We realize that people have an array of options in which to invest their money. We believe solar energy is one of the best and safest options. Solar Energy is a proven and sustainable technology. When you consider the predictable nature of solar energy and rising electric rates, it becomes clear why solar energy is a great long term investment.
Consider for a moment that you have approximately $15,000 to invest. You could invest it in the stock market, a 401k, mutual fund, or perhaps solar energy.
Option 1: Mutual Fund – You invest your $15,000 into a mutual fund and expect a 6% annual return on investment (ROI). You reinvest all gains back into the mutual fund and at the end of 20 years, your investment would be worth about $48,107.
Option 2: Solar Energy – You invest that $15,000 into a 7 kW solar system, which could be enough to power your entire home. The initial cost would be approximately $21,000, but after the tax credit, your investment would be $15,000. That solar system would produce (or save) about $120 in energy costs per month. These are months that you no longer have to pay the electric utility company. Instead, you put that $120/month into the same mutual fund with a 6% annual ROI. You reinvest all gains back into the mutual fund, and at the end of the same 20 years, your investment would be worth $56,149. This is a 16% better ROI than your initial mutual fund investment. But wait…there’s more! Energy rates have risen and continue to rise about 4% per year. This means the $120/month value of solar energy will increase over time. In fact, over the 20 year term of this investment, you will have saved an additional $11,500 that was never invested into the mutual fund. So the total return on investment would be the $56,149 plus the $11,500 that wasn’t invested = your investment would be worth about $67,649. This is a 40% better ROI than your initial mutual fund investment. On top of the improved financial investment, you have the knowledge that a good portion (or in some cases, all) of your electricity came from a clean, renewable source.
Increased Home Value
New research sponsored by the Department of Energy shows that buyers are willing to pay more for homes with rooftop solar panels. The study, conducted by the Lawrence Berkeley National Laboratory in California, examined sales data for almost 23,000 homes in eight states from 2002 to 2013. About 4,000 of the homes had solar photovoltaic systems, all of them owned (as opposed to being financed through a lease with the solar company). Researchers found that buyers were willing to pay a premium of $15,000 for a home with the average-size solar photovoltaic system (3.6 kilowatts), compared with a similar home without one.