Going solar has been never to easy before, thanks to so many contractors, cheaper installations and availability of solar panels. In Toronto, a team of independent solar installers Toronto will help you sort through your options. You can visit Solar Brokers to see how much you can save, and for all other solar questions.
Here are some of the many benefits of going solar.
Significant amount of saving per month
According to One Block Off the Grid, adding solar panels to your home can bring in monthly savings of well above $100 in many states. Extend this to two decades, less than the length of a typical solar panel warranty, and this translates to over $30,000. In Hawaii, residents save on average $64,000 the first 20 years!
Saving starts from the first day
Many homeowners choose to finance their solar panels with one of the “pay-as-you-go” financing options. This means that a third-party company – the solar provider – owns the solar system and takes care of installation, maintenance, monitoring and repairs. You simply pay the solar provider for electricity – less than you would`ve paid the utility company.
Payback is quite low
If you choose to pay in cash, the payback period is in many cases less than ten years. In Hawaii, it takes homeowners on average 5 years before the monthly savings (in terms of lower electricity costs) meets the total costs of the solar system.
Your house-price will increase
Buying a home with solar panels translates into lower electricity costs. Solar panels will increase a home`s attractiveness on the market, similarly to homes with low property taxes, homes in school districts and homes with good Home Energy Ratings (a measurement of a energy efficiency).
You can get incentives too
Combine this with state and local rebates, Solar Renewable Energy Credits (SRECs), and total costs can be cut in half. Take advantage of incentives while they last.
Logical and measurable investment
With solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price, for at least the next 20 years (fixed energy costs).
Performance guaranteed
Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years. The real lifespan of solar panels is much longer – your solar panels will likely generate a good amount of electricity 30-40 years down the line.
Eco-friendly solution
We know that the majority of homeowners choose to go solar because it makes good sense from a financial point of view. That being said, the environmental benefits are also clearly worth mentioning.
Save and preserve other resources
We will inevitably run out of oil, coal and natural gas. While we continue our consumption of these increasingly expensive and dangerous energy source, our national security and economy suffers.
It’s quite easy now
Shopping for solar used to be a long and complicated process. There are hundreds of home solar power contractors in Canada alone. It wouldn’t take you weeks to find the best solar deal.