Why should I make the investment in solar versus continuing to buy energy from my utility company?
The utility companies are in the business to make money, and with utility rates constantly increasing an average of 3-5% annually, you will continue to pay more each year for your energy costs. As you pay your utility bill, you do not gain equity in an asset. Paying for utility power is equivalent to having an infinite term loan with a variable interest rate, which is always increasing. By putting solar panels on your home or business you essentially create your own utility company to work for you in conjunction with your city’s utility provider. From there a large portion of your energy consumption will be made available to you by your own solar panels. In effect, you are pre-paying for a large portion of your electricity at today’s rates that will supply you with energy over the course of the 25 year warranted lifetime of the system. While the balance of your utility bill will increase at approximately 3% a year, your solar energy is staying at the fixed rate of what you’re buying it
