Wondering how solar can actually save you money? This video breaks it down with a simple visual that shows how it works. Trust us, you’ll want to see how easy it is to lock in savings. Check it out now!
Video Transcription
Speaker 1: So we had a lot of people coming to us knowing that they can save money with solar, but aren't exactly sure how that works. So my objective is to explain how that works with the help of a little visual aid. So let's assume that you're paying roughly $80 a month for your current energy bill. That is going to continue to increase every year a little bit as utility rates continue to increase 'cause that's just what they do. Instead, if you were to go solar, and typically we we'll try to get that to where it's about what you're currently paying on a monthly basis. So for this scenario, we're just gonna call it $83 a month, but that's locked in for the life of a the loan. So when that life of a loan matures, you got maybe five, 10, 15, 20 years. Everything from here on, that's a mean potato topping, baby. That's the gravy. So, eat up.
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Q&A
How does solar help in saving money on energy bills?
Solar helps save money by locking in your monthly payment at a fixed rate, which can be comparable to or slightly higher than your current energy bill. Over time, as utility rates increase, your fixed solar payment remains constant, resulting in long-term savings.
What happens to energy costs if you switch to solar?
If you switch to solar, your energy costs become predictable and fixed for the term of the loan, which can be 5, 10, 15, or 20 years. After the loan is paid off, you continue to benefit from free energy, leading to additional savings.
How does the cost of solar compare to current utility rates?
The cost of solar is typically set to be close to your current monthly energy bill. This rate remains fixed for the duration of the loan, while utility rates generally increase over time.
What is the long-term financial benefit of installing solar panels?
The long-term financial benefit of installing solar panels includes saving on energy costs with a fixed monthly payment and ultimately enjoying free energy after the loan term ends, leading to significant savings over time.
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