in solar farms? Power Companies invest in solar farms because solar energy is profitable. Solar energy is more profitable for homeowners than the power company because the utility has to build a platform for the panels while homeowners use their roofs.
Imagine You Have Minimal if Any Power Costs
When financing solar there’s a break-even point eliminating a monthly finance payment. The money paid for the solar was previously going to the power company, in essence, the solar was paid for by the power company.
Let’s use the perfect scenario, you pay cash for your home solar. You have a minimal to no power bill monthly because you paid cash, your power costs are locked in for the next 25 years!
Say you reduced your power company bill by $250 monthly because you paid cash for solar. You now have $250 a month freed up to go into a children’s college fund. It’s a creative way to put your savings to work on the front end when you pay cash. The point is you can leverage your savings from solar, by investing it, and grow your initial solar savings even more! Home solar is a FREE investment opportunity for homeowners.
Is Home Solar a Free Investment if I Sell My House?
Should you sell your home it’s important to remember you are the beneficiary a 30% ITC tax credit, in essence, it’s like paying wholesale for solar. If you rent your home out, you can charge tenants for power during the next 25 years. Homes with solar panels often attract environmentally conscious buyers. Zillow found that homes with solar power sell for an average of 4.1% more than comparable homes without solar.
Home Solar Is Opportunity Knocking!
Home Solar is a “Free Investment” may be an understatement. There’s never been a time in history when a home improvement is a FREE Investment Opportunity! Qualified buyers get 30% off the cost of solar, use the power companies’ monthly payment to pay for solar, and get the lowest price home solar ever! In addition, homeowners use the power companies’ storage for a minimal service charge, and all the laws are on the homeowner’s side for anything solar-related in Florida!
