Benefits
Sunward Makes Perfect Financial Sense
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You’ll immediately increase the value of your home! Not sure how long you’ll be in your current home? |
| Not to worry. A Sunward solar hot water system is a sound investment, even if you end up moving long before the system needs replacement. Studies have shown that home values increase by an average of $20 for every $1 achieved in annual energy savings.That means a home with a Sunward system producing $500/year in energy savings will increase in value by about $10,000 immediately. |
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Newly enacted incentives help pay the way. Amidst all the bailouts for bloated financial institutions… |
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| and insurance companies, the U.S. government is now offering alternative energy dollars that any American homeowner can take advantage of. Right now, a Federal tax credit covers 30% of the cost of a Sunward system (including installation)! And many states, municipalities and utility companies are offering additional incentives, that can bring the “paid for” total up to 50% or more! There is no way to know how long these opportunities will last, but there has never been a better time to go solar! |
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Savvy financing can eliminate out-of-pocket costs! Sound too good to be true? |
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| It’s actually pretty straight-forward, and there is no tricky bookkeeping. Watch this short video clip (see below) to see an example of how this works, then scroll down the page to try out other payment plans. |
Video: 2 mins / 46 secs
Chart Your Own Options
We’ve created a way for you to create a simple chart like the one shown in the video below. Simply pick the rate of inflation you think energy costs will grow annually, and a type and length of loan, and the chart will generate automatically.
How to read this chart
Assumptions:
Cost of System before incentives: $8,200
Federal Tax Credit: 30% paid back to you in Year 1
State or Utility incentives: $0
Amount you’ll save in energy costs in first year: $550
In each year of the chart, the dollar amount will either be above the line (positive) which represents the balance of money in your bank account, or below the line (negative) which means money you are out of pocket at that point in time. After the loan is paid off, energy savings go right into your pocket (bank account), so the cumulative total only grows each year.
If you pay for the system with a single up front payment, the money you are out of pocket reduces each year as you receive tax incentives and energy savings. Eventually you’ll get all of your money back, and savings go into your pocket (bank account.)
Remember to that in every one of these examples, you ALSO get the financial benefit from an increase in the value of your home described in Reason 1.
 Energy Inflation Rates |
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