An expensive electric bill gave Kevin Coffey more than just stress and anxiety. It gave him an idea for a new company: AAA Solar, LLC.
Mr. Coffey, a Colorado native, is the founder and CEO of Complete Spectrum Financial Services, Inc., a Westminster-based company that has helped people reach their retirement goals for 17 years. In July 2016, when the utility bill for an office building he owns hit an all-time high, he started looking at energy- and money-saving options. He calculated that a solar system would give him a return on his money of more than 10 percent. Mr. Coffey’s CPA confirmed these numbers, adding, “This will be one of the best investments you own. Where else can you get a double-digit return every year?”
Complete Spectrum Financial Services and its representatives now market solar products, offering clients great returns and increased monthly cashflow by eliminating their electric bill. Because not all homes are right for solar, it’s important to have professionals like AAA Solar evaluate your home to see if it makes financial sense. Along with being a great investment, going solar protects homeowners from future rate increases – which average 4 percent nationally. In addition, it creates a better world for all of us and future generations by eliminating or reducing reliance on fossil fuels. It may also add to a home’s resale value.
Here’s an example: a home solar system that costs $14,285 qualifies for a 30 percent federal income tax credit, reducing the system cost to $10,000. If the solar system reduces their electric bill by $50 per month, or $600 per year, that works out to a six percent annual rate of return. A $50-a-month reduction is a conservative estimate of solar cost savings; many AAA Solar customers see an immediate rate of return of 5 to 10 percent!
Why work with AAA Solar instead of a national company? The choice is clear:
· Variety: AAA Solar offers solar panels from multiple vendors, giving more flexibility in pricing, appearance and design of each solar array. This stems from Mr. Coffey’s frustration as a consumer, at how difficult it was to compare different solar companies’ prices and benefits.
· Experience: AAA Solar has partnered with a Denver-based solar installation company that offers more than 10 years of installation experience and a 10-year labor guarantee. Their installers are solar-certified, licensed electricians.
· Price: As a small company with low overhead, AAA Solar prices its systems below the competition. Financing is offered from several companies, often with zero money down.
AAA Solar brings to the energy industry Complete Spectrum’s commitment to integrity and honesty. “Our No. 1 goal is to serve our clients, not stockholders, because we are a privately-owned company,” Mr. Coffey said. Since 2012, Complete Spectrum and AAA Solar have donated more than $250,000 to school groups, sports teams, churches and nonprofit organizations.
To find out more about solar power, savings, and the energy efficiency it offers, visit AAASolar.org or call 303-975-4908.