Are Solar Panels Worth It?

As solar grows in popularity, more and more homeowners are deciding whether it’s worth purchasing. Some solar companies keep pricing vague, focusing instead on the promise of massive cash savings. These sometimes over-exaggerated promises force homeowners to spend hours researching companies and shopping around for quotes in order to figure if solar is worth their money.

All of this can make the decision to get solar panels a daunting choice for many consumers despite the increase in solar affordability. Installing solar involves a lot of infrastructure considerations, along with legal terminology like solar easements and tax benefits, and on top of all that there are also a variety of purchasing methods.

That’s a lot for a consumer to take in. At Blue Raven Solar, we choose to offer our customers complete transaction transparency. But what does this mean?

Ultimately, we want each customer to feel confident in their solar purchase. We help them gain this confidence but making it easy for them to determine the value of solar with three simple actions:

 

  • Discover why they are going solar
  • Estimate their potential solar savings and cost of the system
  • Provide the best deals available on the solar market

 

 

 

 

Discovering your “Why” for Going Solar

 

The first step we take with homeowners is helping them understand the major benefits of going solar. By exploring possible benefits, it is so much easier for homeowners to determine their “why,” or their main reason for going solar. So, what are some of the main benefits of making the switch?

Monthly Savings 

The first benefit and most common “why” for homeowners is the monthly savings. In our modern day and age, solar companies use software that allows them to design and install a solar system that offsets 100% of their customer’s electricity bill. Thus, a solar system could leave homeowners paying only a small monthly fee to stay connected to the electrical grid.

This savings, depending on your preferences, allows for a lot of flexibility in terms of what to expect. By purchasing solar, the monthly savings on your electricity bill combined with green initiative tax credits gives you the power to decide where your money goes. With a Blue Raven free estimate, we can provide a breakdown of all the available options.

Clean, Renewable Energy

The second benefit of going solar is its environmental impact. Solar panels are one of the most popular types of clean and renewable energy, which is a form of energy that generates power from a source that cannot be depleted. Thus, solar is a form of renewable energy because it relies on light from the sun, and solar energy is clean because it does not give off any harmful carbon emissions.

By installing solar, homeowners no longer depend on coal burning power plants and can start to give back to the environment. In fact, every solar system installed is equivalent to taking two cars (driving more than 150,000 miles each!) off the streets. Going solar because of its green impact is a great reason to go solar!

No More Price Hikes
The third benefit and potential “why” of going solar is the ability to own the electricity that powers your home. Most utility companies control the electricity cost of entire cities and in some cases states. This means that at any given moment, they can bump up the cost of electricity, increasing your monthly bill substantially.

To put this benefit in perspective, over the last 20 years, the price of electricity has gone up by more than 60%. Who’s to say that the increase won’t be the same or even worse in the next 20 years? Thus, going solar is one of the only ways to combat utility companies’ monopoly on the price of power.

Legally Protected Energy

The fourth benefit is a particular term that doesn’t see a lot of media coverage: solar easements. Easements refer to anything that enters or passes through properties. Power cables or sewage pipes are public easements because those pieces of property technically belong to the city or whatever company laid them. They’re still on your property, but the owners of those public lines have certain rights.

Believe it or not, this same thing happens with solar rays as well. With a solar panel, you require sunlight at certain times and certain angles to get your power. If something happens to those angles or exposure (for example, your neighbor plants a tree or a private company builds a tall building), that’s your power they’re messing with. If you own those solar panels, you have a right to that power and can take legal action against that disruption. You call the shots when you own your solar.

Increase the Value of Your Home 

The last benefit worth considering is that solar can increase the value of your home. Solar is a hot commodity among today’s homebuyers. Thus, homeowners who invest in a solar system can increase the overall value of their home anywhere from 1% to 10%.

By considering each of these major solar benefits, homeowners will be able to discover their “why” for going solar and can move to the next step that allows them to determine whether it really is worth their money.

 

 

 

Estimating the Cost and Savings of Solar

 

With a clearer reason to go solar in mind, homeowners will have an easier time determining whether the solar panels are worth their price. At Blue Raven Solar, we know that every homeowner is different. So even if a homeowner has a great reason to go solar, sometimes their situation does not provide a viable way to save money by going solar.

This is why we pre-qualify each of our customers before they start on their solar journey. Some scenarios that prevent homeowners from going solar include:

 

  • Rooftops that do not provide enough sunlight exposure
  • Taxable income that is not high enough to qualify for all of the tax credits
  • Power bills that are simply too low to benefit

We don’t want to sell you on a product that isn’t going to benefit you. With a free estimate, we can help you quickly determine if you fit into any of these categories. If you do, we recommend that you not move forward with solar. By setting this standard, we’ve made sure our customers know what they are getting themselves into before they make any payments.

