Get A Solar Return On Investment

In the stock market, investment, and return expectation is the primary action and motivation. Although the stock market has not flowed in a straight line, over time the returns it has produced has been surprisingly consistent. Over longer periods of time, the major indexes have produced annualized total returns of 9%-10%, varying slightly depending on the precise time period you're looking at.

What Is ROI?

The world of investment and solar comes with a lot of industry-specific terminologies.  Let's get informed on some.  So, in the world of investment, we sometimes hear the acronym ROI thrown around.  This means, return on investment.  It's an important thing to consider each time we are going to put our money to something where there is a money back potential.  In the case of solar panel purchasing, there is an opportunity for ROI.  However,  discerning the solar panel expense of a solar installation is merely the first step. Next is reviewing the solar panels cost as an investment. What is your possible return on investment (ROI)?

Calculating ROI For Solar

You can discover ROI a few different ways. A traditional approach is by computing payback. What did the solar panel system installation get for you? And, what's the quantity will you save each pay period on your utility costs by using solar panels? All questions taken together, these two calculations show how quickly your savings will stretch toward your initial expenses. Those calculations are interrelated and contingent on location. Electricity rates shift by region, they’re higher in the different segments of the country, based on supply and demand. Solar tends to be more cost-effective where energy prices are in alignment.

Also, something to consider in whole is that metering can also perform a meaningful role in these calculations. In states where net metering is operating, customers can sell the excess solar energy they create back to their local utility. That diminishes their electricity bill, reducing their payback period and increasing their expense savings.  

The right message is that there are numerous web resources to assist customers with these calculations. And, to federal and state government sites, utilities, industry associations, and solar power firms also possess useful online solar calculators. Like ours here at HahaSmart.  Our pricing tool is beneficial for determining costs and how much you could save by making the switch to solar today!  Don't be the only neighbor in your neighborhood who isn't installing some great priced solar panels today!  There are many deals and government incentives to be found, we are here to help you!  Get in touch!