The Snowmass Village Solar House by Greenline Architects
Solar power is here to stay! A solar home can drastically reduce or eliminate electric bill payments. In some cases the utility providers are paying homeowners for electricity that is produced beyond what they use. Now that is a different idea isn’t it? The solar industry is booming now. Here are some of the best reasons to go solar today:
- According to the U.S. energy information association and the SEIA, the cost of installing solar on a home has fallen by 50% since 2007.
- Federal tax credits which expire in 2016, allow you to write off up to 30% of the costs.
- If those incentives aren’t enough already, many states offer major incentives which make installing solar a no brainer.
- Many Solar providers are offering zero down lease options. All maintenance is done by the lease provider.
- Most systems pay for themselves in under 5 years and are built to last 25+ years. Big return on investment. (Keep in mind, Americans are paying almost 80% more for electricity than in the year 2000! You can bet prices will continue to rise.)
- Solar Homes have great resale value.
- Independence and Economic Security – Why leave it up to your utility and its’ board to determine what rate you pay? Be free from them or better yet, get them to pay you!
- Energy Security – Be the “solar home” on the block that still has power during a blackout.
- Solar energy is better for the environment. Clean and Safe.
Check out the Solar City savings comparison of solar homes in different states below. Solar City compares savings of a 5-kilowatt system in three places in the U.S. It assumes a system cost of $26,000 to $30,000, this factors in sunlight, federal and local tax incentives, and local utility rates including a 3% annual increase.
In short, whether you buy or lease, you can save a ton of money in utility costs over time. Are you interested in learning how much you can save with solar? Click here to get a free quote.
Savings Over 20 Years: Location: Long Island, New York – moderate sun but high utility rates and incentives.
If you buy the system: $29,662
If if you lease and put $0 down: $14,956
Location: Los Angeles – lots of sun and cheaper utilities.
If you buy the system: $12,576
If if you lease and put $0 down: $10,437
Location: Tucson – plentiful sun but few incentives.
If you buy the system: $54,923
If if you lease and put $0 down: $43,773