What Returns can I earn on my solar investment?
This has to be one of the most frequently asked questions that keep coming up when we sit with family, friends, and clients. Even though we want and need to save the planet we also want and need to save money. And it’s true In many ways, your solar power system is a financial product – one that is capable of generating annual returns ranging anywhere from 10 percent to more than 30 percent. The average EnergySage shopper pays off their solar purchase in just seven to eight years and earns a strong solar ROI, receiving free electricity for the remainder of their solar panel system’s 25+ year lifespan. Making solar panels a better investment than a luxury car that looses money being driven off the dealer lot.
You can calculate your annual returns by dividing the financial benefits you receive each year from your initial investment in your solar power system. Many factors can impact your solar panel ROI, including:
Getting a good price on your solar energy system is key to maximizing your financial benefits. The best way to find the right combination of price and quality for your needs is to visit our website and request a free no hassle 40 min consultation with one of our knowledgeable Reps.
Earn a great solar panel return on investment
While the ROI earned through investing in solar panels is different than the returns from investing in stocks, bonds, or your next vehicle solar panels offer many superior characteristics that make them strong contenders for inclusion in your overall investment strategy, including:
One very important difference
There is one very important difference between solar panel loans and other home improvement loans: a solar panel loan allows you to own an asset that generates significant financial value. This includes both the value of electricity generated by the solar panel system over its lifespan and the 30% federal investment tax credit and other applicable rebates and incentives like solar renewable energy certificates (SRECs). While a new kitchen or deck is a nice addition to your home, they do not offer the same type of financial benefits.
Contact us at Eco Solar Home Improvement to learn more about these terms, or to schedule your free energy assessment. We’re here to help you through education and an honest approach to customer service.