The following figures take into account a 7% increase in electric costs per year. The reports I have looked into came up with an increase in electric costs from 5% - 14% per year as averages across the USA. The reports cover different number of years so the averages will vary. The purpose here is not to provide you with an accurate prediction of the future, which is not possible. Instead it is to provide a baseline from which you can compare and decide for yourself.

I will be covering some figures here along with some links for you to see and use for yourself AND my page with "Bobs Solar Savings Chart".

If you are currently spending $50.00/month on your electric bill you will have spent $56,700.00 over the next 30 years. That is taking the 7% increase per year over that period. So would installing solar make sense? Lets take a look at it from paying cash, finance it or lease your solar system.

These figures are based on a current electric bill of $50.00/month and installing an electric solar system to replace the electric usage. Please do not take these as quotes as there are "MANY" factors involved in getting it "RIGHT" for each Solar Savings Project.

The following are the figures:
Without Solar
In 10 years you will have spent approximately $8,300.00 in electric bills.
$24,600.00 in 20 years.
$56,700.00 in 30 years.
Lost
$960.00 estimated property value increase with solar installed.Calculated at an increase in value of $20.00 for every $1.00 invested in solar.
$3,759.00 FED tax incentive 30% of the cost for your solar equipment and installation.
Total $61,419.00 lost over the next 30 years by not installing solar today!

The following are the figures:
With Solar Cost of system is estimated at $8,771.00 (after 30% FED Tax Incentive)
Return On Investment over 30 years:
Paid Cash - Return On Investment $61,419.00
Financed - Return On Investment $38,318.00 at 4.591% annual interest.
Leased - 20 year lease payments at 10% less than current electric bill fixed rate.

Assuming a $1.00 buy out clause on your lease your savings over 30 years would be around $46,770.00.

Your solar savings project "ideally" will address "How do I find out how where energy in my home is escaping and how do I get it handled and how much will it cost?" Answer - Get a professional to answer that in detail. Here is where you will find one in the USA. Home Energy Specialist

Now that you have the facts what are you going to do? If you decide to move forward here are some links that you may find usefull:

Home Energy Audit

Loan Calculator

Solar Bobs Panel Prices

Solar Attic Fans & Ventilators

_________________________________________________________

Lower Your Energy Bill
Locate and Handle Energy Waste
Return On Investment 6 months or less!
Steve Belknap 813-545-9963
Building Performance Auditor
Tampa Bay Florida
________________________________________________________

Lease Your Solar Equipment

_________________________________________________________



Solar Facts - Energy Saving Tips for Your Home

© 2010, 2011 Copyright ask-solar-bob.com. All Rights Reserved.

SBI!