Posted Wednesday, May 27, 2020
Is It Really Worth It to ‘Go Solar’ in 2020?
It seems like every solar power company on the planet has some variant of the following sales pitch:
“You could be saving thousands of dollars by going solar!”
This is easy bait to take because who doesn’t want to save money? The reality is that for some people, an investment in a sophisticated, professionally installed solar power system just doesn’t make good financial sense.
The reason for this is a combination of numerous factors related to the long-term return on investment of solar power.
Let’s explore some of the most compelling questions you should ask to determine if going solar is right for you in 2020.
“How Much am I Currently Paying for Electricity?”
This is a great place to start if you’re completely new to solar power. In some regions of the country, electricity is very cheap ($.08/kWh), whereas, in others, it can be exceptionally costly ($.20/kWh or more).
When you install a solar power system on your home or commercial building, you’re essentially adding a power plant to your property. This offsets your electricity consumption, and the value realized is commensurate with the electricity rates you pay.
How much exactly could you save? It depends. We suggest you contact us for a free energy assessment to have this question answered for yourself.
“How Much Will It Cost to Install?”
When it comes to choosing the solar power generation equipment and the installer you go with, you really do get what you pay for.
So, by opting for cheaper panels installed by a less reputable company, you might be saving a good chunk of money upfront only to pay for it later when the system fails and needs repair.
Investing in high-efficiency panels installed by solar power experts is the best way to assure that you get the highest amount of return on your investment.
“How Will I Pay for It?”
At Urban Solar, we realize solar power projects can get prohibitively costly for some people. That’s why there are financing options available for those who qualify.
With a low interest rate and a significant down payment, many solar power systems can pay for themselves in just 7-10 years. If you have more cash upfront to help finance the cost, all the better. Everyone’s situation is unique.
Want to Continue the Conversation? Contact Us!
At Urban Solar, we are passionate about bringing solar power to the world. When you’re ready to learn more about what systems and options might be best for your home or commercial building, contact Urban Solar.
We look forward to hearing from you!