Professional Electrical Services, Inc.
Debary (Home Office)386-668-4222
Orlando Office 321-356-0249
How can solar be considered as an investment? Solar panels can be analyzed as an investment because they are guaranteed to last 25 years or more and you can mathematically determine there output and performance. What is my expected return on investment? (ROI) While the economics of solar panels requires an initial cash investment (they can also be financed), they provide an ROI of 10 to 25%, depending on where you live and the rebates and tax incentives that are available. An additional financial benefit of solar panels is the increase in value they provide for your home. The typical improvement in home value is figured at about $20 for every $1 saved in electricity cost. Thus, if you install a 5 kilowatt system that saves just $1400 in electricity cost per year, you can add about $28,000 to the value of your home. Of course, this is a negotiated amount, but there is a strong argument for the increased value: any new owner would benefit from the lower electricity costs. According to this analysis, the value of your home increases by an amount that far exceeds the cost of the solar panels after rebates and tax credits. On top of that, you earn an additional 10-25% return. Please keep in mind that we have yet to figure in the annual increases that are levied by your Power Company. (Please click here to see a 10 year history of your power Companies increases,) This would make your ROI grow exponentially. These two factors make investing in solar one of the safest and smartest financial decisions you could possibly make in this or any economy.
Capturing the power of the sun
Turning Solar Into Profits