Have you made a resolution yet for the New Year?
According to FranklinCovey’s 4th annual New Year’s resolutions survey, “get out of debt or save money” will be Americans’ top resolution this year. Actually, almost 90% of those surveyed plan to treat their bank accounts nicely in 2009, whether that’s sticking to a budget or saving for the future.
Here are 5 ways solar will help you achieve your financial goals for the New Year:
1. Save money on electricity
When you go solar, your monthly bill for electricity will drop right away. Even if you’re paying for solar over time with a solar service or by financing a system purchase, the total amount you’ll spend on solar will likely be less than what you’re paying for electricity today – especially if you’re in a state like California where electricity is expensive.
2. Protect yourself from future electricity rate increases
In California, electricity rates have increased almost 7% per year since 1970. PG&E is bumping up their rates 11% in January of ’09! Solar is the best way to fix your electricity costs for the future so you don’t ever have to see those nasty rate increases again.
3. Make an investment than can only go up
In this economy, if you’re looking for a place to put your money besides your pillowcase, solar can’t be beat. Think about the upfront cost for solar as your “initial investment” – like a deposit in a savings account – and about your electricity savings as the interest you earn. You’ll be impressed that solar will beat out almost every other type of investment, even in a good economy.
4. Increase your home’s value
In a housing market where more homes foreclose every day, adding solar to your home is a great way to actually improve the worth of your home. Read more in Sweet Solar Home’s previous post about solar and home value.
5. Take advantage of Uncle Sam
In addition to the federal tax credit for solar, many of our 50 states have rebates for solar too. California’s solar rebates, in particular, are pretty generous. The bad news is that, as more solar power gets installed, the lower the rebates get. It’s a great reason to go solar sooner rather than later.
Happy saving and Happy New Year – and let us know if we can help you switch to solar!
Are you in California and interested in solar for your home? Call us at 877.SUN.MOJO or visit our website to learn more.
