Case study - Tom and Suzie McNulty
The Solar Financing Solution To Rising Energy Costs
Tom and Suzie McNulty are working professionals with two kids living in California. They live in a modest home, their kids are approaching college and with the normal costs of raising a family, they are focused on carefully managing their spending and investments. With their average electricity bill at $229/month and rising, the McNultys were growing concerned with the annual increases by their utility company.
Did you know? Utility rates have increased 5.5% per year, on average, for the past 30 years.
The McNulty's were looking for an effective way to cut costs and be more energy efficient. With recent news of Federal and State incentives, new technologies, and talk amongst their friends in the community, the McNulty's realized they could reduce their utility payments and generate significant savings by investing in a solar system for their home.
With help from Finance Companies , the McNulty's found financing that met their needs. In the chart below you can see within the first 5 years they will generate savings of $2,528 savings on their electricity bill. Over the life of the system they will save over 35% and $44,000.
Annual After-tax Payments: Utility vs. Solar - 1100 kWh/mo, 4 kW System

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