The Following Article Is A Re-Post From US Solar Report Titled:
A power bill is a free investment because the money is being spent every month regardless. So why not invest the money instead of throwing it away? The reason why people buy a home is that when they’re paying rent they don’t receive a return on investment. If you rent a home the landlord gets the return on the investment but if you own it you get the ROI. The bottom line is Floridians Can Turn Their Power Bill Into An Investment.
Paying A Monthly Power Bill Is The Same As Renting Electricity
The exact same philosophy applies to a power bill as to buying a home, when you’re paying rent instead of owning it. At no point with the power company do you own anything which is the same as paying rent?
It’s now perfectly legal to buy your own power plant because that’s exactly what home solar is. You might hear home solar is expensive and that it doesn’t really pay-off very well for the size of the investment.
A house is expensive, but it’s a relative value compared to what it would cost to rent. That’s exactly what home solar is, relative to what renting electricity costs, owning it is profitable.
Home solar is very profitable in the long or short term now as compared to just two years ago. Buying a home solar system or buying a house as an investment requires not overpaying to receive a good return on investment.
Solar Companies Have Damaged The Reputation of Home Solar
The biggest reason why people have a hard time understanding solar is investment is because of other homeowners that overpaid for their system. Unfortunate is it may be, many solar companies put people in bad deals because the customers trusted them. This scenario is identical to paying too much for a home, many do not make money from owning a home because they overpaid for the home. That doesn’t stop other people from buying a home because they want an investment instead of rent. They do their homework, buy at the right price and make money in the long haul.
The Key To Any Profitable Investment Is Buying Right
When you buy a stock as an investment there are no guarantee that it’s a good investment. So it’s imperative to pay a low price for the stock and sell it at a high price to call it a profitable investment. Whether it’s a house, a stock or a solar system you can make a profit if you buy right!
Here are the raw numbers of what happens if you buy a solar system to make a profit. I am using the production numbers but keep in mind there is additional savings in taxes. Solar electricity production is tax-exempt, unlike the power companies electricity.
The Break-Even Point Is When The System Has Been Paid for Using The Power Company’s Money As An Investment ( Tax Credits Lower The Cost of a System 26% in 2020 or 22% in 2021)
A Power Bill Is A Free Investment: Explained In Easy To Understand Charts Below
This Chart Is When You Pay Full Retail Cost for a Home Solar System (Observe How Much Savings There Is After A Tax Credit)
|System Size||Retail Cost||Tax Credit||Net Cost||Production|
(Monthly Power Bill)
|7K Solar System||$26,500||$6,760||$19,740||$140 a Month in power||11.75 Years|
|9K Solar System||$32,500||$8,450||$24,050||$180 a Month in power||11.25 Years|
|11.7K Solar System||$42,000||$10,920||$31,080||$230 a Month in power||11.25 Years|
This Chart Is When You Pay Wholesale Cost for a Home Solar System (Observe How Much Savings There Is After A Tax Credit)
|System Size||Wholesale Cost||Tax Credits||Net Cost||Production (Monthly Power Bill)||Break-Even Point|
|7K Solar System||$16,500||$4,290||$12,210||$140 a Month in power||7.20 Years|
|9K Solar System||$22,500||$5,850||$16650||$180 a Month in power||7.70 Years|
|11.7K Solar System||$30,000||$7,800||$22,200||$230 a Month in power||8.00 Years|
So Can Floridians Can Turn Their Power Bill Into An Investment?
Now There’s a Better Way To Go Solar
“Your Solar Advocate ” comes in to play because it’s a revolutionary idea for the solar industry. The reasons are as follows, an advocate is the same as an attorney in the sense that they only represent your best interests. They are home solar consulting experts that know the laws and rules. Provide guidance for buying the panels and equipment for the same cost as a solar company pays. Provide guidance in the hiring of the very best licensed and insured contractors for the same cost as a solar company pays. In the end, you don’t have to be an expert to get expert pricing!
This is a foolproof system because it saves the homeowner a small fortune but the installers and suppliers still get the business. “Your Solar Advocate ” is a win-win idea all the way around! Our average fee for this expertise is $1200 total but removes almost $10,000 when buying wholesale versus retail. The solar companies make a huge profit stealing your profits on the front end of every deal. “Your Solar Advocate “ keeps the money in your pocket where it belongs. It’s your home, it’s your money it should be your profits!