A1A Solar is the Best Choice
An average North Florida home sees an electric cost reduction of 70-90% with a grid-tied PV system. Applying this 30+ year avoided electric cost (a tax-free dividend) to a low-interest loan payment allows us to produce a zero net cost solution for many people.
Because solar allows customers to monetize sunshine, it behaves like an annuity, a one-time financial investment that receives an expected dividend for a set term. Most homeowners will see around a 7% annual return on their solar investment the first year. For qualified customers, a 3% interest loan can be made, so a tax-free 4% return is quite possible. Electric rates typically rise about 3.5% per year, and so this net return increases with each rate hike.