The savings on an immediate basis Is a challenge. There’re different parts of the country where solar is prominent, and other where it’s not. Regardless, homeowners are accustomed to having a 30-year mortgage or timeline, as opposed to the immediate investment that it would take to add solar to their home. Solar is a 5 - 15 year economic break even which means that there is an additional 15 - 25 years of free on-site electricity and generation. The icing on the cake is that the energy that is produced locally and is money that’s being attributed and benefiting the local community rather than being distributed to countries other than our own.
Gasoline, as a fuel is far more expensive than solar, because solar is a natural energy source from the sun as opposed to money spent on coal and foreign sources of oil. Because we are accustomed to the ever-changing increase of gasoline fluctuation ranging from 20-30% a month, converting to solar and electricity as a fuel in electric vehicles buffers that fluctuation, and reduces the cost of transportation as we know it. Solar and electric vehicles can drop to the equivalent cost of 40 cents per gallon, making it an immediate advantage. Not to mention, within the 25-year warranty period that the solar systems operate in, the systems consistently generate net savings greater than $10,000.
Historically, solar has been restricted to single-family home ownership. And while the utility companies are advancing programs to accommodate solar with apartment dwellers and condominium owners, there’s ongoing lobbying to permit a more direct and greater benefit to renters and owners alike. So, we can expect in the future that the cost drops of home battery storage systems will allow pairing with solar panels to enhance savings and provide better security should outages occur.
In conclusion, solar is no longer an “if” or and unknown benefit. There are clear benefits surrounding solar energy so there’s no reason to wait. The sooner homeowners start the solar process, the sooner savings will occur.
About Creative Solar USA: Creative Solar USA is a Georgia-based, turn-key installer of innovative solar panel systems, dedicated to alternative energy solutions for your home or business. Become a member of the Creative Solar USA community. We're your solar power resource long after the installation is complete because we don't just build PV systems for our clients – we build relationships.