Thursday, December 10, 2009

The three best reasons not to go solar..........

  1. "I just can't afford to spend any money right now"

    Unless you are planning to disconnect from the grid, you will be paying someone for electricity. Why not invest your money rather than give it away to a monopoly?

    Investment returns on residential solar are typically in the 15-20% range, is there anything in your investment portfolio doing that well?

  2. "I'm waiting for the prices to come down"

    The rebates for solar are declining as they are used, waiting actually means a possible increase in cost. Besides, when you weigh the monthly savings you could enjoy now, and the 10-15% annual increase in rates we consistently see, you'll save more between now and "later", many times over.

  3. "We are not sure how long we will stay in this house"

    Discussions with Real Estate Agents tell us homes with solar are much easier to sell and fetch a higher price. It only makes sense. If you were looking at two identical homes, and one had solar, wouldn't you buy the one with the $50 per year utility bill over the one with a $2,500.00 a year bill?

    The appraiser's rule of thumb is for every dollar saved annually you can expect to receive $20 in increased home value. In the above example, your home would increase in value by $49,000.00 after an investment of $18-20,000.00. What else can you do to your home which gets that kind of return?

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