One of the most amazing things about solar power is that it offers instant savings starting on Day 1.
Seriously. The moment your panels go up, your monthly electricity spending goes down. There’s no delay.
We’re not joking here.
No matter how much solar energy costs upfront, you end up paying less money (overall) than what you currently pay to the utility company. This is true even if you have to take out a loan from the bank.
But how is this even possible?
How Much Is Your Current Electric Bill? That’s the Real Question
All over the world, grid electricity prices are on the rise. That’s because oil, gas, and coal are all becoming increasingly expensive. It’s a global trend with no end in sight.
Right here in San Diego, we’ve seen these prices skyrocket. In 2013, many homeowners got hit with 40% price hikes. The “lucky” ones saw their rates increase by smaller amounts – 12% or more.
Either way, bills went up. Savings went down. And the actual product itself (i.e. electricity) stayed about the same. There weren’t major improvements in delivery or transmission. Any way you slice it, you’re paying more for the exact same service.
And as mentioned already, 2014 will be worse. And 2015 worse still. The trend won’t stop any time soon. As China and India continue developing their economies, their electricity needs will place upward pressure on global energy prices.
And Then Along Came Solar Energy
When you install solar panels on your rooftop, you’re able to tap into an energy source that consistently remains the same price. The sun never changes its fees – it’s always 100% free.
Sunshine doesn’t cost a dime. But of course, you have to pay for the actual installation (parts and labor).
What kind of costs are we talking about? How much is solar energy for homes in San Diego?
Well – it’s a lot cheaper than you probably think. In fact, it’s cheaper than most Americans think. In a recent survey of homeowners, 97% of respondents overestimated the true cost of going solar – sometimes by as much as $20K over the actual cost.
In a region like San Diego, you can expect to pay anywhere from $7,000 to $15,000 for a brand new installation. The average cost in California hovers around $10,000 – after all applicable tax incentives and rebates have been applied.
Solar Installation Prices If You Don’t Have $10,000 Lying Around?
If you have $10K in disposable income, installing a new solar PV system is as easy as 1-2-3. Just contact us today, and we’ll take care of the rest.
And remember that once your panels are installed, you won’t have any more expenses for the next 25 to 40 years except for routine maintenance and cleaning (both of which are infrequent and cheap).
That’s 25 – 40 years of free electricity. No more utility bills – even as prices continue to go up.
Within 4 to 6 years (on average) your monthly electricity bill savings add up to more than $10K. This is the breakeven point at which your initial $10K investment has fully paid for itself. To read more about the financial payback period of solar energy, click here.
But what if you don’t have $10K handy?
No problem. We’ll help you take out a low interest loan to help you finance your installation. And the best part is, you still enjoy instant savings starting on Day 1.
This is how it works.
Let’s say your current monthly electricity bill is $200.
Well, we’ll structure your bank loan repayments so that you pay $199 or less every month – until the loan is completely paid off. You’re saving at least $1 a month, and once the repayments are finished, you enjoy decades of free electricity with zero fees to the bank or SDG&E.
This is what we mean by instant savings – even if you have to finance your system with a 3rd party loan.
But it gets even better. As we’ll see tomorrow, San Diego offers a special program that makes installing solar panels truly irresistible. Stay tuned for Part 2 of How Much Is Solar Energy for Homes in San Diego?
In the meantime, feel free to contact us with any questions or to schedule a free solar evaluation of your home or business.