If you’re one of the millions of homeowners looking for ways to cut down on expenses, solar energy is the answer you’ve been looking for. Homeowners now have highly favorable financing options that have led to over 473,000 installations during 2015. Residential costs have also dropped 45% since 2010, making it easier than ever to make the switch.
Timing Is Everything
There are two main factors that make switching to Solar a better option now than ever before: state and federal tax credits and the rising costs of utilities. The price of electricity has steadily gone up through the years and is forecasted to continue inflating, according to U.S Energy Information Administration. However, solar hardware is much less expensive than it was only a few years ago. Thanks to robust advances in PV solar panel production and government incentives to facilitate this essential energy progress, the cost barriers to going Green have been eliminated. Solar is now the decisively cheaper option!
How Much Can I Save?
In a recent study by NCCT, customers in America’s 50 largest cities who invest in a 5 kW solar PV system save on average between $44 to $187 per month in their very first year going solar. As an added bonus, costumers who pay upfront for their systems will see a better return on investment than the stock market over the 25-year average life of the system! These numbers become very interesting and exciting once you calculate the savings over 5, 10, and even 20 years.
Added to those saving are the state and federal tax incentives. 30% savings from Federal taxes plus additional state tax credits mean you will be paying a fraction of the total system cost. Deciding which payment option is best for you will determine how much you can save and how soon, and there are a variety of appropriate options for every homeowner.
The Evergreen Solution
To find out exactly how much you can save by switching to solar, request a free proposal from Evergreen Solar today. We utilize 3D mapping technology and your usage history to show you exactly how solar panels will look on your roof and how much money you can save by going Green. Apply and qualify for $0 upfront installation, hardware, and servicing costs. For a limited time, receive a free NEST thermostat so you can keep track of your solar production and control your home’s energy right from your phone. Enter discount code NYSUN and request a proposal today!