|Finance or Not to Finance?
WHY SHOULD I BORROW MONEY AND FINANCE THE SYSTEM WHEN
I CAN AFFORD TO PAY FOR IT OUTRIGHT?
Numerous studies have been done, that have shown that to
finance a solar electric energy system is actually one of the best ways
to use borrowed money, and one of the best investments you can make.
That is because after paying for the cost of the money,
commencing day 1 in most cases you are cash positive against the
displaced cost of the electricity you were purchasing, and are making
money each and every month.
As well, over the years the system will be working, you
will essentially earn more per year, as the cost of the financed system
stays the same and the cost of your electricity rises 11.6% annually*.
Lock In Your Electric Rates Now For The Future
Protect yourself from future utility rate increases and
significantly reduce your monthly utility costs indefinitely. A solar
system installed today will produce electricity at a cost of less than
9 cents per kWh over the system's 30+ year expected life. Currently,
Utilities charge 8-13 cents per kWh or more, how high will those rates
be in the next 5, 10, or 20 years?
Now consider the cost of Natural Gas, last year alone it fluctuated
from $.73 to $1.14 ($.41 increase) per therm over the last heating
season. Costing the average homeowner an additional $41.00 a month in
heating. Just about anything that you can do to off set these kind of
cost increases is money well spent.
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* Electric Power Monthly