Lower your electricity bills
Home solar systems create electricity and lower your utility bill.
Solar is a long-term investment, with savings that can amount to a competitive double-digit return on investment – far better than equivalent investments into stocks or a bank account. An investment in solar will typically return over double its cost in lower electricity bills over your system’s lifetime. That means thousands of dollars of profits for you to save or better spend elsewhere.
With solar, the value of your savings increases with rising electricity prices. In California, for example, electricity prices have risen by 6.7% per annum long-term (see the chart below). This means your savings typically double every 12 years!
In California, the more energy you use, the more you pay per kWh. Solar reduces your most expensive unit of electricity first, so a solar system designed to supply 50% of your demand could actually reduce your utility bill by 60%. The remaining supply you draw from the grid is cheaper electricity.
By generating your own electricity with solar, you reduce your exposure to rapidly accelerating utility costs and increase your financial security.
Tiered pricing increases the value of solar
Increase your property’s value
According to one of the leading mortgage providers in America, saving electricity adds significant value to your home.* They cite a study showing that for every $1,000 saved in annual energy costs, $20,000 is added to the value of the home.
As an example, if you spent $23,000 on a Sungevity solar system today, a system this size might save $1,200 in energy expenses in year one, immediately adding over $24,000 to the resale value of the home - that’s increased resale value equal to 107% of the cost of the solar system.
Millions of homeowners worldwide have now gone solar with the knowledge that if they sell their property, they can resell their solar investment and cash in on the increased value of their property.
*This 20 to 1 ratio was estimated by Appraisal Journal in 1998 and is cited by Wells Fargo. It is justified by the fact that a homeowner with $1,000 less annual operating costs will rationally be able to pay $1,000 more in mortgage expense, making the home $20,000 more affordable.
**Solar compares favorably to other home improvement investments, such as deck additions, kitchen and bathroom renovations, and window replacements, which typically create resale value worth about 75%-100% of the cost, according to the experts at Remodeling Online (www.remodeling.hw.net).
Receive cash and tax rebates
Solar can save you tens of thousands of dollars in electricity bills, and cost less than half that. What’s more, there are great financial incentives to help you go solar.
The California state government – through the California Solar Initiative – is offering significant cash rebates to reduce the cost of solar by thousands of dollars. That’s money you can only access with solar. These rebates will fall over time, so the sooner you decide to go solar, the more money you’ll get back in available rebates.
In addition, the Federal Government currently offers a further $2,000 tax-back for every system bought in 2008.
To make solar simple, easy, and affordable, Sungevity will subsidize the cash rebate, meaning that, with Sungevity, you only have to pay the cost after the rebate – the lower cost. We take care of the processing, to make sure you get all of the savings without the pain of the paperwork.
Give Sungevity a call now at 877.257.8648, or enter your address above, to see exactly what cash incentives are available for you today.
Solar: a secure investment
At Sungevity, we guarantee long-term product performance and customer service.
All our solar panels come with a manufacturer's 25-year warranty to secure your long-term investment. For homeowners in California, Sungevity offers a 10-year installation warranty to add to that security.
The security of an investment in solar
With this warranted performance, a Sungevity solar system will generate utility bill savings every day of every month, every year.
Calculating investment returns from solar
To make going solar easy, you can pay for solar electricity monthly, too. By financing the solar system with your existing mortgage, or with one of our financial solutions, you pay for electricity as you go. This makes solar electricity like utility electricity, except our costs don’t go up with increasing energy costs.
A case study of a solar investment in California