Solar Energy Investment. Engineered.
The following is from a Wells Fargo newsletter: News & Tips
"If your electricity bill is over $100 a month, a solar system—financed with tax-advantaged home equity funds—could start paying for itself immediately."
Instead of paying the utility company every month you'll be paying down your home equity account & rebuilding your equity.
And that's not the only financial advantage. When it comes to home value, a solar system may be your best "remodel" option.
Based on a recent study by ICF Consultying (funded by HUD & the EPA) energy saving measures such as solar add $20 of home value for every $1 of yearly energy cost savings.
That makes an already bright idea really shine.
The chart to the left shows the expected benefits of adding a solar improvement to your home.
The 25 Year Lifecycle Cost/Benefit Analysis chart compares your 'out-of-pocket' expenses including system cost and maintenance to the lifetime benefit of the system in terms of energy savings.
As you can see, the initial outlay for the system is minimal compared to the value in energy savings over a 25 year period. It's not unusual for a solar improvement to pay for itself five to seven times over the panels' warranty period.
This graph does not take home value gains into account. Increases in home value would be in addition to the dollars shown here.
