Residential Solar Panels Denver

Buying Solar Now with Recession Fears   

Is this a good time to squirrel your funds away for a possible looming recession or invest in a solar photovoltaic system to make your own electricity?  

Now is a great time to buy a custom-designed solar photovoltaic electric power generating system.  Waiting only means you will not start the clock towards paying off your purchase, and you will keep buying ever more expensive coal-produced electricity, which is the same as burning dollars in your fireplace.  

Seven reasons why it is the best time to buy solar: 

  1. The federal government is providing a 30% tax credit to help you offset the cost of the entire solar system. So, if you spend $20,000, the government will give you back $6000. 
  2. The state of Colorado waives the sales tax on all the equipment purchased for your solar photovoltaic system 
  3. With inflation, the cost of the same equipment next year will be more expensive, so one would do best by going under contract now and stopping the inflationary pressures that continue to drive costs up. 
  4. Every year, the cost to buy electricity from the utilities goes up. As the price to buy a kWh gets higher, your solar system actually gets paid off faster! That is due to the fact that the value of each kWh your solar system produces is worth more each year as compared to what it would have cost to buy that power from a utility. 
  5. Time of Use (TOU) metering is coming, and with that, the utilities have found a way to charge you more for the electricity you use when you and your family are home from work and school. The net result is that you will pay more on your electric bill after you get a TOU meter. 
  6. Electric cars (EVs) are proliferating and will become the dominant vehicles by the end of this decade, and you will likely own one too. Even though an EV will go three times farther on a dollar than a gasoline car, why would you buy electricity when you can have the sun fill your car’s battery for free from your solar system?  
  7. Even if you are not a “greeny,” Colorado has 300 days of sunshine a year, and solar PV is a simple technology that has no moving parts. Why would you want to keep adding to air pollution by purchasing dirty electricity when clean power is so easy to obtain?

So, even if you are concerned about a recession, you should see the value of investing in a home power generating system that will be paid off in nine years and then produce clean, renewable electricity for decades to come. That is the kind of safe investment that most people look for in times of financial uncertainty.    

Call or email ARE Solar today for a free consultation and a no-cost solar photovoltaic design.