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Credit: Cost of Solar

Clean Power

If Your New Year’s Resolution Is To Save Money, Here’s One Easy & High-Reward Option

Originally published on Cost of Solar.

solar energy cost

Credit: Cost of Solar

I can’t believe another year is already starting. What a fast year 2013 was! I have to say that I don’t really care for the New Year’s Eve parties or the fireworks. However, I do love reflecting on the past year, reflecting on life, and thinking of ways to improve my life in the coming year.

I understand that a lot of people have trouble sticking to their New Year’s resolutions. So, I’ll just lend a hand here if yours is to save money. If you really want to save money this year, one of the most effective ways to do so is also one of the easiest — go solar.

If you already know this, then it’s high time you actually decide to go solar! Use the bringing in of the new year to finally make the move and do it.

If you’re new to this, though, I’ll share some quick stats with you. The cost of solar is about 100 times lower than it was a few decades ago, and even half the price it was a handful of years ago. Solar panels have gotten a lot more efficient and a lot cheaper. The question isn’t actually how much solar panels cost, but how much solar panels are going to save you. The answer varies from house to house. However, a study conducted in 2011 found the average savings to be just over $20,000 over the course of just 20 years for Americans who went solar then. Solar power has actually gotten cheaper since then, while electricity prices have risen, so the estimated savings should be even greater.

Also, it might not be common to consider savings over more than 20 years when thinking about investing, but solar panels actually last for decades. They degrade very, very slowly. So, the savings should be even much greater than $20,000 (on average), considering that all the electricity generated after that time would be “free.”

Of course, many matters are important for estimating your savings — the price of electricity in your area, how much electricity you use, your home’s solar potential, etc. We can give you a real quick estimate of your savings if you answer just a few questions, but for a detailed and very personalized estimate, we would then connect you to a solar installer in your area who can “take you all the way.”

The opportunity is genuinely amazing for a lot of people. Don’t miss out on these major financial savings this year!

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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.


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