Well, the weather outside may or may not be frightful, but for those who have made the switch to solar this year, the savings are so delightful! We are well into the holiday season, but if you’re anything like me, you’re still on the lookout for the perfect gift for your friends and family. When it comes to gift giving, there’s nothing like a new solar system to really set the bar high for the new year! A new solar installation provides value that the whole family can enjoy, and it really is the gift that keeps on giving. Let’s take a look at what makes solar such a good gift this year, and why it’s such a great investment.
Something to keep in mind as we approach the new year is that we are likely going to see some changes to existing clean energy initiatives in the coming year. With a new administration preparing to enter office, it is quite common to expect policy changes to follow. From our initial analysis, we’re confident that changes are coming to solar energy, and while the value of solar lies largely in elements beyond the incentives provided by the federal government, the incentives surrounding clean energy technology are not likely to remain as strong as they are right now. There is a real potential that things like the Inflation Reduction Act may be adjusted to provide fewer benefits to those looking to incorporate high efficiency technology into their energy plan, and even the Solar Investment Tax Credit could be reduced in value or availability. With so much uncertainty ahead, we’re working hard to ensure that you can focus on your own solar plan, which is why we’re recommending that you give yourself the gift of a great investment sooner than later! Be sure to reach out to one of our expert solar consultants today to learn more.
Up on the Roof
While we don’t suggest trying to wrap and stow a solar system under your tree this year, there has never been a better time to get a team of expert solar installers up on the roof to get your panels in place. When you install a solar system on your home, from the moment that project is up and running your property value is going to increase. Typically, the property value of your home will increase anywhere from $4000 – $6000 per kW of solar generation installed – meaning that larger systems will create increased value! Still, given the cost of solar, that property value increase alone represents an incredible return on your investment.
Ultimately your local housing market will be the deciding factor of just how much a solar system is worth, but all signs point to a solar system adding thousands of dollars of value to your home from the moment it’s installed. If that was all solar had to offer you’d still likely consider adding a system to your home, but the gift of solar just keeps on giving from there!
Keeping the (Tree) Lights On
So, the system alone adds value to your home, but we’re all here for what the system is designed to do – generate power! As your solar system operates, you’ll receive one of the greatest gifts of all – energy independence. With this newfound gift, you’ll be protected from potential outages and price hikes, even as the savings from your energy bill work to pay off your solar system.
Once your payback period is complete? Well, then you’re just raking in savings for you and yours, no payments necessary! With an expected life cycle of 25 years, that’s thousands and thousands of dollars in savings over your initial investment. Want to see what 25 years of savings looks like? Take a look at some of our incredible case studies to learn more about the lifetime value of your solar savings!
Great Financing for a Great Investment
Now, what kind of gift exchange would this be if we didn’t have something exciting to offer you! As you consider the gift of a great investment this year, remember that there are incredible new financing options in the solar space available for those who would like to take advantage of them. What kind of opportunities, you may ask? Well, what if you could install solar today and not pay a dime until after next year? What if you could collect on the incredible 30% solar investment tax credit in 2023 and make your first interest free payment in 2024?
With our Mosaic partnership, we’re proud to offer a 0 down, 0 interest financing option with 12-18 months of runway, if that’s something that would help you break into solar. We want everyone to get a gift this holiday season, and Mosaic financing is helping us make that dream a reality.
Handing Down Traditions
No matter which way you look at it, solar is a great investment this year, and would be an excellent gift to support the ones you love. Remember that by investing in clean, renewable energy, you’re also helping to make next year’s holiday season a little brighter. Solar is the gift that keeps on giving, and if you’re interested in starting your own solar adventure this year, be sure to make some time to talk with one of our solar consultants. They’ll help you give the gift of a great investment this year.
