Through a comprehensive and competitive Request for Proposals process, local solar installers are currently working to bring this community the best solar equipment at the best price. As our community rallies behind solar energy, participating installers will be significantly dropping their prices for a limited time only. As we get closer to the Solarize NOVA launch, we will be posting more information on the exact costs of going solar through this program. In the meantime, here is a little bit of information on what to expect.
Through the power of our community, we’re making solar more affordable than ever. With that said, solar installations come with upfront costs and we’re designing this page to help demonstrate the economics of going solar with Solarize NOVA.
It is important to think of your solar panels as an investment — and what a great investment it is!
Going solar through Solarize NOVA provides an exceptionally low risk investment with anticipated annual returns of at least 6%. In other words, over a 20-year period, solar residents can expect to at least double their return on investment.
Solar investments will also continue to increase in value as electricity rates continue to rise. The Energy Information Administration projects a 2% annual rise in residential electricity rates for the Mid-Atlantic, which makes now the time to lock in low rates with solar.
In addition to Solarize discounts, Solarize NOVA will help participants access a 30% federal tax credit, affordable financing through AFC First’s PowerSaver Loans, and navigate the Solar Renewable Energy Credit (SREC) market.
All of this combined may make it possible for participants to finance their installations with monthly payments similar (or even less) than regular utility payments…