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Solar Energy Solutions offers loan financing for solar panel installation. It partners with Medallion Bank to offer competitive rates. Its streamlined installation process is another plus.
The company also helps customers get state-level rebates. Its experts are knowledgeable about local policy changes affecting solar incentives. This ensures that solar is a cost-effective option for consumers.
Save Money
Besides lowering your energy bills, solar panels also add value to your home. This is because buyers are willing to pay more for a house with solar panels than one without them.
Solar energy systems are a long-term investment, but they usually pay for themselves in about eight years. After that, they continue saving you money on your power bill every year. This is why many solar shoppers report a return on investment in double digits.
The amount of money you can save depends on the electricity rates in your area. To find out the average rate in your state, use this online tool. Then, multiply the number by your solar system size in kilowatts to calculate your annual savings.
You may be eligible for federal and state rebates and incentives to offset the upfront cost of a solar system. This includes the Solar Investment Tax Credit, which can cut your costs by up to 30 percent.
Reduce Your Carbon Footprint
Solar Energy Solutions offers solar energy solutions to homeowners that are looking to reduce their carbon footprint and help save money on their electricity costs. Although there are carbon emissions associated with the manufacture of solar panels and their installation, these are quickly offset by energy savings that can be realized for decades.
Energy from the Sun is clean and renewable which is better for the environment than fossil fuels. It also has a smaller life-cycle carbon footprint from cradle to grave than conventional fossil fuels.
This is because the generation of solar power displaces electricity that would otherwise be produced with fossil fuels – thereby reducing carbon dioxide and other greenhouse gas emissions. Additionally, the materials used in photovoltaics are recyclable and less harmful to the environment at end-of-life.
Increase Your Home’s Value
Homeowners, potential buyers and appraisers are aware that solar power systems can increase a property’s value. They are a smart, clean energy solution and provide significant long-term savings. According to a study published in the Appraisal Journal, a house’s value increases $20 for every $1 reduction of yearly energy bills.
Additionally, according to a Zillow study, homes with solar sell for 4.1% more than comparable homes without solar. This is the equivalent to an additional $9,274 in sales price for the median-valued home.
Homebuyers see solar as a high-end feature like a new kitchen and are willing to pay more for a home that has it. Additionally, homeowners with solar can benefit from net metering programs where they can sell their excess energy back to their utility company and earn credits that can be used during off-peak hours. These benefits can help a homeowner make their mortgage payments. This allows a homeowner to recoup the cost of their solar system in less time than they expect.
Get a Return on Investment
As you reduce your reliance on the grid, your electricity costs will decrease, offering you a great return on investment. This ROI can help you recoup the upfront cost of your solar installation in just a few years.
Aside from energy savings, solar power is clean and renewable, reducing greenhouse gas emissions and combating climate change. It also gives you energy independence, shielding you from rising utility rates.
Whether you have a rooftop system or a ground-mounted PV array, you can take advantage of energy resale and tax credits to further reduce the initial price of your system. You can also calculate your potential payback period and solar panel ROI by performing a cost-benefit analysis and exploring financing options. If you choose a loan option, consider working with a company that offers low-commitment financing. This makes it easier to recoup your investment with low interest rates. Medallion Bank is one example of a lender that provides same-as-cash loans for 26 percent of your system’s upfront costs.Star Plus Energy