solar makes great financial sense
The math is actually pretty simple. In most cases, if your monthly electric bill is estimated to be more than $100, you could save money every month with a Sharp solar electric system. Even if you finance the cost of your system, the loan payment plus your new, lower electric bill will usually be less than your previous statement. This means your savings start immediately, and your system will eventually pay for itself.
Some homeowners may even earn back two to three times the cost. A lower electric bill and a system that pays for itself are just two reasons why solar is a smart investment.
See how much money you may save with Sharp solar technology installed in your home. Get the savings!
The Brilliant Financial Benefits of Going Solar
Here's what you can expect when you choose to go solar:
Savings every month. A Sharp solar electric system powers your home so you can use considerably less electricity from the public utility.
State rebates and federal tax credits. Your state's public utility rebates and the federal government's tax credits can help pay for a substantial percentage of your system and installation.
Solar gives you protection against electricity rate hikes. Imagine that you had been able to lock in automobile gas prices in 2004. You’d be paying less than $2 a gallon not only today, but also for decades to come. With every gas price increase, you’d be saving even more money. That’s exactly what you’re doing with the cost of electricity when you install a solar electric system.
Because solar installation is a fixed cost, savings increase as utility rates rise. Essentially, you’re building in a hedge against future rate increases. And rising utility rates are definitely something you can count on, especially considering that they've gone up faster than inflation for the past 30 years. In 2006, some states saw the highest tier residential rates jump as much as 55% in just one year.
Solar increases the value of your home. A solar electric system can increase a home's value by reducing its annual operating costs.
Solar offers you energy independence. By switching to solar electricity, we can help alleviate our dependence on foreign sources of energy. Solar electricity is used where it is made, so there are no transportation or delivery costs. Solar electricity's price stability is also independent of the effects of natural disasters, foreign political instability or trade disputes. The supply chain extends simply from the sun to your roof.
Your utility meter spins backwards with Net Metering. Net metering is available in nearly every state including the District of Columbia and Puerto Rico to help increase your savings. With net metering, your electric meter tracks your net power usage, spinning forwards when you use electricity from the utility, and backwards when your system is generating more electricity than you need. Your local utility or www.dsireusa.org can fill you in on specific details of the net metering program in your area.
Solar Comes With Big Financial Incentives
Federal tax credits and public utility rebates when available can help pay for a substantial percentage of your system and installation. Depending on where you live, there may be additional incentives available from your state government. Your independent Sharp certified installer can explain what savings are available to make your system even more affordable. For rebate information in your state, visit the Database of State Incentives for Renewables and Efficiency at www.dsireusa.org.