Should You Go Solar?

  • August 19, 2015

Going solar can save you money in the long run and give the environment the reprieve it needs from society’s excessive use of energy. The technology of “going solar” has greatly advanced in the past few years. Have you considered taking the leap and becoming more energy efficient? Here’s what you need to know.
Installation – Do your research thoroughly before engaging with a company. Whether using a locally owned company or a well-established, larger institution, be sure to ask questions and get a feel for whom you will be working with.
Understand Utility Rates – Knowing how your utility company calculates your usage and cost of electricity can greatly help you determine your route for going solar. Solar panels create energy that is fed into the grid your system is tied to (you are not “off the grid” when you go solar). If you produce more electricity than you use, you are credited for the difference. Basically, you are creating more energy during the day than you are using. Some of this extra energy is used at night when no energy is being created. All in all, at the end of the month, you are creating more energy than you have in the past and therefore your bills can be significantly lower.
Make Sure You’re Covered – Call your home insurance provider the moment your panels are installed. These are a major feature on your home that should be covered in the event of a disaster or emergency. Protect the system providing you so much.
Leasing Vs. Owning – You don’t have to purchase your solar panels. If you are not ready to fork over the cash for panels, look into renting the panels. This is often cheaper and still provides you the benefits of making your own electricity and saving on your monthly energy bills. While you will not get to take advantage of tax breaks or rebates, you will still save on your bill.
Is going solar right for you? The setup may seem like a hassle but the payoff in the long run makes it well worth it. Do some digging to find the best option that works for you, your home, and your financial situation. But keep in mind going solar helps the environment as well as your checkbook.

  • Facebook Icon
  • Linked In Icon
  • Twitter Icon
  • Google Plus Icon

Latest Tweets

© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at To verify our complete list of state licenses, please visit and NMLS Consumer Access (