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Is financing your solar system a smart idea or not?

Posted by James Bartley on Jul 16, 2019 4:12:26 PM

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Episode4 Is financing a smart investment

00:00                                     Today: Is financing your solar project a smart idea? We're going to do this faster than a baby's bottle gets ready, because we don't want you to get bored.

00:07                                     So, a lot of people don't like solar financing as an idea because they say it's going to take 15, 20 years to pay off. This is true. But the difference is is now you're paying yourself back instead of paying the utility company, because we're going to design your system so that your solar payments are the same as what you were paying in utilities currently in the first year.

00:49                                     After that, moving forward, we know that utility rates are going to do nothing but rise. It's statistically proven. Look in history. So, as they rise, your solar payment doesn't change. It stays the same while utilities go up. So, after year one, you're instantly saving from there on out, and you're paying yourself back. Again, you own your electricity. No different if you were to go back in time, 15, 20 years, and buy a barrel of gas. How much money would you save price per gallon then versus price per gallon now?

01:16                                     Own your electricity, don't rent it.

Topics: Solar 101 Basics