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Interpreting Your StellarScore
Is this the right time for you to go solar? If you're considering solar primarily as a financial investment, the StellarScore can help you decide. The StellarScore lets you know how profitable your investment in solar energy is likely to be.
The following three factors determine whether or not you should go solar right now, or wait until market conditions change:
- The cost of the solar energy on your roof.
- The cost of conventional electricity from the utility company.
- The incentives on solar energy systems offered in your area.
The StellarScore encapsulates these three factors, giving you a clear indicator of the value of your sunlight.
Your score is above 600 – Very Profitable
This means that you have enough direct sunlight to produce a substantial amount of solar energy at a low cost, the rate you’re paying to the utility company is high enough and the incentives are strong enough for you to make a healthy return on an investment in solar energy. Get some bids and start the process of going solar!
Your score is between 400 and 600 – Promising Investment
Properties with a score between 400 and 600 are promising for solar. You can save money on a solar energy system, as the cost of producing your own energy is reasonable, the rates you’re paying for electricity are fairly high and there are some incentives available to help defray your costs. Look into going solar, as you can start saving money now.
Your score is below 400 – Not Likely to be Profitable
Either your cost of generating solar is high, because you don’t have enough direct sunlight, your utility rates are low or there are not enough incentives in your area. In any case, your utility rates are likely to rise over time and your state or local government might introduce incentives that suddenly make solar energy a good investment. The price of solar panels and the cost of installation is falling steadily. At some point, solar energy will be a smart investment for you. If you are primarily motivated by the environmental benefits of solar, then you should explore going solar now. If you are looking at solar as a financial investment, keep an eye on your score. When it reaches 400, it’s time to start looking into solar energy!
One important thing to remember: our computers are limited by the data we have on your property. If you’re interested in solar energy, please request a quote from the solar energy providers listed on Geostellar. They’ll analyze your electricity bills, perform measurements on your roof, produce precise models of your solar energy potential and produce a quote that explains the costs and benefits of solar.
Please let us know how close we came with our automated analysis of your property. We are always improving our algorithms, and your data will help us calibrate our systems. The important thing is that all the people who can go solar, profitably, learn about the opportunity and make the right decision to go solar today.