Solar is not new news, but it’s certainly the buzz. Homeowners everywhere hear about solar on the news, in publications, on the radio, billboards, seminars, and an abundance of home advertisements. But what is the real deal with solar? Is it a wise investment? Is it the best time to go solar? It may be hard to determine for most people. Many homeowners have voiced objections to solar. Nevertheless, we think now is the best time. Here are the most common objections to solar, and valid reasons to consider why they aren’t objections at all:
1: I can’t afford to get solar.
The number one objection to going solar is not being able to afford the start-up cost. In actuality the cost of solar has come down 60-70% in less than five years, and is expected to continue decreasing as market demand and competition increase. With an increased consumption of silicone in many industries, particularly the solar industry, the cost of silicone has also gone down as the mining of this material has become more efficient.
Contrary to belief, there is an abundance of solar rebates still available for solar customers. A solar purchase customer is eligible to receive a federal tax credit equal to 30% of their system cost. For some states there are even generous state and utility rebates available. For lease customers, these rebate savings are passed down to you through a low monthly lease. Competition, something a lot of businesses don’t like to talk about, has actually helped our business at Sky High Energy, but most importantly has helped you the homeowner. Competition has stabilized the labor market and has allowed us to provide homeowners with the highest quality level of customer service, professional installation, and solar electric system at the best possible cost in the market.
2: What if I move from the home I have installed solar on?
For lease customers, this is a question that comes about regularly. The average American home changes ownership every 11.9 years according to Chicago Title and Trust Co.’s annual study. Fortunately, most homeowners typically see a return on investment with solar in about 8-12 years.
Moving sooner than 12 years? Not to worry. According to the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy, a solar home will sell twice as fast as a home without solar panels – even in depressed markets. A new study released in April 2011 by the Lawrence Berkley National Laboratory found that solar boosts the resale value of both new and old homes. On average a home solar electric system added about $5.50 per watt to a home’s resale value. (A 6 kilowatt system can add around $30,000 to a home’s value) For lease customers, almost all solar lease options are transferable to new owners. If you or someone who is purchasing your home is qualified to purchase the house, in most cases you/they have already been approved for the lease of the solar electric system.
3: What if I don’t have enough roof space?
On average most homes have enough roof space to accommodate a solar energy system that can cover up to 80% of a home’s energy use. As most companies should, Sky High Energy performs a quality inspection of your roof prior to each installation to ensure the fit of a solar electric system and verify the integrity of your roof prior to installation. If you think your roof is too small or would prefer to have your solar panels placed elsewhere, roof top solar is not your only option. Sky High Energy is experienced in designing and building custom solar structures ranging from patio covering to ground mounted solar arrays.
4: How long will it take me to save money since solar rebates are assumed to be gone?
First off, you may have been misinformed. Fortunately, there is an abundance of solar rebates on the federal and state level, as well as rebates from your utility company for most states. The federal rebate for a solar electric system is 30%. State rebates vary based upon location, but most customers can expect to see a tax credit from their state. The utility incentives you can receive from your electrical company also vary by state, and can be further understood by visiting www.dsireusa.org
5: What if I have little to no tax liability?
For some time now it has been believed that homeowners with little to no tax liability won’t benefit financially as much as homeowners with liability. Fortunately this is not the case. Customers with little to no tax liability can still benefit from the monthly low cost and savings of our several lease programs, including Pre-Paid lease options that offer qualified homeowners the same benefits as a purchase. If you have some, but very little tax liability, the federal rebate can be spread over several years up until 2016, allowing customers to still receive the full 30% over time.
Now that we have addressed the most common objections for homeowners to go solar, and hopefully offered insight into why they shouldn’t be objections, we encourage you, as a homeowner to consider the solar for your home. In choosing an installer, we encourage you to ask questions, understand your investment, and choose a solar provider that guarantees quality service, best price, and professional installations. Our hope is that you find Sky High Energy to be your first choice.