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How Solar Can Save You Money?

by | May 25, 2021 | Commercial Solar, Florida & Solar Power, Residential Solar

How Solar Can Save You Money?

As explained in my previous article, the biggest reason homeowners are switching to solar is to save money on their electric bill. 

Yep, going solar is not only beneficial for the environment, it’s also beneficial for your bank account! 

But HOW does solar save you so much money?

To answer that question, let’s take a look at four points that make solar a good investment.

4 Reasons to Invest in Solar

Here are reasons switching to solar can help you save money: 

  1. The price of energy is continually increasing every single year.
  2. The cost of installing solar panels is on the other hand continually falling, as technology is advancing.
  3. Solar panels increase property value.
  4. Once you’ve paid off the original investment for going solar, your energy will be completely free.
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How Much Does it Cost to Go Solar?

The cost of your solar panel installation will depend largely on how much electricity you use, the size of your home, how much sunlight your roof receives in a day, and the material and panels you choose. 

On average, it costs around $13,142 to install a solar system. But the best news is that you will immediately start seeing savings from day one and your ROI will start to increase every single year until at one point you are producing your own, free electricity. 

On top of that, depending on what year you install solar panels, you will qualify for a federal tax credit, which essentially helps you pay off your solar panels even faster, covering between 22 and 26 percent of your total costs!

If you want to know more about going solar, Ensolar offers completely free in-home consultations. As one of Tampa’s most trusted solar advisors, Ensolar will help you design and even finance your solar installation. Call (813) 722-1004

Ricardo SolArticle by:
Ricardo Sol
Senior Editor, Ensolar