Paying for itself

Payment Options

  • Cash

    Paying cash allows you to immediately lower or eliminate your electric bill, saving you money from the start. Depending on where you live, it may take 5, 10, or 15 years to recover your costs, also known as the payback period.

  • Financed

    Financing can save you up to 30% on your monthly energy costs with $0 or very little money down. Making this one of the easiest ways for people to become energy independent

  • PPA / Lease

    With a PPA, a solar energy system is installed at no cost to you, the rate you will pay for electricity will be fixed for 10 - 20 years, and the leasing company will be responsible for any and all maintenance of your system.

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Example home

At first glance, this home does not look very ideal for solar. The panels have been installed only on the west facing roof section, meaning the morning sun will be missed, in addition, there is plenty of tree shading in the afternoon. Yet, this home is still 100% powered by solar and battery.

This is a 9 kW solar array with 1 Tesla Powerwall battery. The total cost for this system was about $40,000. The federal tax credit brought the net cost down to about $28,000 (30% = $12,000).

The monthly electric bill for this home was approximately $200 per month or $2,400 annually. Which now, thanks to the solar + battery system is $0. Meaning it will take approximately 11 and a half years for this system to pay for itself. But how do you quantify other benefits?

Before this system was installed, this home experienced power outages ranging from an hour to 1 week every few months. This home also sold for approximately $10,000 over market price, in part due to the solar + battery system. Given these factors, you could argue this system paid for itself in 5 years or less.

Other factors that affect payback periods are : local incentives, your existing electric rate, installation costs in your area, the layout of your roof and any shading.

Talk to one of your Energy Consultants to fully understand the costs and benefits of adding solar + battery to your home or business.