Over the last decade, solar has grown in popularity among American homeowners. According to the Solar Energies Research Association, the power production from residential solar has increased by more than 66 times in the last decade.

That’s a whole lot of new solar panels! With almost a million homeowners going solar in the last three years, many neighbors, friends, and families are asking: Is now a good time for me to go solar?  Today, we will help you see why 2020 might be the best time ever to go solar!

Competition

With a massive surge in residential solar installations, hundreds of solar companies have popped up in the last couple years. Although this might not be the greatest news for older solar companies, it is great news for homeowners interested in going solar. Increased competition has caused solar system prices to drop drastically, turning an already eco-friendly trend into a viable economic investment.

As the years pass, solar will only become cheaper and more efficient. Although prices have gone down significantly, solar will still cost most homeowners about the price of a new car. Unfortunately, many homeowners are turned off by solar’s large initial price tag and do not give it full consideration.

When a homeowner learns that solar panels can cost $30,000, thoughts like: “Solar is only going to get cheaper in the coming years” or “I will get solar when I have more disposable income” pop into the homeowner’s head. What they don’t realize is that 2020 will be one of the best years to go solar because of increased solar competition, solar incentives, and rising utility bills.

Rising Utility Bills

If federal and state incentives aren’t enough to convince you that solar is worth considering, then let’s take a look at your electricity bill. We know that the last thing that you want to do every month is pay an expensive power bill. Unfortunately, this painful electricity bill is only going to get worse as prices are on the rise. Because utilities companies control major cities and even states, they have no competition and can continue to drive up prices, meaning that homeowners have no way to get around expensive electricity bills.

Over the last 20 years, the price of electricity has already gone up by more than 60 percent. The U.S. Energy Information Agency projects that residential electricity prices will continue to rise by at least 1% each year over the next 5 years. So even if your electricity usage doesn’t increase, your bills are still going to end up being more expensive. Going solar is the best way to combat rising energy bills, because your panels produce energy independent of the price of electricity. If installed properly, your system can cover the majority of your bill throughout the year and even create a surplus of energy during the summer.

By going solar in 2020, homeowners can eliminate electricity bills before a large uptick in pricing. So why wait to go solar?

I Still have my Doubts… Is there Anything Else I Can Do?

If you’ve reached this point and are still thinking you’ll wait to go solar, there is one last piece of advice we can offer. With so many incentives and low pricing, it is obvious that 2020 is a good year to switch to solar. Despite this, we recommend that anyone curious about going solar utilize our free savings estimator.

If solar is a good match for your home and circumstances, we will build out a proposal that will show you an accurate estimate of how much solar can save you. It will also include a custom design of how many panels you will need and where they will be placed on your roof! Even after receiving this savings report you can still opt out without paying a penny.

So now that you know that it isn’t worth waiting on going solar, click the link below and start the process to get a free savings report!