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With the Market Where it is, Solar Energy May Be One of the Best Investments You Can Make in 2022
In a recent Wall Street Journal article titled S&P 500 Posts Worst First Half of Year Since 1970, they stated that : “U.S. stocks retreated on the final day of a brutal quarter for markets, weighed down by losses among shares of everything from banks to oil producers. Thursday’s trading was volatile. Major indexes fell sharply in morning trading, pared losses in the following hours, and then fell again late in the session.”
What does this mean for people who are looking for the best investments to make right now? For one thing, look at what is right in front of you. It may not be the best time to buy and trade stocks, but investing in a product with ROI – now that is smart.
Rooftop solar energy may be one of the best investments you can make right now.
Right now, every single homeowner in South Florida who doesn’t already have solar energy is renting their electrical power from FPL. Now, say you may pay an average of $150 per month for your utility bill. FPL rates are slated to rise approximately 8% in 2023, and continue to go up in the years to come. This means that you will always be paying more and more to FPL.
Solar energy is a way to get out of FPL’s grip. It is also one of the best investments you can make on your home in order to save money in the short and long term. Here’s why:
- Your solar bill gives you a fixed rate for 30 years if you finance the project. This means that you are locked into a specific amount of money you pay monthly towards your loan. The only thing you have to pay to FPL is a small connection fee. And, once your loan is paid off, you no longer have to make any payments for solar.
- If you pay for your solar in full, your home’s energy production is now owned – by you. If you pay for your solar in full, then we have the same scenario as above, just faster!
- There are tax incentives to go solar. A large portion of what you pay for your solar energy panels is tax deductible. Meaning, you will get a large tax return (assuming you have taxable income), when you file your taxes. You can use this extra cash to pay into your solar loan, make additional home improvements, or simply to put away.
Going solar is a great investment because it protects you from inflation. We all know inflation is at an all time high. Everything from common household appliances to gas is rising rapidly in price, so now is a good time to ensure your electricity bill won’t be doing the same thing. And, the way to do this is to go solar.
Solar panels are becoming more and more attainable for all.
With the various ways you can pay for your solar system, making this investment has never been easier. Bison is proud to give our customers access to risk-free solar energy savings and to help you pay off your investment in a way that works perfectly for you and your budget. In addition, you’ll be eligible for tax credits and incentives and, in some cases, you can earn credit from your utility company for the excess energy you produce.
If you are interested in getting started on one of the best investments you can make in our current economy, contact us today by hitting the button below!
