Calculate your CODN (Cost of Doing Nothing) and find out!

"How much does solar cost?"

Homeowners expect to find enough meaning in the cost of solar to make an informed decision whether or not solar is right for them. Unfortunately, the cost number is just not enough information to make a valid comparison.

You need to know what you're replacing. So, the first question any homeowner needs to answer is: "What would I pay for the exact same amount of electricity from the utility?" To make an informed decision, one must compare the electricity prices from the two sources: - Electricity from the Utility Company vs. Electricity Cost from Solar Panels. Solar opens a choice about where you get your electricity. This isn’t adding something new to your budget, it is switching your electrical provider, much like switching cell phone providers.

The warrantied life of the power from solar panels is 25 years and over 25 years, electric rates go up and up. Solar companies apply a 4% annual inflation factor to the cost of utility-based electricity. Then they add up all those potential utility payments to calculate your “Cost of Doing Nothing” or CODN.

Why do solar providers use only a 4% inflation factor when electricity rates go up much more than that every year? 4% is the maximum the solar loan companies will allow them to use. Rate increases are different at each utility. Last year rates across the country averaged about a 10% increase. So the CODN is a conservative estimate. That’s okay, it still makes the point!

Figure out what you’re paying monthly on the average to the utility. If you use a “Level Pay” program, use that number, if not, look at your last few bills and average out your monthly average electric bill (MAPB).

MAPB, 25 years, 4%... That sounds like a lot of numbers, right? Well, put away your spreadsheets - there is a super simple formula you can use, and it is amazingly accurate!

If your MAPB is $150/ month, it calculates to $150 / 2 * 1000 = $75,000 in electricity over the next 25 years. That’s a sobering amount. How did a measly $150/month turn into $75,000 out of a homeowner’s future earnings? It just adds up, and up, and up.

When are you going to pay off that electricity bill? Never… right? But because solar ownership comes with
a finite cost,** THERE WILL BE AN END DATE to your solar electricity bill.**

Solar will always cost you a fraction of your CODN - that fraction is determined by your current electric provider. Solar might cost only 1/4, 1/3, or 1/2 of your CODN - but it will always be less. What if it was 1/3?

** That would mean $50,000 of your future earnings is at stake! $50,000 that could go into your
retirement or your kid's education fund. $50,000 that you'll keep sending to the utility if you
don't go solar.**

If you think your family deserves that $50,000* more than some utility fat cat exec needs another bonus,
then fill out the form below - or click through to **get a quote**
so we can begin this solar adventure now! (* Your actual savings depends on your current bill.)

This information will be kept exclusively for Ellen J. Thornton.

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