The Solar Proposition: Understanding the Benefits of Solar Power
As the world becomes more environmentally conscious, many people are turning to renewable energy sources, such as solar energy. Solar panels have become increasingly popular, but not all homeowners in San Antonio understand the true benefits of solar energy. In this article, we will explore the solar proposition in a simple and easy-to-understand way.
Renting Energy from the Grid: A Life Sentence?
When it comes to electricity, most people rent energy from the grid. The problem with renting energy is that you will never truly own it. You will pay rent for the rest of your life, and the cost of this rent will only increase over time. This is where solar energy comes in as a better alternative. With solar energy, you have the option to take out a fixed loan for a certain length of time, such as 20 years. Once you pay off this loan, you will have free energy for the rest of the system’s lifespan.
Solar Payment vs. Grid Rent: What Happens When You Sell Your Home?
When you rent energy from the grid, you will never see that money again. When you sell your home, you will not get any of your money back for the rent payments you made to the grid, i.e., electric bills. However, if you have a solar system that overproduces energy, you will no longer have an electricity bill. Your solar loan will become your new utility bill. It is not realistic to expect to get this money back when you sell your home. However, having solar panels on your home will increase its appraised value by around 6%.
The Fixed Solar Payment vs. the Variable Grid Rent
The cost of renting energy from the grid is not fixed. Every factor that affects the cost of grid payments, such as inflation, scarcity of fuels, government bans, war, and so on, will cause rent payments to increase. In contrast, solar payments are fixed and will never go up. It’s important to keep in mind that most buyers will simply assume the payments of your solar loan instead of worrying about paying it off.
Conclusion: Take Action and Invest in Solar Energy
The solar proposition is a simple and cost-effective way to save money on energy and reduce your carbon footprint. By choosing to invest in solar energy, you can break free from the never-ending cycle of renting energy from the grid. While solar payments are fixed and will never go up, the cost of grid rent is variable and will only increase over time. Now is the time to take action and invest in solar energy to secure a better future for you and the environment.