Starting to think about installing solar panels? In the midst of your solar savings decision process? You’ve come to the right place. Welcome to the road to your solar savings! Along the way, you may have encountered a few bumps: cost, payment, appearance and function. We’re here to smooth those out for you and get you to the end of the road where you’ll find some serious savings.
There is no set cost for solar. Every home and installation has its own solar power generation characteristics that determine both price and projected savings. Over the past year, our residential turnkey installations have averaged at about $25,000. And that’s before any incentives! You may not have realized it, but you’ve already committed double, even triple this cost to paying your electric bill each month.
Just multiply your monthly electric bill by 10 years, and don’t forget to add on five percent because the cost of electricity rises every year. Shocked? Now do it over the life of your 15, 20 or 30-year mortgage. And then keep doing it, because you still have to keep paying your electric bill after you’ve paid off your house. Ouch.
With a lower utility bill, you can re-direct the money to pay off your solar system. But that money is now an investment in your home – like a new kitchen or bathroom – and it increases the value of your home just like those investments. Once you’ve paid off your system, you’ve significantly decreased the amount of money you committed to pay for energy and you’re channeling this money into your home. When your solar panel system is installed, you are eligible to receive a 30 percent federal solar investment tax credit. That’s thousands of dollars right back in your pocket! Plus, based on your location, there may also be other utility grants or production-based incentives available to you. Get your solar system installed before December 31 and you can claim the federal tax credit on this year’s tax return!
We have good news for you here. We’ll work to set up the best payment plan for you. Of course we accept full upfront payment, but we also have various financing options to make solar viable for you. Most residential solar systems will achieve 100 percent payback in 7 to 12 years.
Even if you’re planning to move before payback, solar panels significantly increase the value of your home, again putting more money back in your pocket.
Solar panels are thinner than ever before. We use custom black frame, black background solar panels that mimic roof shingle tones. Our experts will always recommend the most efficient array plan, but will work with you to create a unique panel layout that suits you. If you think solar is the way to go, but don’t want the panels on your roof, then ground-mounted panel arrays are also an option. You will have the final say on the solar layout. Plus, nothing is prettier than money in your pocket!
Investing in solar in the Ohio, Kentucky and Indiana region is sound and viable. We receive an average of 4.2 to 4.7 peak hours of sun per day on an annual basis. Compare that to Florida: the Sunshine State gets five peak hours of sun per day. In fact, many local companies have large (like thousands of solar panels) investments in solar. Long story short, solar works here.
Getting solar panels can save you tens of thousands of dollars in utility costs. Icon Solar is committed to you every step of the way through your solar journey. So whether you’re in the middle of the road and are ready to decide or are just starting out, give us a call and we’ll lead you to your solar savings!
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