4 Reasons to Kick Off the New Year with Solar Energy
Now that 2016 is coming to a close, we’re all thinking about our goals and resolutions for the 2017 year. Prices for solar are at an all-time low, so it’s time to make installing solar one of your resolutions. We have compiled a list with 4 of the top reasons to get solar marked off your 2017 resolution list early:
4. See Immediate Savings with Solar
Everyone enjoys having some extra pocket cash, especially right after a money-draining holiday season. There are many solar financing options available that require no money down, so you start seeing instant savings. The monthly payment for your solar energy system is lower than your electricity bill, and it will typically pay for itself within 7.5 years — the rest is strictly a return on your investment. Going solar also increases the value of your home by about $4 per watt, which is a saving in itself.
Keys Points of Saving with Solar
- Lower monthly payment — immediate savings.
- Zero-down financing options available.
- Increases the value of your home.
3. Avoid the Summer Solar Energy Rush
To avoid more lengthy lead times, installing solar at the beginning of the year is your best option. Come summer, once homeowners get their first utility bill after running their A/C all month long, the summer solar rush starts. If you’re the type of person who doesn’t like long lines at the grocery store, the start of the year would be the ideal time to invest in your solar panel system.
Keys Points of Avoiding the Summer Solar Rush
- Faster lead times! Solar is already a lengthy process — pulling permits, finding the right financing option, etc. — so avoiding the summer will cut out the extra backlog of customers.
- Start producing sooner, rather than later.
- Solar is more efficient in the cooler months.
2. Lock in Current On-Peak Consumption Window
In 2019, SDG&E will be shifting all residential customers over to a Time-of-Use (TOU) rate structure, similar to the current commercial rate structure. What this means is, customers will be paying higher prices for their consumption during on-peak hours. Current on-peak hours are from 11AM to 6PM, but are set change to 2PM to 9PM as early as 2017.
Electricity consumption during on-peak hours costs nearly double of what off-peak consumption costs. Investing in your solar energy system before the on-peak window shifts, allows you to lock-in the current 11AM to 6PM window for the next 5 years. This has to potential of saving you a lot of money over the next 5 years.
Keys Points of Locking in On-Peak Window
- Lock in the 11AM to 6PM on-peak demand window for 5 years before the 2PM to 9PM window comes into play.
- Use less of your Net Metering credits during the hours you’re not producing energy.
1. Start Earning Net Metering Credit Before Summer
One of the best advantages to committing to your solar panel system early in the year is Net Metering credits. By flipping the switch on your solar during the SDG&E winter months (November 1 – April 30), it allows you to save up Net Metering credits for the the summer months where you’re consuming more energy. Getting solar installed early on in 2017 is going to allow you to have a more comfortable summer by utilizing the A/C more!
Keys Points of Saving Up Net Metering Credits
- Start building Net Metering credits during these winter months — when solar panels are most efficient — for use later.
- Utilize your Net Metering credits during the summer when rates are higher and you’re naturally using more energy.
- Enjoy a comfortable summer with the luxury of being able to run your A/C more often with peace-of-mind.