The second reason for the fast payback is due to my research and evaluation of many Solar companies. (Several of the companies that I did not go with are now out of business or their suppliers have bowed out) Product performance was also key, knowing where the products were manufactured, who installed what components and comparing the costs between Lease programs or buying.
The third reason is because I was confident enough with my knowledge of Solar to be one of the first to take the leap ahead. The timing was perfect because the best offers were being made as well as the best tax credits. I did a Lease Program that offered a 33% discount on the total cost if I pre-paid the twenty years of lease payments up front. I then received a tax credit from the Federal Government and the State that was equal to half of my up front cost.
So when I reached a savings of $6,000.00 this month, I had a full Return on my investment. In fact, I have been producing more electricity than I consume, thus suppling power back onto the Grid. Yes, I have AC cooling the house and the lights (LEDs) are on at night. As I took action to live a more sustainable life, I have saved money, energy, our environment and all without making any sacrifices. I am living healthier and happier as I try to present the educational facts through my GoingTrueGreen.com and EnergyHotwire.com websites that provide assistance to everyone who visits.
One additional note... Since installing Solar on my house, several neighbors followed and the value of my house has increased.
Bill Lauto, at GoingTrueGreen.com
International Sustainability and Energy Consultant
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