Be Your Own Power Company: Buy Solar
Stop paying a power company and put more money in your pocket with an investment in solar panels by Get Solar. Advanced technology, converters, and solar panel options means that you can get a return on your solar power investment in as little as 7 years. Taking advantage of federal tax credits makes buying solar panels for your Las Vegas home more attractive than ever.
Now is the right time to stop paying too much for electricity and start saving money every month. At Get Solar we are the most trusted source of solar in Las Vegas, offering solutions for every budget, and every need, helping you gain energy independence and cut your ties with our local power company.
Top Reasons To Buy Solar For Your Home
- Solar Power is Green Energy
- Have Power Independence
- Increase The Value Of Your Home
- Reduce or Eliminate Your Power Bills
Gain Freedom From Rising Energy Rates
The return on investment when you buy solar arrays for your home is currently about 10 years if the rates and your energy usage remained the same over that period of time. As we all know this just isn’t the case. Energy costs continue to rise. When you combine the rising rates with the tax incentives the adjusted buy back period is closer to 7 years. Meanwhile your clean energy production may continue for well over 25 years, and with advanced systems and maintenance continue to work for up to 40 years. This offers a net of over 30 years of freedom from paying electric bills with an investment in this powerful renewable resource.
Consider the cost of the kilowatt hour you are paying for today. Over several years or decades the cost for the same kilowatt hour may increase multiple times over. You’re not using more energy, you’re just paying more for the same energy you are using.
It’s no wonder that homeowners choose to buy solar, whether they can afford it outright or take out a financing option like a loan.
Buying Solar: Paying In Full vs Taking Out A Loan
The path you take to buy solar may include a loan for part or all of the system. with buy back happening in as little as 7 years that frees up a lot to decrease the accrued interest on the principle. At the same time, if you plan on moving in less time that it takes to get the benefits of owning a system, opting for a solar lease may provide you the financial independence you look for without the longer buy back timeline.
On average, solar loans last about 20 years, although some are available for short periods of time. Considering the average payback period for people who own solar panels is seven to 10 years, owning is ultimately the better way to save money.
Buy Solar With Cash
Paying for solar panels with cash is an upfront expense, however it is ultimately the lowest cost way to purchase and the fastest way to benefit from buying solar panels. That’s because when you buy solar panels with cash, you will not accrue interest or need to make payments. Rather than beginning a “payment plan” you instantly save money on your monthly utility bills. Without hidden fees or fine print, you can have full knowledge over how much the solar panels cost.
Buy Solar With A Home Equity Loan
If you want to finance the purchase of solar panels, a home equity loan may be a way to get the lowest interest rate. Also known as a HELOC, you first need to have equity in your home. Then, you will work with a lender to work out the terms and conditions. Once you are approved for a HELOC, you can purchase the solar panels upfront and then pay the HELOC back through the lender or the third party to whom they’ve sold the loan.
Buy Solar With A Loan
With a solar loan, you can still be eligible for rebates and incentives associated with purchasing solar panels—while spacing out the payments through the terms of the loan. As with any loan, you will be charged interest over the course of the loan term. Paying down the principle by making additional payments early can reduce the accrued interest over the course of the loan.
That means you will ultimately end up spending more than the upfront cash rate for the solar panel. The difference between getting a solar loan and using a solar lease is that, with a loan, you own the system. If you are interested in a solar loan, you will need to shop around for the best rates and terms.
Is Solar Right For You?
With so many options, sometimes buying a system isn’t the right fit for you, right now. Buying a solar array for your home means money out of your pocket and it could be years before you realize savings. Other options such as a a solar lease or power purchase agreement. can mean that you have instant access to green, renewable energy, and save money now. Let’s see what system is the best fit for you. Begin by completing the FREE Solar Assessment below and get started with our transparent process designed to help you save more, faster than any other solar provider or power company in Nevada.
Take the 5 Minute Assessment By Completing the Form Below
