The Tale of Two Homeowners
Before we get into this, there’s a disclaimer we have to share with you.
This tale of two homeowners is not for you if you’re somebody who already knows that you can save a lot of money on solar or if you’re just looking for the right pricing or waiting for the right timing.
If you’re somebody who’s wondering if you’ll even see enough savings to make it worth the trouble of switching to solar power, this is for you.
Solar power is not an inconvenience to you.
Switching to solar power doesn’t require you to go through any trouble or inconvenience to get it, unless you’re doing a DIY project, which we would never recommend. Don’t do anything yourself that involves dealing with anything electrical unless you’re an electrician.
Solar panels and installing a solar system are very intimate with electricity and, therefore, hazardous if you don’t do it right yourself while you’re installing. Afterward, there are all kinds of weird stuff to watch out for, like fire hazards. That’s why they require permitting and everything.
There’s no trouble for you because you’re not doing the installation. Our team or any solar team would do that. If you think 90-minutes is going to be of trouble to you, that’s fine. Don’t get solar if you don’t want to spend 90 minutes to save a lot of money. The point is, there’s no trouble on your end. We want to get that out of the way.
You can save a massive amount on enormous power bills.
Is it worth your trouble for the savings? How much savings will you see? This is a big deal if you’re not seeing a whole lot of savings. Maybe you’ve seen a quote and think it’s not worth making the switch to solar because the savings weren’t that much. If you’re a homeowner in California, you’ve probably seen several quotes because most homeowners have looked into solar before.
Even if you’re not going to save a lot of money, this tale of two homeowners will show you why it’s essential to do it now rather than later. It’s pretty straightforward and actually almost comical to us why somebody would waste their money like this.
On the opposite spectrum, you can save a massive amount if you have an enormous power bill.
Prospect says no to saving $463 a month!
We had a prospect, and he was relatively wealthy. He had a big home, and his roof was perfect for solar, meaning he could save even more. Your roof doesn’t have to be perfect for solar. It just has to be decent for solar to save you a lot of money.
We get the design ready for his home. He looks into it. He says he thinks he wants it. We explain to him that it’s zero down, zero to get started, and costs nothing out of pocket to get solar. The only payment he’s going to make, which is the case for most homeowners, is on his new solar bill or power bill.
His power bill was over $700 with SDG&E. That’s not because SDG&E has higher rates; he had a big home, so he’s paying for a lot of power. We show him the savings he’d get from year one and show him his monthly savings for his first month. Immediately upon installation, once everything is up and running, he would be saving $463, which is $5,556 a year. He said no to this.
It takes you 90 minutes to sit down with somebody like us, make sure things are set up correctly, make sure you have the right system size, make the best decision, and help you do your due diligence. That would be the only trouble you’d have to deal with.
The Tale of Two Homeowners
The first homeowner says they’re saving about $15 a month to switch to solar and considers that not worth their troubles.
The second homeowner says the same thing but wants to lock in their price at that rate because they’re unsure what the costs will be with a regular power company like SDG&E.
Which one are you? Are you the first homeowner or the second homeowner?
It's Worth It In The Long Run
Some clients don’t save a dime, but they are getting cleaner energy than standard power. This is very rare to not see savings with solar, though. We would say 95 out of 100 homeowners that we work with, five of them might not save money. However, it’s a better deal in the long run.
Some people just have lower rates, to begin with. There are also all kinds of discounted programs, so it’s harder to save them money upfront. We can, however, always save them money in the long run.
Going back to the tale of the two homeowners, clearly, one is not being smart. They’re thinking it’s not enough savings or maybe they’re too busy to get on a call.
If you can get on a phone call or a Zoom meeting, you’re done. That’s all you have to do. You sign some digital paperwork. No one even has to come into your home. This is simple, simple stuff. We handle the entire rest of the process and make it fun.
It’s very similar to just switching any utility bill over when you move into a new place. You just have to sign some papers, make sure you know what you’re agreeing to, and that’s it.
What if you could go back in time and lock in gas prices?
Here’s why the second homeowner in this tale, is being smart. They are thinking ahead.
Let’s make a comparison. What if you could lock in your gas prices in the year 2000? In San Diego, the average cost of gas in 2000 was $1.40 per gallon of unleaded gasoline. Right now, it’s at least $3, on average. It’s over doubled. What if you could go back in time and somebody made you an offer and said they could lock you in at that price? They won’t be saving you any money, but you’ve got to agree to that for 20 or 25 years.
It didn’t cost you anything to do this. All you need to do is commit, and over the years, you’d be saving a lot of money. The first year doesn’t look like you saved that much. You don’t see much savings the second year, but by the tenth year, you’re jumping up and down.
Solar is identical to that. If you switch to solar now, and even if you’re the five out of those one hundred homeowners, even if you’re not saving a lot of money, you’re still going to save in the long run. That’s because you’re locking in a rate.
Either way, you will save money going solar.
If you decide to own the system, meaning you choose to get a loan or pay cash for it, you can pay that loan off. Let’s say it was a 20-year long-term loan. It’s going to be lower than what you’re paying now. Plus, you’re going to own the power after that.
If you’ve got a power purchase agreement, you’re going to get immediate savings with no money down whatsoever, without a loan or lien. All you’re saying is you want solar to be your new utility. You’re going to get immediate savings like the gasoline example. Then over 20, 25 years, you’re going to see massive savings because rates will continue to go up.
We can’t guarantee this, but there’s no doubt that you’re going to be over double the rates that you’re paying right now with SDG&E, especially if you’re in San Diego.
This is an interesting concept. Who are you? Will you be that smart homeowner one, or will you be the first homeowner who says solar is too much trouble? Feel free to reach out to us. If you need help figuring everything out, seeing how much you’d save, and all those fun things that come with solar, we’re happy to help.