Solar cost: Are panels expensive? Not if you can afford your electric bill
One of the biggest misconceptions about solar energy is cost. Surely the technology behind the crystalline solar cells that power your home with electricity is expensive, right?
But this is the beauty of solar – paying for your panels may not generate any additional expense at all. By shifting the spending you’re already doing on your electric bill to a solar panel system, you’ll lock in the amount you pay for your solar system each month and shrink the amount you pay your utility company.
Here’s what we mean: If your average power bill is $150 a month, and your solar payment accounts for $100 of your electricity needs, you’re paying the utility company only $50. That means any cost increases that your power company imposes will be added only to that $50 rather than the whole $150, which will save you money. In the meantime, your solar bill will remain the same until you pay off your system. At that point, that’s when the savings really start accumulating.
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This is also the beauty about solar. By shifting your spending to solar, you’re taking steps each month to own your power instead of rent it. Your power bill from the utility company will never go away. Your solar bill will, and when that happens, all the energy that your system produces will be free to you. By owning your power, you’re adding value to your home and saving money at the same time. Those things add up to solar being a smart investment, especially considering that potential federal and state tax credits can offset your cost. And we haven’t even touched on how solar energy is a major win for the environment and reduces our dependence on finite natural resources.
With our innovative solar program, homeowners in our five-state coverage area (Michigan, North Carolina, Ohio, South Carolina and Virginia) can go solar for $0 up-front cost, save money on their electric bills, and generate their own clean energy. The solar panels installed on your home are American made and come with a 25-year warranty, with many panels expected to last well beyond that.
Please feel free to fill out the form below or contact Power Home Solar at 800-765-2715, and one of our solar representatives will help you determine whether your home qualifies for this program.