There’s A Better Way to Go Solar
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Homeowners can divert their power bill to home solar and get a guaranteed return on investment. The charts below demonstrate what solar energy costs, and how much you can expect in return on investment. There’s no question that home solar is an extra income stream for homeowners and rental property owners.
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 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.
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 a “Free Investment” may be an understatement. Never before now has a home improvement been 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!
Home Property Rentals benefit financially from solar because they can negotiate a better price for installing solar on multiple homes. Home solar is a guaranteed investment for single or multiple home rental properties because tenants can be charged for the power produced for the next 25 years.
Many property rental owners who don’t have a long-term plan and might be selling their homes shouldn’t be concerned because solar increases the value of a home. 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. Combining the increased home value and the ITC tax credit makes solar a sound investment for rental properties, short or long-term.
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.
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.
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 |
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.
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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