Why is Solar Energy More Attractive Now? 

 

A few changes have taken place in the last few years…

  • Electricity Costs are Rising – The Graph below shows that electricity costs continue to rise at a pace of approximately 3% per year.  FPL received will be raising their rates another 3% to 4% on top that!  The cost to produce electricity from solar energy systems is now the same as grid-provided electricity!
  • Equipment Productions Costs Are at an All-Time Low – The manufacturer cost to produce panels and solar energy equipment has dropped dramatically in the last few years.  The graph below shows the production price/watt is close to $0.35 now resulting in the average cost to produce a panel being close to $90!
  • South Florida Building Codes Recognize Solar Energy Systems – Concerns about solar panels flying off during hurricanes are over with as local building codes provide clear installation guidance and permit approval guidance.
  • Climate Change – The Paris Agreement, the Kyoto Protocol, and local and national news continuously highlight the importance of renewable energy as way to reduce impacts of climate change.

Click on images to enlarge

What Are the Benefits of Rooftop Solar Energy

There are some very important benefits that you can start receiving soon after you turn on you system.  Below is a brief explanation of these benefits.  If you still want to get more details on the benefits, visit one of our favorite websites Benefits of Solar Energy maintained by the Union of Concerned Scientists.

  • Drastically Reduce Your Energy Costs

    A rooftop solar energy system can save you thousands of dollars a year!  A typical system (6.2 kW) can save you over $110/month in electricity costs.   The bigger the system you purchase the larger the savings.   The payback period on 6.2 kW system is approximately 6 to 7 years and after paying it back, your return on investment keeps on increasing since you continue to receive free energy and avoid the continual increase in electricity costs.  If you want to get a rough idea of how much you might save per month as your system size changes click on this link Monthly savings vs. system size.

  • Increase Your Property Value

    Your property value actually increases when you install you a rooftop solar energy system.  A 2015 Dept. of Energy study showed that prospective buyers are willing to pay close to $20,000 or more for a house that has a functioning system that reduces electricity costs.  Another way of saying this, is that for every $1.00 a homeowner saves on electricity, the value goes up by $20.00.  Finally, homes with systems typically sell 20% faster than those without a system!

  • Reduce Your Carbon Footprint and Help Stop Global Warming

    A rooftop solar energy system uses renewable solar energy instead of fossil fuels so no CO2 (global warming gas) is released.  A few stats to think about: 5 kW system prevents emission of > 300,000 lbs of CO2, prevents the burning of 27,000 lbs of coal; avoids use of 180,000 gallons of water which is equivalent to almost 400,000 miles driven or almost 3 acres of trees planted.  FPL only generates approximately 2% of it total annual energy production from solar energy and you will get charged for it at their going rates!

  •  Create American Jobs

    As a source of energy, solar power is a job-creating powerhouse. Money invested in solar power creates two to three times more jobs than money invested in coal or natural gas.

  • Provides Energy Security

    No one can go and buy the sun or turn sunlight into a monopoly. Combined with the simplicity of solar panels, this also provides the notable solar power advantage of energy security.

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