Just down the road from our office, Robert and Patti made the switch to renewable energy. It was time for them to reduce their monthly electric bills as well as their carbon footprint. Simply Solar provided them with a customized 18 panel, 5.58kW solar panel system that meets 94% of their electricity needs. Their solar roofing installation is estimated to save them roughly $110,000 over the next 25 years as electricity rates continue to rise. As rates continue to rise, Robert & Patti will continue generating the majority of their electricity needs from renewable energy for an estimate 30+ years with their solar system.
Solar provides a number of great benefits to homeowners and business owners alike. Some of the benefits of solar include financial savings, a reduction in your carbon footprint and less reliance on utility companies. The federal government currently has tax credit incentives that are making solar roofing installations more affordable. Another awesome solar incentive is a program offered by PG&E and some other utility companies that allow the selling and buying of energy. This program is often referred to as NEM (Net Energy Metering).
Solar roofing installation also increases a home or business’s property value immediately. Solar panel systems will often increase the property value more than the system was originally worth. Most systems will increase the value by $6,000 times the system’s size. For Robert and Patti, this could mean close to $35,000 in increased property value while they purchased the system at below $15,000 net cost!
Most homeowners are skeptical of solar at the beginning but oftentimes they are not fully aware of all the potential savings; not only the current savings offered but the future savings as electricity rates continue to rise each year. Over the lifetime of a solar system, homeowners see substantial savings and create a cleaner environment for them and generations to come.