Most people have noticed the incremental price increases in just about everything they buy–gas, food, entertainment events, and more. In addition to these things, another important product that we use in almost all aspects of our lives is also becoming increasingly more expensive. Phoenix solar experts state that electrical energy is a “product” that has increased in price annually at a national average of about 6 to 7 percent per year.
No Energy Rates Hikes – Locked In Energy Rates
Arizona solar energy officials believe that one of the main perks of having solar panels is that your energy rates become locked in. Quality mono-silicon solar panels have 25 year warranties, which means that your energy rates will be locked in for at least 25 years. Phoenix solar authorities point out that this also means that you will save more and more money on electric bills per year because your rates are locked in while others will rise annually.
High ROI Product
Solar panels are actually a great investment. Outside of the initial payment, there are virtually no other fees–plus, no monthly energy bills, taxes, or hidden fees from the electric companies. You begin paying them off immediately. Phoenix solar experts state that the ROI for solar panels is actually higher than that of most bonds, equity, savings and money market accounts.
Sell Homes Faster & For More Money
The addition of solar panels to a home increases property value by 15 to 20 percent, according to Phoenix solar authorities. Not only is your home worth more but today’s modern home buyers actually go out of their way to find green and energy efficient homes. Studies show that homes will solar panels sell twice as fast and that home buyers pay substantially more for homes with solar panels. Along with this, Phoenix solar experts state that energy Efficient Mortgages create more buying power for interested buyers as they can be up to $20,000 more than a loan for a non-solar powered home.