The reason you see solar going up all around you, from your neighbors to big companies like Disney and Wal-Mart, is because solar makes financial sense for most people and businesses. The overwhelming majority of people who get a quote for a residential solar system find that their solar payment is less than their electric bill. Not only that, but utility rates continue to rise and when you make your own power, you are exempt from that. For people who can take advantage of federal tax incentives, the deal gets even sweeter. Why solar makes good money sense:

1) Your solar payment will be less than your average electric bill.

2) Replacing your utility bill with a solar payment protects you from utility rate hikes.

3) In 2021 and 2022, if you pay income tax, you are eligible for a federal tax credit of 26% of the total cost of your system.

4) You’ll lock in a low, predictable payment every month instead of a fluctuating bill.

5) Solar loans currently offer interest rates of less than 1%.

6) At the end of your loan, you won’t pay any more, but your solar system will still make energy.

Some people worry that at the end of their loan they’ll have to replace their solar system. This couldn’t be further than the truth. Most systems have a 25 year warranty, but doesn’t mean they stop making energy at the 25 year mark. (Does your car stop working when the warranty runs out? If it did, all those spammers calling you would be making a killing!) Solar systems lose efficiency slowly over time. However the average solar system lasts 40 years or more, and its benefits get passed on to the next owner if the home changes hands.