How much will it cost to go solar?
This is the first question that is asked when people inquire about going solar. What is this going to cost me to go solar?
Installing a solar array isn’t for everyone. There are several key conditions that need to be met, ensuring that the homeowner gets a good return on their investment. For most people, the decision to go solar is a financial one, and for good reason – in most cases, installing a solar array can save homeowners tens of thousands of dollars in electricity costs over the 30+year lifespan of their solar panels. As much as the benefits of solar are touted, it is important to know about the cost of solar.
These days, the average solar panel system can cost between $25,000 to $30,000 prior to incentives. It sounds like a lot of money, and it is…. BUT…just looking at the price tag for such an installation doesn’t give you all of the information on the actual cost to you.
For example, look at your power bill right now. Compare spending $25,000 for a solar array to a power bill of $180 per month. That same power bill costs you $2160 per year. Multiply that by just 10 years and you have spent $21,600 on electricity, not even counting the inevitable price increases for electric over the years. Over a 30-year span, that ends up being $64,800. Well, compare that to the price tag of a solar installation. Which one sounds better?
Of course, that does not even include any incentives and rebates that may be available for this. Let’s not forget the 26% ITC (Investment Tax Credit) that is currently available for this. And it does not include the increase in your home value, nor does it include the increases in the cost of the electricity in future years. All of these must be taken into consideration when making such an investment.
So, in order to ensure that you get a maximum return on your investment, you should work with a quality solar installation company, like OGW Energy Resources. We provide our clients with quality, turnkey services and will work with you, hand in hand, every step of the way, because we are together in this process. OGW Energy Resources only uses quality products that have been tested for efficiency and quality, from companies we know will be around to cover any warranties they offer. And finally, OGW is one of the oldest renewable energy companies in the Midwest, mostly because we take pride in maintaining a good reputation and relationship with our clients. We believe our customers deserve the best in quality and in services and we strive to provide this.
OGW Energy Resources is always available to answer any questions or address any difficulties you may encounter. We believe it is important to make sure you have the most accurate information and the highest quality products offered.