A home solar system is the rare home improvement project that actually pays you back over time. You’ll reduce or completely eliminate your electricity bill for decades to come, leaving more cash in your pocket. Over the lifetime of an average-sized solar panel system, those savings add up! Additionally, solar is an attractive financial investment; a typical 12-year payback period is roughly the equivalent of an 8.3% return on investment. That’s higher than long-term returns on other riskier investments like the S&P 500 index or intermediate-term bond funds.
You’re adding a reliable electricity generation system on your roof when you go solar, and that solar panel system is an asset that produces a cash savings to the homeowner each and every month for many years to come. Installing solar panels is the home improvement project that actually pays you back – every month and with a higher home value when you sell your home. That’s why solar is a great choice for so many Colorado homeowners.
Did you know that electricity production is the #1 source of harmful greenhouse gases? By installing solar panels you can make a positive impact to help the environment. In fact, a typical two-person household can reduce their carbon emissions by three to four tons annually when they go solar. It’s a benefit of solar that doesn’t show up when calculating savings and return on investment; the benefit of knowing we did something to leave our planet a better place for future generations.
We can’t rely only on the government or utility companies to be the primary drivers of positive change, and we are not stuck with rising energy costs. We can take control. When you go solar, you own your energy production. You’re exercising your power to make positive change for the environment, regardless of what’s happening in Washington. And as energy costs rise, you’re locked in at a lower rate.
Download the Essential Home Solar Buying Guide and get straightforward answers to the most important questions everyone should ask when considering home solar. Learn how much solar costs, how much you can save, if your house is a good match for solar, and what the next steps are to go solar.
Be informed, not sold. That’s part of the Namasté Solar way!
Your solar panels convert solar energy into electricity. Every panel is made up of many individual solar cells, which are linked together to increase their power-producing potential. Watch a video about solar electricity to learn more.
Electricity flows from your solar cells to your inverter, which converts direct current (DC) electricity into the alternating current (AC) electricity that your home and the electrical grid can use.
The power your solar panels produce will feed the electrical demand in your home. Any excess electricity produced by your panels during the day will feed back into the utility grid and you’ll receive credit from the utility to offset your future demand.
When your panels aren’t producing power, your home pulls electricity from the grid. At the end of the month, your utility bill will reflect the net electric usage. Any excess electricity credit will carry over to the following month.