There has never been a better time to go solar than right now. In 2020, solar is more efficient, more accessible, and more cost effective than at any other time in history. Thanks to increased investment in research and development, improved technology and equipment, and greater commitment to renewable energy from federal and state governments, going solar is one of the best investments you can make in 2020. By installing solar panels with YSG, you can save on your utility bill each month, guarantee a return on your investment, and generate your own clean, renewable energy at your property.
Why Go Solar?
There are a ton of reasons to go solar in 2020. Economically, socially, and environmentally, going solar makes sense for pretty much everyone. Regardless of your location or circumstances there is likely a method of going solar that will be viable for you. Below we’ve listed some of the top reasons to go solar in 2020 and beyond.
Utility Bill Savings: Going solar can offset, or in some cases virtually eliminate, your monthly electricity bill. With the lifespan of a solar system usually 25+ years, you will see huge savings for a very long time.
Return on Investment: Solar is one of the most dependable investments on the market. Once you have paid off your system, which generally takes somewhere in the region of seven to eight years, you will be generating free electricity for decades to come.
Safeguard Against Volatile Electricity Costs: Across the country electricity costs have been increasing, and this trend looks likely to continue in the future. Utility rates are extremely volatile and unpredictable, but with a solar system you can safeguard yourself against these surging electricity prices for the foreseeable future.
Increased Property Value: Solar panels not only increase the value of a property, but they also increase demand for the property. As the general public becomes more informed about renewable energy, properties with solar panels already installed will stand out in the competitive real estate market.
Boost Local Economy: The solar industry has seen staggering growth over the past few decades and with renewable energy more in demand than ever before this growth looks set to continue. By going solar you are supporting your local economy and contributing to job creation. In 2020, as we strive to bounce back from the impact of COVID-19, it is more important than ever to support local businesses.
Environmental Benefits: Going solar is one of the biggest ways an individual property owner can reduce their carbon footprint and support the growth of renewable energy as we fight against climate change.
How Much Can I Save With Solar?
A recent study from SmartAsset estimates that an investment in solar panels can lead to savings of roughly $22,000 over a twenty-year period. The image below outlines the data used to determine the savings estimate of $22,000 for a six kilowatt solar system. This estimate is based on nationwide averages and if you live in one of the states where solar pays off the most—like New York—you could save even more money.
Solar for Homeowners
Probably the biggest draw for most residential solar customers is the clear economic benefit of installing solar panels. As noted above, going solar could virtually eliminate your utility bills while also guaranteeing a strong return on your investment once the system has been paid off. On top of this, you will be protecting yourself against surging electricity costs for decades to come, while also boosting the value of your property—and its marketability should you ever decide to sell. According to a study from SmartAsset, a six kilowatt solar PV system costing $15,800 (prior to the application of the federal investment tax credit) will boost home value by about $14,200.
Solar for Businesses
For a business, going solar is a way to cut operating costs while more accurately forecasting electricity expenditure for the future. Additionally, a public commitment to clean, renewable energy in the form of a solar panel installation is an excellent way to generate goodwill. Not only will current employees be glad to work for a forward-thinking company, but prospective new employees will likely be more attracted to the business as well. In a difficult economy, solar offers a competitive edge—both socially and economically.
Solar for Landowners
It’s not just homeowners and businesses that stand to benefit from solar power in 2020. Landowners are uniquely positioned to profit from the increasing demand for suitable solar sites. Developers like YSG are seeking unused land across the country to host solar farms. By leasing your land for a solar farm you could generate a consistent, reliable income stream for decades to come—all with minimal effort on your part. How much money you can make by leasing your land for a solar farm will depend on the specifics of your project, so your best bet is to speak directly with a developer like YSG Solar to get a sense of how viable your land is, and the potential revenue you could generate. Some of the most popular solar farm states include:
If you’re looking for the best solar panels and the biggest savings, look no further. YSG has been operating in the solar industry for over a decade now and we are vastly experienced in a wide range of solar projects, from rooftop residential to large-scale solar farms. To get started, or just learn a little more about solar, send us an email or call at 212.389.9215 today.
YSG Solar is a project development vehicle responsible for commoditizing energy infrastructure projects. We work with long-term owners and operators to provide clean energy assets with stable, predictable cash flows. YSG's market focus is distributed generation and utility-scale projects located within North America.