Is solar electricity really cost-effective?
It depends on a number of factors but frequently YES. With decreasing costs, the systems are becoming more attractive for a larger segment of the population. In fact, in many cases a solar system can provide returns higher than the stock market average. Empire Solar Solutions can look at your specific situation and estimate what your return on investment will be and how much you will save over the life of the system. Click here for a free consultation. The economic attractiveness of the system is tied to what future utility rates will be. This is difficult to predict but historically rates have increased 5.5% annually since 1970.
Yes. Your solar electric system will supply you with electricity, which will cost you less than the rates you currently pay. During the course of its 30-year lifetime, a solar electric system is a great investment. It is a low-risk, high-return investment that is very competitive with other types of investments like stocks, bonds and real property – and perhaps safer in this economy. Nova West Solar can look at your specific situation and calculate with exact precision the amount of your return on investment and how much you will save during the next 3 decades.