When a customer passes the pre-qualifying stage, we know they can benefit from going solar. At that point, we ask the homeowner for their latest energy bills to build out an accurate solar proposal. Our proposal team will use a homeowner’s billing information as well as sunlight tracking software to determine how many panels their home will need to offset 100% of their energy bill (or whatever percentage the homeowner desires). With that proposal built out, one of our solar specialists will personally or virtually meet with the homeowner and walk them through the cost, savings, and installation process of going solar with Blue Raven Solar.

If a homeowner has any questions, the solar specialist will answer all of their questions with full transparency. At the end of the meeting, homeowners are left with a physical or digital proposal that details how long it will take to pay off the homeowner’s initial investment.

Typically, the average homeowner will see a return on their investment within 6 to 9 years of installation. If the solar owner decides to finance their panels with a loan, we do our best to make sure that the monthly loan payment is lower than their original electricity bill payment so they are saving from day one of their solar journey. This falls in line with our aim to maximize our customers’ savings and confidence since the overall benefits of ownership vastly outweigh the short-term benefits of leasing.

 

 

 

Considering Ownership Over Leasing

 

There are generally three ways to approach installing solar panels, and we talk in greater detail about each in our article Solar Seems Right For Me. Should I Lease Or Buy?. These three different approaches are:

 

  • Power Purchase Agreement (PPA)
  • Solar Lease
  • Solar Purchase

Plenty of companies will push for whatever deal sells you on their product. They might talk up how leasing saves on up-front costs or how they’ll do all the monitoring for you. But they might avoid mentioning how you don’t get the tax benefits or how their contract installs price escalators to match the increases of normal power companies (and remember how that was one of the key benefits of going solar in the first place?).

A lease also complicates any attempts to move if you desire. Instead of owning property that has solar, you’re instead trying to convince someone to buy your property AND whatever leasing contract you’re under with solar. The equity you gain from owning the system becomes a hassle for you to deal with and you lose out on another key benefit.

At Blue Raven, we encourage ownership. That way you build your home equity and you gain every benefit available to owning solar—but we’re not here to pressure you into a too-big commitment either. We want to make sure you have every resource at your fingertips so that you can make the best decision for you. That’s why we want to consult with you right away at no cost to you.

How Does Our Free Estimate Work?

Any homeowner can access our free estimate page and fill out the basic contact form. All we need from you is your contact information and a representative will reach out with a few questions.

We’ll ask about your location to help determine your property’s solar exposure, as well as your current energy usage to determine exactly how solar saves you money. We’ll then provide you a savings report at zero cost to you.

 

 

Providing the best deals in the industry

 

With an accurate proposal in hand, you should be able to quickly determine if solar panels are worth the time and investment for you and your situation. If you’re not sure or are still on the fence, you’re welcome to take as much time as you need to reflect on your initial “why” for going solar as well as our current promotions.

Unfortunately, this methodology is a rarity within the solar industry as most solar companies try to pressure “on-the-fence” homeowners with unrealistic promises or exaggerated promotions. At Blue Raven Solar, we believe that our no-pressure approach and competitive solar promotions allow homeowners to make a clear decision they’ll be happy with years down the line. So, let’s take a deeper look into our latest promotion.

 

 

 

The BluePower Plus+

As a solar company, we know that not every homeowner has tens of thousands of dollars in disposable income to pay for a solar system, which is why we’ve developed a financing program called BluePower Plus+.

With BluePower Plus+, homeowners can take out a monthly loan that is 5% to 40% less than their current power bill, meaning that they will still save money every month. In addition to these monthly savings, the BluePower Plus+ program also covers a homeowner’s first 18 months of solar loan payments! This way you can start saving cash immediately.

No matter how you pay for your panels, Blue Raven also makes sure that you qualify for local and national incentives like the federal investment tax credit (ITC), which allows homeowners to use 26% of the cost of their solar system as a tax credit for the following year. When you combine all of the offerings that Blue Raven Solar provides, homeowners can save thousands of dollars!

 

 

The Blue Raven Way

 

Determining whether solar is worth it completely depends on a homeowner’s situation. It is our priority to help our customers understand exactly how their current situation connects to solar.  Thus, our number one priority is always the customer, which is why we have over 3,000 5-star reviews across online platforms.

If you’ve had a bad experience with a solar company in the past or are looking to start your solar journey with a company you can trust, Blue Raven Solar is the answer. We’ve spent years perfecting our customer service and prioritize your opinion. We make sure that solar panels will be worth it for every single one of our customers.

You still might not be sure whether solar is worth it for your home or your unique situation. That’s ok! We recommend you start by looking at some more of our solar resources about the cost of going solar, the solar installation process, and more information about our team. You can also request a free solar quote and a solar consultation by filling out an application on our Estimate Your Savings page.

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