Solar Energy and Levelized Costs. You’re Overpaying for Electricity if you aren’t using Solar Power.
Here’s a cost breakdown from one of our recent customers…
- Utility Power Over 30 Years: $38,500
- Solar Power over 30 Years: $16,240
What if you could purchase your energy in bulk for the next 30 years… at the low rate of 5-7 cents per kilowatt hour… would you do it? Your neighbors are…
The Argument for Solar
Every day you use energy. Depending on the mix of your local electric supplier, as a homeowner in Ohio, most of your utility energy supply comes from legacy energy like natural gas and coal. While natural gas was branded as cheap energy in recent years, that cost is ticking upward.
The Cost of Utility Power varies and can range from about $0.13 – $0.18 per kilowatt-hour. That cost has risen annually by 3 – 6%, and due to global conditions, we know the escalation will only continue to increase. Solar power comes in at roughly $0.05 – $0.07 per kWh over the lifetime of the system. As you can see, you could be getting your energy at a lower rate when you switch to solar power.
Financing has made solar accessible to even more homeowners in recent years, and we proudly offer $0 Down Financing.
Solar is an investment unlike any other because it has a guaranteed return. First, you’re guaranteed to pay monthly for electricity. Second, the systems are warrantied for 25 years, often lasting well beyond that. On average, our homeowners see a 10% annual return. While this number is close to stock market returns over the past ten years, it’s a guaranteed return and levelized risk factor in your investment. Solar is certain, whereas pandemics, geopolitical instability, inflation, and so on can increase market volatility and make the market even less reliable.
Gain more control over future expenses by fixing your rate, all while you increase the value of your home. Purchasing brown energy from your utility is a 100% guarantee of no return on investment. When you go solar, you increase your home value by 4%.
When we look into the future, we know that legacy brown electricity will only become more costly to consumers due to supply shortages, grid upgrades, and natural disasters. Going solar today is the best way to hedge against the rising cost of electricity.