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We compare an investment in solar to a what-if investment in a Standard Poors (S P) 500 stock index fund, which has seen growth of about 7 per year over the past 25 years.
Compared to a single-speed pump, a two-speed or variable-speed pump can save tremendous amounts of energy.
The electricity you'll save in the first year of operation would have cost 729, but your loan payments will total 1,442, for a difference of 713, or about 59 per month.
The reason a solar loan works so well is that you dont have to put any money down, but you still get all of the incentives that go along with buying solar.Subtract 4,875 (30 of the costs) for a new price of 11,375.Solar Purchase NPV: -737, a solar purchase in Florida has a small negative NPV because electricity prices here are so cheap.Town of Hempstead Long Island Pool Company.Im hearing from home performance contractors who say, Please include swimming pools in any package of energy improvements, because a variable-speed pump is a low-cost item compared to other energy upgrades, and it has a payback period as short as one year.
You'll get the 30 federal tax credit and the energy bill savings will start right away.
Here's some more about how we got these numbers above: Solar Loan NPV: 2,376, as were fond of saying, taking a loan for solar is a no-brainer, because its like agreeing to pay over time for something that is also making you money, plus you.Another source of information on efficient pool pumps is the Energy Star program.The, solar Strategy section is all about the various financial options you have in Florida.If you can get a solar loan or take a home equity line of credit (heloc though, your payments over 15 years will be miramar air show promotion code 2015 only a little more than your savings, and you'll still come out thousands ahead in the end.If you're looking for what Florida is doing to make solar more affordable for its citizens, you'll find it here.These policies and rules govern everything from renewable energy mandates to whether you get paid retail or wholesale rates for the extra energy your system produces, and can have a huge effect on the viability of solar.Our tradition of reliability, integrity and quality of work is what keeps our customers beyond satisfied.Most electric utilities with rebate programs maintain an online list of approved pool pumps.
The advantage of a small pump is explained by the Pump Affinity Law, which states that the power consumed by a pump is proportional to the cube of the flow rate.