Isn’t Solar Expensive?

April 28th, 2010

I’m often asked, “Isn’t solar expensive?”

True, the initial cost is more than you pay day to day, but financing is available, plus you will begin saving immediately in your electric bills. Over the long run, it is one of the best returns on investment you can make today.

Consider:

  • The initial investment for a solar system is similar to that of a buying a new car. But that is where the similarity ends. With solar you never have to fill up the tank. It just keeps producing. Your car will depreciate in value every year, whereas solar does not depreciate. In fact when taking into consideration the rising cost of electricity your system will appreciate in value
  • The cost of your solar system will be reduced up to 40% with the CSI rebate program and the 30% federal tax credits. Payback times are now roughly 6 or 7 years.
  • You can finance your solar system using a home equity loan. Your energy savings with solar begin immediately, and will meet or exceed your monthly loan payment
  • Loan payments are tax deductible.
  • Your solar system will last upwards of 30 years. Once the system is paid off the rest is money in the bank. Solar is one of the best financial investments you can make today.

More Questions about Solar?

For more questions and answers, visit our Q & A page, or contact me.

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