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Financial Article

A properly designed and sized solar system can eliminate all or most of your annual electricity bill. Learn About Incentives

The higher your average monthly electric bill, and the
higher electricity rates keep climbing, the more advantageous
and economically viable a solar system will be. Solar electric is most profitable if your average electricity bill is over $100 a month, but systems can be designed for any size.

Utility electricity suppliers have rate options that benefit solar users

  • Net metering allows excess solar electricity created to be returned to the utility grid, spinning your meter backwards.
  • Time-of-use metering gives you a premium rate on excess solar created during the daytime and summer months when your panels are most productive.
  • Offsetting even a portion of your electric utility bill with solar can put you in a lower usage tier and gives you a lower rate for electricity purchased from the utility.

Paying for themselves

  • Strong investment rate of returns prove solar electric to be a secure financial investment.
  • Depending on the size of the system, solar electric will pay for itself in 5 to 15 years.
  • The solar panels we install come with a 20 or 25 year warranty, and are estimated to last much longer than that. For example, some solar panels built in the 1960s are still in operation today.
  • A solar electric system will add value to your property, often raising the resale value more than the initial price you paid for the system.

For a more detailed look at the financials of solar for your home click here to download our current article (PDF) by staffmember Michael Bishop.