What could your solar savings be this year? As we venture forth into the endless promise of a new year, it’s important to set yourself up for success. What do you want to accomplish in 2023? What do you need to do to achieve those goals? And perhaps most importantly, can you afford to achieve them? Well, you can give yourself an early present this year and set yourself up for success with a great solar investment. By the end of 2023, you’ll be able to look back on this moment and see just what one year of a solar investment enabled you to save.
Solar is a long term investment, and as we’ve demonstrated in numerous case studies, it becomes increasingly lucrative over the lifetime of your system. In a year you’ll already be able to see the solar difference, but in 25? You’ll be looking at tens to hundreds of thousands of dollars in savings, depending on what your current usage looks like. Plus, when it comes to solar savings, you can’t overlook the impact of price hikes on energy prices. Energy gets more expensive every day, but a solar system essentially locks in your power prices forever - you’re insulated from market instability, and set to generate your own clean, renewable energy!
Let’s explore three key areas where you’ll be able to achieve incredible solar savings by investing in solar today.
The Countdown to NEM 3.0
In case you hadn’t heard the news, the current Net Energy Metering agreement, NEM 2.0, is set to end on April 13th, 2023. Going forward, new applications will be handled by NEM 3.0, an agreement which solar companies fought hard to make as customer-friendly as possible. Still, we advise that those who are interested in solar take advantage of the current NEM 2.0 agreement, which is still accessible for the next few months. If you need help keeping track of the countdown to NEM 3.0, we've put together a page that should help!
The added value of the current agreement is too good to pass up, so if you’re on the fence about when to make the switch, now is the time to act. This limited window won’t last forever, and once April 13th rolls around, customers will no longer have a choice between agreements. Either way, solar will save you thousands of dollars over grid supplied energy, but our advice is to make the most of the opportunity provided by the current agreement.
Solar Savings - Month Over Month!
Monthly savings are the meat and potatoes of a solar investment - every month after you invest in solar, you’re going to see the value of your system in that energy bill. We’ve worked with customers who have a wide range of monthly usage, from the $100 - $200 a month range all the way up to $700 monthly. Your energy bill has likely become one of the larger monthly bills you pay, and many California residents have experienced this energy bill inflation over the last ten years. Energy rates have been climbing steadily for years now, and PG&E has spent the last year especially hiking up rates for their customers.
With constant rate hikes and continuing market volatility, your energy expenses can be difficult to plan around, let alone the sheer impact of the cost of power. With a solar installation, you can take care of that issue, and turn your endless energy bills into a finite payment for a solar system. Your payments for the installation will be significantly lower than your current energy bill, and once you’re done paying off the system, you will be left with years of reduced energy bills. As you work with a consultant to size the system, you’ll be able to decide how best to cover your energy usage, and with a battery as the cherry on top, you’ll be able to achieve independence from the energy grid. Just look to our case studies for countless examples of the monthly, yearly, and lifetime savings of our solar customers - the numbers speak for themselves!
Increase Your Property Value
Often an overlooked element of the value of solar is the property value increase that comes with the installation. From the moment that system is installed on your roof, the value of your home is set to increase, to the tune of $4000 - $6000 per kW of solar generation. This naturally varies by market, but this value tends to hold true across California, with no sign of reducing. That value is part of the core strength of a solar investment - while actively providing a return on your investment in monthly savings, the installation also passively increases the value of your home. If and when it comes time to sell your property, you’ll be able to realize the value of that investment.
Just think what it would be like to have paid off an investment that will return you thousands of dollars just for being on your property. Plus, all of this discussion of value assumes that you’ll be paying for your system immediately and in full, which we’re happy to inform you will not be the case. First, consider that the newly increased federal tax credit will cover 30% of the cost of the installation, so you’re already getting the full value of solar for only a portion of the cost. On top of that, partnering with Simply Solar on an installation gives you access to industry defining financing options through our Mosaic partnership. With their support, we’re able to offer solar for zero money down, with no payments and no interest for 12 to 18 months. With a financing option like this, you’ll be able to collect your 30% tax credit before you make your first payment!
No matter how you slice it, solar is an incredible investment. Solar savings are just one call away, and the earlier you sign up for a free consultation, the more likely you’ll be able to take advantage of time sensitive elements like NEM 2.0. To get started on your very own solar project, make some time with our expert consultants today!
