Not all things in life are certain. But one thing we know for sure is that the sun will always shine! That’s why big investments like solar in Colorado are a safe bet. Solar energy is a safe investment because there is little risk involved. Putting your dollars into a solar system will safely earn you money in the long run. And you get bonus points for helping make the Earth a better place. Here are several reasons why solar in Colorado is a safe investment:
- It’s low risk – The sun is the Earth’s most abundant source of energy. It radiates enough energy every hour to fulfill the planet’s power needs for an entire year. We all know that the sun will continue to shine. Why not take advantage of it? If you compare investing in solar to investing in stocks, there’s no competition. When you invest in stocks, you’re betting on the success of the company, its employees, and many other factors. It’s definitely not as reliable an investment.
- Solar power is a proven and reliable energy source – Solar panels have proven their reliability after being around for a long time. Solar power systems utilize relatively simple technology with few moving parts. There’s not a lot of room for error, they’re durable, and they require little maintenance. Solar in Colorado withstands all of our weather and continues to produce electricity even in winter. Most solar systems come with 20- to 25- year warranties, and solar companies typically have installation warranties, as well, to cover anything that might need to be replaced.
- It saves you money on your electricity bill – When you invest in solar, you’re trading the electricity you purchase from the utility company for free electricity that your solar panels will produce. Essentially you’re “making money” by not having to pay an electric bill. By using solar energy, you’re also reducing an ongoing future expense. With the costs of fossil fuels rising and the price of installing solar continuing to fall, solar is becoming a more attractive investment option.
- Great payback periods and ROIs – The good news is that your solar system will start generating free electricity the day that it is turned on. The money you save from the free electricity your solar generates will pay for the installation after several years. The typical ROI period in the U.S. is about 8 years. The payback period can be different for every homeowner, depending on upfront costs, electrical use and generation, and how you finance your solar system.
Ready to invest in solar? Contact Sandbox Solar for a free quote! We have top-notch experience and have been installing solar in Colorado for years along the Front Range. We have helped homeowners and business owners work toward energy independence and achieve their energy goals. We can help you too!