When most people think of solar energy, their first thoughts are likely to be of the environmental
impact. And while switching to solar power can have a dramatic influence on your carbon
footprint, it also offers key economic advantages. Here’s what you need to know.
Installation Costs vs. Long-term Savings
For some, concerns over initial installation costs can make them hesitant to install a solar panel system. However, when you consider the long-term savings associated with solar panels, it becomes clear that these systems are a smart investment. On average, solar panels will pay for themselves within nine to 12 years by reducing your energy costs. This can vary depending on your electricity rate, how much energy your panels generate, and the initial cost of your installation.
Government Incentives and Tax Breaks
The government actively encourages the adoption of solar panels through its solar tax credit program. Businesses can currently receive a 30% investment tax credit to offset the cost of their installation. This will allow your solar panels to “pay for themselves” even sooner!
Real-Life Financial Benefits of Sunrise Solar Customers
At Sunrise Solar, we’ve seen firsthand how a solar panel system that is designed to the needs of the property can deliver big savings. For example, our roof mount system for BMW of Annapolis delivered an estimated $67,188 in first year savings. A much smaller roof mount system for Soltzfus Brothers Construction in Chestertown, Maryland was expected to deliver
108% electricity offset for the business’s use. No matter what you need, our team can find a solution that will help you save.
In a time when energy costs continue to rise, switching to solar power is a strong economic choice. At Sunrise Solar, we’ll design a system that caters to your needs and the layout of your property to maximize its efficiency and economic potential. Contact us today to get started!