The following list will help you prepare for your switch to clean and economical solar energy:
1. Gather your last 12 months of electricity bills.
Provide the Total Monthly kWh & Total Monthly Bill for the most recent 12 months.
2. Establish a budget to share with the Solar Consultant.
There is no wrong answer, your decision will impact how much money you save on your electricity bill each month. We suggest thinking in terms of investments whereby the savings on your electricity bill is like receiving a monthly dividend check in the mail. The total annual dividends (savings) less expenses (financing) divided by total investment (system cost after incentives) is your return on investment to compare with other savings options. If you could invest any amount of money (from your savings and financing), in a mutual fund that is risk-free, non-volatile and providing a long-term 10% annual return on investment, how much would you invest from savings or finance? Budgets typically range from $10,000 – $60,000 for residential. Budgeting is not required for solar leases because the return on investment primarily goes to the leasing company.
3. Know your credit score to help the Solar Consultant show financing payment options that may apply.
The credit score is used by the Solar Consultant to show you the return on investment from electricity savings after financing. You may obtain a credit score from www.freecreditscore.com
4. Know how much you paid in federal taxes last year.
Look at your IRS form 1040 page 2. Find the line that says “This is your total tax.” Solar system owners receive a 30% Federal tax credit on a portion of the solar system cost to reduce their Total Tax. The Solar Consultant can provide more information during the estimate.
5. Share any preferences on location, size or appearance of the solar system.
The Solar Consultant will incorporate your preferences into the solar estimate.
6. If the system fits within your budget, how soon before you would like to start generating your own electricity?
Each day without a decision is costing you money. If your property is solar friendly, you should consider yourself lucky because 75% of properties were not built to maximize the solar resources. The Solar Consultant will show you how you can benefit from a solar system AND will work with you to choose the most economical way to own it.
Considering these items to share with your Solar Consultant during the estimate will make it easy and economical for you to switch to clean solar energy.