In the quest for sustainable living and energy efficiency, solar energy has emerged as a leading solution. But is solar financing worth it?
In this video Barry Durand, Green Home Systems Commercial Director, breaks down the key factors that determine whether solar financing is worth it for you.
What are the Benefits of Solar Financing?
Solar financing is a home improvement that comes with warranties of 25 or 30 years on their panels. This long-term investment not only contributes to a greener planet but also offers financial benefits. The government provides a tax credit of 30% towards the cost of the system, making solar loans an attractive option with a low monthly rate.
Are Solar Loans A Smart Investment?
Solar loans offer a fixed monthly payment that is often lower than a utility bill, saving money in the long run. It’s akin to locking down the cost of electricity at a certain rate, highlighting the potential savings. The main benefit of a solar loan is the ability to have a fixed monthly cost that does not increase over time.
How Can You Take Control of Your Energy Costs?
When you invest in a solar system, you take money out of the utility company’s pocket and put it into a solar home improvement. You are the one paying for it, not the utility company. With a solar loan, the rate is locked down and will not increase like the bill from the utility company. While solar may not be completely free, it is like getting the money you would have given to the utility company back and using it for your solar home improvement.
The Time to Go Solar is Now
With the benefits of solar financing and the availability of solar loans, homeowners can save money and contribute to a more sustainable future.