Adding rooftop solar to your house is an investment of time and money comparable to the commitment you made when purchasing the property. Think back to that time: You looked for the right place at the right price. You found out as much about it as you could. You sought a trusted source to lend their expertise in matters they understood. You had a thorough understanding before you signed the mortgage papers.
Do the same before signing a solar contract.
As your trusted energy advisor, Cotton Electric Cooperative can offer a candid assessment of your specific situation to help before you make a significant financial investment.
To help determine whether rooftop solar is right for you, consider this:
• Overall energy efficiency of your home/building
• Orientation of the sun in relation to the home/building
• Tree coverage near the home
• Weather patterns for the region
• Storm damage – who’s responsible for repairs? Does the customer pay for the solar even if it’s not repaired timely?
• Solar valuation in sale of house.
• Return on investment
We encourage our members to get several quotes and thoroughly investigate the credibility of the companies researched. When evaluating sales proposals, make sure you ask questions like:
• What electric rates does the proposal use and what inflation rate is used? How does that compare with my current rate?
• What estimated cost is used for excess energy produced? Cotton purchases energy supplied by the member at the Cooperative’s avoided energy cost. For 2021, the Cooperative’s avoided cost is $0.02145/kWh.
• Is there a large, up-front payment required or are fees spread out over time?
• Will I own the panels or will they be leased?
• Are there any hidden costs like replacing the roof before installation or marketing, advertising or research fees?
• Are there ongoing maintenance fees?
• Are there rebates or other financial incentives available?
• Are the estimated energy savings worth the investment?
• Is it more cost effective to invest in other energy saving measures?
Proposals that state your electric bill will go down to nothing are not correct. All members of Cotton Electric pay a monthly fee to help cover fixed costs like poles, wires, and transformers that are required to provide power whenever you need it.
Cotton Electric recognizes that member interest in green energy sources and renewables is at an all-time high.
We stand ready to help our members determine their best options and welcome your questions. We can be reached at 580-875-3351.