OUR FINANCING PROGRAM
MN Solar has lenders that can offer 100% financing for your solar project (O.A.C.) and in many cases, they can tailor your loan payment to your current electric bill.
So, you can put solar on your home or business, finance 100% of the project, and not have any real impact on your current monthly budget. Call now to find out more how solar can be a part of your investment strategy.
What is the cost of going solar versus doing nothing?
When considering the cost of solar, it is important to keep in mind a couple of things. It's an investment. Depending on your own personal situation, Federal Tax Credits, any Utility Rebates, and pricing, it is not uncommon to see annual returns on your solar investment of 8% or more. Call us for a free quote and see how solar can be part of your long term financial investment strategy.
Going solar means investing in your future energy independence and a commitment to clean enery. We offer two options, financing with a monthly payment or as an outright purchase. Second, it is a financial investment. And, like any financial investment, you should expect it to deliver a solid ROI (Return on Investment).
One thing is certain, no matter the way you choose to pay for the system, solar can play a role in your long term financial strategy. . With our financing options, you can choose the term and in many cases, your monthly payment is approximately the same as your current energy bill. So going solar can be financially easy on the budget. Finance 100% of the system so no money out of pocket and, swap your utility payment for your new solar system payment.
Depending on the length and interest of your solar loan, you can expect a great return on your investment. Your solar system will often cost the same as your monthly electric bill if you choose to finance the system with no money out of pocket.
The Cost of Doing Nothing
Solar is a very reliable investment in energy. It's also reliable that your electricity rate will continue to rise each year. The Dept. of Energy estimates ulitilies will continue to increase your energy rates between 5 to 8 percent a year for the next 25 years. Even using modest calculations, that means a $100 per month bill today will cost you more than $450 a month in 25 years. Over the life of your solar system, you could save $50,000 or more. Each system is designed to fit your specific needs, and prices can vary.
Benefits of Solar for Your Home
People across the country are finding that solar provides some pretty clear benefits -- whether it is producing clean energy, creating energy independence, or securing long-term savings. If you're just getting started, or have been looking into it for a long time, solar for your home is a very good way to produce power that is reliable, predictable, and measurable.
Everyone likes to save a buck. Putting up solar can save you quite a few of them over the life of the system. Over the past decade, the cost of panels and other equipment have dropped dramatically. Combine that with the increased cost of energy, ranging anywhere from 5 to 8 percent each year, we can be certain that the trend will continue for years to come. Installing a solar electric system is one of the easiest ways to defend your pocketbook against the rising cost of energy.
Reliable Source of Energy
Solar may be the most reliable power source available today. It combines the reliability of the sun's energy with the maintenance-free convenience of a solar system. The panels are warrantied for 25 years, but will last much longer, up to 50 years. Unlike wind power, there is no moving parts, the system simply works day-in and day-out to produce clean energy. Along with predictability, solar provides one of the few ways to give home owners energy independence. Large electric utilities have a monopoly in the energy market. There are very few ways that the average person can take back control of how they receive their electricity. solar installation
Homeowners experience an unexpected benefit to solar installation -- a home value increase. All home improvement projects reflect some sort of value increase, solar is no different. The National Bureau of Economic Research recently released an analysis that found solar panels add between 3 percent and 4 percent to the value of a home. Most homeowners will gain an immediate return on investment when they install a solar system.
Sustainability is at the heart of our energy future. Clean energy provides undeniable economic and environmental benefits, now and into the future. Solar is a zero emission system that provides environmental sustainability by preventing harmful greenhouse gases from being released into the atmosphere, which also helps prevent the human health risks of some of our traditional fuel sources.
Advantages of Custom Design
All of our solar panel systems are custom designed for a specific customer that allows for maximum energy harvest for the most kilowatt hours a year for all budget levels. The properly designed system will typically pay for itself typically between 6 and 12 years (3 to 8 years for businesses that can use MACRS Depreciation), depending on any utility rebates, type of system, and other factors. MN Solar is always happy to provide a no obligation quote so you can see for yourself the benefits of solar.
The SolarEdge power optimizer is a DC/DC converter which is connected by installers to each solar module turning them into smart modules. The SolarEdge power optimizers increase energy output from PV systems by constantly tracking the maximum power point (MPPT) of each module individually. Furthermore, the power optimizers monitor the performance of each module and communicate performance data to the SolarEdge monitoring platform for enhanced, cost-effective module-level maintenance. Each power optimizer is equipped with the unique SafeDC™ feature which is designed to automatically reduce modules' DC voltage to a safe level whenever the inverter or grid power is shut down (unless connected to a StorEdge™ Inverter that is operating in backup mode).
The MPPT per module allows for flexible installation design with multiple orientations, tilts and module types in the same string. When working with SolarEdge inverters, the power optimizers automatically maintain a fixed string voltage, allowing installers even greater flexibility with longer strings and strings of different lengths in order to design optimal PV systems. The SolarEdge power optimizers are compatible with c-Si, thin-film, and high current modules and have a 25-year warranty.