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!
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.