Is Solar Affordable?
YES – With Solaflect’s revolutionary technology, you can get an “after-tax” rate of return exceeding 8% per year, equivalent to a taxable return (e.g. interest on a bank account or money market) of 9% to 15% per year, depending upon your tax bracket.
How does Solaflect make Solar Energy affordable?
By following the sun throughout the day, a Solaflect Solar Tracker provides 30% to 40% more electricity than the same number of PV modules mounted on the perfect south facing roof. Its modular construction provides additional savings with costs similar to roof top installations. The U.S. Department of Energy has recognized Solaflect’s innovative design, and has twice provided $1 million awards to Solaflect after nationally competitive reviewed competitions. These awards have all been invested in the engineering of the Solaflect Tracker.
Will Solar Energy be cheaper next year, and if so, should I wait?
Solar may be cheaper but the incentives will probably lessen. This is a great time to invest in solar energy.
Will the technology become obsolete?
Only if electricity becomes obsolete. Once a Solaflect Tracker is installed, the electricity it generates is very close to being free for 25 years.