If one of your New Year's resolutions is to save money, then you should know that the higher your average electric bill is, the more you can save. You will enjoy some savings at just about any level, but start seeing real dollars if your bill is at least $150 or more each month. Assuming your roof can accommodate the number of panels that it will take to offset 100% of your energy usage, your payment each month should be 25-45% less than your current average electric bill. That means, if your current bill averages $300, it could drop to about $200 - $210 each month, which would mean more than $1000 that stays in your pocket the first year.
You’ll also benefit from having fixed payments that don’t change during the year, allowing you to budget better. In addition, the payments won’t change for 20 years if you lease with a company like Renova that installs SunPower panels and uses a SunPower lease. So your savings will also increase based on what you would have been paying as electric costs increase.
And the best part? With a lease, you pay nothing for the installation or a down payment. You just start making your system payments once everything is okayed by the utility and you are given PTO, or Permission to Operate.
Is there a catch? No - it is a really good deal! Because there are no moving parts, solar requires very little maintenance and you may decide just to rinse them off yourself once every few months to help ensure they are producing as much power as possible. The other great thing is that with a lease, you will receive a production guarantee, which means if the system produces less than promised, you are compensated for the difference. Credit score at least 650? Explore solar with a free consultation today!