If not me, who?
If not now, when?
You own the home you live in. You rent the electricity that makes your home livable.
In the past there was no other option.
Today however you can make electricity safely on your own roof for a fraction of what PECO charges. Even better, the energy produced at home is renewable, non-polluting and quiet.
But isn't solar really expensive?
Let's see....
If your electric bill is $150 per month, that is $1,800 a year. PECO's rates don't stand still. Their historic increase is 4% annually over the past 20 years. ( PECO did increase rates by nearly 20% over the past two years but let's look at a longer term).
Now let's look at a solar system to get rid of your $150 monthly bill.
It is not free. In fact, this is an investment as you go from renter to owner. Here is an example of a typical system. Your specific ROI will vary depending on key factors like how much sun your house gets and system size.
Using loan financing would decrease the ROI shown above but homeowners are still much better off than sticking with PECO.
There are many reasons to choose renewable energy. It is good for your wallet, your neighborhood and the planet.
If you have cash available, then paying for this investment all at once offers the highest return.
But there are also great loan options. Best yet, unlike buying your home, a solar system loan does not require a down payment! Your savings can be used to pay for the entire loan.
Butterfly PBC does not offer a leasing option. Unfortunately most leasing options available today benefit only the finance companies and not the homeowner. Caveat emptor.
For those considering a loan, we recommend Clean Energy Credit Union. They are a not-for-profit, tax-exempt cooperative with a mission dedicated to funding green energy.
Here is their link: https://www.cleanenergycu.org/
