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Home Solar Power Investment

Home Solar Power Investment

Home Solar power not only costs nothing by it’s an investment. Every savvy consumer knows that you really can’t get something for free as there is always a catch. If you’re interested in installing solar panels in your home, chances are you have seen advertisements that say solar costs nothing.

If you’re interested in installing solar panels in your home, chances are you have seen advertisements that say solar costs nothing.

Solar installation companies that offer free solar power have you enter into a solar lease or PPA for no upfront money. They will, however, charge you for the electricity produced.

Most likely, you will save money on your utility bills with such an arrangement, but that is not always the case.

You’re better off looking at all options and even consider buying your solar systems with cash a zero-down solar loan.

How Solar Arrays Reduce Your Energy Bills

Is it worth it to install a solar system? Sure it is. You’ll not only help save the environment but save money in the long run when installed correctly. No matter whether you finance your system through leases, low-interest loans or even pay cash, you’ll start saving on your electricity bills immediately.

You’ll not only help save the environment but save money in the long run when installed correctly. No matter whether you finance your system through leases, low-interest loans or even pay cash, you’ll start saving on your electricity bills immediately.

No matter whether you finance your system through leases, low-interest loans or even pay cash, you’ll start saving on your electricity bills immediately.

With a roof size that fits a decent sized array, you can even have negative utility bills if your utility company has a buyback plan that allows you to sell excess power back to the utility.

Essential components of a solar energy system include:

  •  Solar panels
  • A Controller that regulates the flow of electricity
  • Batteries that store power for later use
  • The inverter that converts stored the energy needed to run electrical equipment.

Average Time for Return on Investment

The payback period for solar installations depends on several factors:

  1. Amount of energy that your installation generations
  2. The price of grid electricity in your area
  3. The total cost that includes incentives and rebates and how you choose to finance your installation.

Expect a period of 4 years to 9 years before you realize your return on investment. Afterward, your electricity will essentially be free until your warranty runs out, and with most warranties at 25 yrs, you’ll enjoy years of free electricity.

Contact us for more information on how solar installations can benefit your home.

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2 COMMENTS

  • Solar Power In Las Vegas
    September 1, 2017, 4:08 am REPLY

    The Solar Power is considered as the new energy for us and it is green power for the environment. We should encourage more people using it in the life.

  • Sariah Meagle
    October 12, 2017, 1:56 pm REPLY

    My partner and I are thinking of having renewable energy to reduce our environmental impact. We’re looking for a solar installation company to ensure that our solar energy will be properly installed and maintained so as to reduce our energy bills. Thanks for this informative article!

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