Can I Afford a Solar Panel System?

If you’re familiar with the benefits of solar power and are considering the purchase and installation of a home solar panel system, you might be wondering how affordable these systems are. Over the past decade, solar panel prices have dramatically decreased, as have installation prices. Meanwhile, the technology behind these systems has steadily improved. Here’s some information about the affordability of home solar power systems in South Central Texas.

Solar Panels Are a Long-Term Investment

Think of a solar panel system as a long-term investment in your home. In the long run, the panels will pay you through decreased electric bills, and you’ll enjoy an immediate decrease in monthly bills upon installation. However, a certain percentage of the initial system costs must be paid before owners reach a “payback” point.

For most solar owners, the “payback” period is between 8 and 12 years. Home solar panel systems sold through GVEC Solar are designed to last well beyond this timespan. In fact, all GVEC systems are warrantied for 25 years. And just because panel warranties expire after 25 years, doesn’t mean the system can’t continue generating power beyond that point. The majority of solar owners, then, can enjoy many years of savings on electricity bills, and for many, those savings will be substantial.

Solar buyers can enjoy additional savings from their solar investment by selling any excess power generated by the panels back to GVEC. Owners can enjoy even more savings and help keep power flowing to their homes during an outage by pairing a home battery storage solution with panels. GVEC is proud to offer home battery storage options with our systems, the costs of which can be financed with the rest of the system.

GVEC’s Flexible Financing Helps Make Solar a Strong Investment

GVEC’s flexible financing choices—including on-bill payment options for electric customers and 0% APR terms for qualified buyers, among others—can help you establish affordable monthly payments. If you can pay your current monthly utility bills, chances are, we can help you find a solar panel system that will easily fit into your budget. And don’t forget that the overall cost of your system can be further reduced through 26% federal tax credit currently available on new solar panel systems.

Increases Your Property’s Resale Value

Studies indicate that a solar panel system not only increases a property’s resale value by an average of 17%, but also decreases time on the market by an average of 20%. The fact that our region of Texas enjoys, on average, over 300 sunny days a year makes solar power an even more attractive option for prospective home buyers here.

GVEC Solar: Your Source for Sun Power in the Guadalupe Valley

When it comes to home solar power, no one is more trusted across South Central Texas for durable, high quility systems and the knowhow and experience needed to install them. We stand behind every system with a 25-year warranty on parts and 10 years on installation. We’ll show you the ins and outs of your system, too, to help you get maximum performance. We’ll even help you with obtaining the necessary local building permits.

For additional details about how the benefits of a home solar panel system from GVEC or to get started on a renewable energy lifestyle, call us at 855.898.8807.