Solar Power to Maximize Cash Flow in Retirement
Filed under: Solar Installation
As you are preparing for retirement, many factors can impact your cash flow during the golden years of your life. Most people prepare with money in the bank and reduced living costs. Paying off your mortgage can be one of the best ways to reduce the ongoing expenses that will need to be paid each month. But, you shouldn’t overlook the benefits of managing your other overhead costs as well.
Having solar installed at yor home is a great solution if you don’t want to spend your hard-earned cash on expensive electric bills. In fact, it is wise to have a solar system installed before retirement, so that you can manage your cash flow by reducing monthly electricity expenses.
Financial Investment in a Solar Power System
In some places, the solar power system can pay for itself in as little as 5 to 7 years. The solar panels and inverters come with a 25 year manufacturer warranty. You can pay for the system within the first few years of use, then enjoy the long-term benefits of solar throughout the rest of your retirement years. You also won’t have to worry about the increase in prices for electricity from your utility company. Plus, there is a 30% Federal Tax Credit available, so you may want to install a solar system just before you plan to retire, so that you can take advantage of the Federal Tax credit while you are still paying taxes. Not only will you cut back on your monthly expenses, but solar panels will also help to boost your property value as well.
You will be able to monitor the amount of electricity that your solar system is producing each day. Our team will handle the installation, the county/city permit and the necessary paperwork to be compliant with the utility company. We will make your solar installation as seamless as possible.
Personalized Recommendations for Solar Installation
If you are thinking about going solar, then the first step is to talk to a trusted company in the solar industry. At New Day Solar, we will design a solar system based on your energy needs. We have 30 years of expertise and will answer all of your solar questions honestly. Give us a call for a no-obligation quote at: (855) 444-6329 or visit our website at: www.newdaysolar.com.
