Are solar panels really worth it?
Solar panels are a valuable investment for several reasons, and at Prime Choice Solar, we strongly believe in their benefits.
• Solar panels can significantly lower monthly electricity bills by generating electricity from the sun’s energy, helping to reduce reliance on the grid and potentially offsetting some or all of your electric bill.
• Incentives and rebates are available to make the cost of installation more affordable, allowing customers to save thousands over the lifetime of their residential solar power systems. Additionally, net metering programs can help homeowners earn credits for the power they generate. With the cost of conventional electricity continuing to rise, solar panels are becoming an even more cost-effective choice.
• Installing solar panels can increase the value of your home, as studies have shown that homes with solar panels tend to sell for more than those without.
• Using solar energy instead of fossil fuels can help combat climate change and reduce your carbon footprint, providing important environmental benefits. By choosing solar, you can make a positive impact on the environment and take an active role in reducing your carbon emissions.
Where do I start? It appears to be complicated.
Solar energy can appear to be very complicated, especially when researching providers, technologies, incentives, municipal requirements, permits, and so on. That’s why Prime Choice Solar designed end-to-end solar energy solutions that allow you to start saving money quickly and easily. Our dedicated team is here to answer questions, address concerns, and guide you through every step of the process, from financing and design to installation, tracking, and maintenance.
What are the upfront costs of Solar?
There are zero upfront costs involved in financing the
value of your solar system.
Are my Solar Panels leased or owned?
As the owner of the home, you own the solar panels.
The cost of the panels can be paid either in cash or
through a wide variety of financing options.
Is there a rebate?
Currently there is a Federal rebate for solar installs. Ask us to check out the local incentives you may benefit from!!
What do you need from me to start the process?
We just need your monthly electric bill to start!
What type of solar panels and inverters do you use?
We only work with the best solar panel, inverter, and storage manufacturers and tailor our recommendations to your project and location. Our product and performance standards ensure that each solar energy solution meets the highest levels of performance, efficiency, and dependability.
Our solar specialists will provide you with all the details.
Is it easy to care for solar panels? What sort of maintenance is required?
Solar panels require little to no maintenance and frequently reduce overall home maintenance costs by protecting the roof structure. To get the most out of your solar array, keep the panels free of dust and debris. Natural wind and rainfall patterns will do the majority of the work for you, but annual cleanings can help to keep them running smoothly.
Is it hard to qualify for financing?
It depends on your personal financial situation, checking to see if you qualify is an easy process that only takes a few minutes once we review your current electric bill.
How should I compare solar quotes?
Since there are so many variables in solar, an effective way to compare systems is by looking at how much you’re paying per watt, which can be calculated by dividing system cost by system wattage. That being said, there are two price-per-watt numbers: Price per watt before government incentives and price per watt after government incentives.
How do I calculate my return on investment (ROI)?
You can calculate ROI by first looking at how much you will save yearly by going solar. Then, you need to divide that number by the overall cost of your system. The result is your ROI.
Here’s an example: A system costs $10,000, and it saves you $1,000 a year on electricity. You’re making a 10% return on your investment because 1,000/10,000 = 10%.
Note: The average Project Solar year 1 ROI is 18%. To put this into perspective, the S&P 500 market average ROI is 9.8%, and average home value appreciation is 3.2%.
Another way to calculate ROI is to look at the total amount of energy your system will generate in 25 years. Then, if you multiply that production by your local utility rate and then divide that total by the system’s cost, you can find the system’s total ROI over its warranty period.
Here’s an example: Let’s say that your system costs $9,655 and will produce 397,475 kWh over the course of 25 years. If your local utility rate is $0.09/kWh, then you would have had to pay $35,772.75 for the 25 years’ electricity if it had come from your utility instead of your solar system. This total is 3.7X the cost of your system, meaning that your system would ultimately have a 370% ROI over its warranty period.
If I’m looking at selling my house in the next 2-5 years, should I go solar?
With any home improvement project, it is important to consider how much the project costs and how that cost can be offset by the increased value of your home. With solar, studies have shown that home value increases to around 3X the size of the system. Our home value increase calculator will show you how much your home value will increase if you decide to go solar. Since solar helps increase the value of your home, installing can still be a financially smart option if you’re looking at selling your home soon.