Over the past several months, self-sufficiency and financial soundness has been at the forefront of many minds. Baking, gardening, and investing in home improvements are more important than ever. Here’s why 2020 might be the best year ever for going solar!
Solar is one of the safest and most reliable investments you can make and MOXIE is the best solar company around when it comes to taking advantage of financial incentives and providing professional, long-lasting, and efficient solar panel installs (up to 3X faster than the national average).
Environmental impact aside, here are the top 3 reasons why you should seriously consider going solar.
1. Solar is a solid financial investment with measurable ROI
Folks that have their own solar energy system not only enjoy lower energy bills month-to-month, but they also benefit from putting their money into one of the best and safest long-term investments available. This isn’t like throwing money into the stock market and hoping nothing goes wrong. This is a proven investment and your family will directly benefit every day.
Our team is happy to help you calculate exactly how your solar investment will benefit you. Instead of continuing to pay the utility company for rented energy, invest that money in your home! Once you reach the payoff period for your solar system, positive ROI begins and you’ve essentially got your own supply of free electricity from the sun. Check out this previous MOXIE post to learn more about calculating your long-term savings from solar energy and the cost of NOT going solar.
2. Energy rates are rising
If you look back at your electricity bills over the years, you’ll probably notice that your price per watt rate has consistently gone higher and higher. EnergySage reports that residential energy rates have gone up 15% in the past 10 years alone. And if you read our article that explores the question of “does installing solar still make sense right now?“, you know that experts are predicting even greater electricity rate hikes in the near future. When you install solar, you’ll never have to deal with an unexpected rate increase again. If someone told you back in the ’90s that you could lock in your price for gasoline for the next couple of decades, wouldn’t you have done it?
Also, think about all the natural disasters American’s have unexpectedly faced this summer. From hurricanes in the East to derechos in the Midwest, and fires in the West, it’s obvious that power outages can happen to anyone at any time. If you want to ensure that you and your family have full energy independence when the grid goes down, consider a solar energy system with energy storage batteries. They’re a simple and seamless alternative to gas-powered generators. Read more about how solar and battery backup can help you keep the lights on during a power outage here.
A home with Tesla Powerwall stays powered during grid outage
3. Money-saving solar incentives are set to decrease after 2020
If the above reasons to go solar in 2020 weren’t enough, here’s a big one. The Federal Solar Tax Credit (ITC) is decreasing from 26% to 22% at the end of 2020. To ensure that you can take advantage of the ITC, your solar must be installed by December 31, 2020. Now is a great time to get started. This major savings potential, coupled with the current solar incentives in your state can drastically reduce the overall cost of your system. In addition, most states have a property tax exemption for renewable energy systems. At the same time, Zillow reports that homes with solar energy systems sell for more than 4% higher than those without. Invest in solar and increase the value of your home without having to pay for it in property taxes.
Why NOT go solar?
Now you have the inside scoop on installing solar, what are you waiting for? Contact the experts at MOXIE today to learn what solar will cost and save you in the long-run. It might just be the best thing you do in 2020. Call 855-669-4387 or fill out the free quote form today.