Three Things to Consider When Going Solar in Georgia: Rising Electricity Costs, Payback Period, Your Home’s Location and Value
Did you know that the state of Georgia receives approximately 217 sunny days per year? That means that solar energy is a perfect option for residents wishing to save on their utility costs! Here are three things to consider before going solar in Georgia.
The first question to ask is what are the future factors that are on the horizon that could affect utility costs. In Georgia, the first thing most residents think of is the Alvin W. Vogtle Electric Generating Plant (AKA Plant Vogtle), a multi-year and multi-billion dollar project led by Georgia Power and it’s partners. This plant is the only nuclear power plant currently being built in the United States and its way over budget. Unfortunately, to cover those costs, utility companies will likely be turning to their customers to make up that difference. Solar and solar storage can help you avoid these rising costs in electric bills by allowing you to produce and store your own power.
Another thing to consider when going solar is the time it will take to recover your initial investment in a solar energy system via the energy savings it produces. This is often called the Payback period. For Georgians, the typical solar payback period is roughly 8-9 years for a system that is accurately sized for your use (compared to Florida's 10 year ROI). This means that in Georgia you will have an end date of approx. 8 years for when you will begin receiving free electricity in your home.
The other factor to think about is your home’s location. If your home is surrounded by forestry and your roof rarely gets sun, it will likely take a longer period of time for you to see any major savings in energy as solar panels need a good amount of sunlight to produce enough energy for you not to have to resort to the grid. However, with adequate sunlight solar can add significant value to your home. On average it can increase your home’s value up to $15,000.00 making it a no-brainer for any smart homeowner.
Remember, a solar energy system qualifies for the federal tax credit that will be fading away prior to 2020 so it’s wise to jump on board now so you can receive all of the incentives possible!!
It’s a good idea to look over your utility bill and see how you can save by making your own energy with solar. While we support producing as much of your own energy as possible, this does not mean you will be totally off the grid, but simply that you will not have to resort to it as heavily and thus save on utility costs.
At CSUSA we would be glad to give you a free consultation and see if solar would be a good fit for you. Give us a call TODAY and see how you can save with solar!!