How Does Solar Energy Impact Electricity Costs for Consumers?

Solar energy is a great way to power our homes and businesses without harming the environment. Solar panels collect the sun's rays and turn them into electricity. As the technology of solar panels improves, the value of solar savings increases. This makes solar energy a very appealing option for many people.

Solar power is also cleaner for the environment than fossil-fuel generated power and produces no harmful emissions. There are many reasons for wanting to invest in solar panels, but the primary reason solar power is attractive is that it will help you save money on your electricity costs.

If If you are a homeowner or plan to be one, you may be considering going green and investing in solar power. The question is, why? Lets compare the cost-effectiveness of regular electricity against solar power.

Solar Power Cost Vs. Regular Electricity Cost

Solar energy is becoming increasingly popular for both commercial and residential purposes. Solar PV modules have come down in price and have become much more reliable.

The big question is, "how can solar energy be cost-effective in the long term?"

The average electricity utility rate in the United States is 12 cents per kilowatt-hour (kWh). If you use 911 kWh of electricity per month, you'll need to pay $114 before fees and taxes. However, this figure is likely to increase during the summer and/or winter, depending on the area you live in.

In other words, your electricity bill will probably be between $200 and $300 per month.The solar panel system is a significant long-term investment, with the average cost per watt being $0.72.

However, it should be noted that this cost heavily depends upon your property structure and weather conditions. Additionally, there are no post-installation charges for the solar system, making it a very attractive option for investing in energy sources.

Why Do People Opt For Solar Power Over Regular Electricity?

Free Yourself From Hidden Charges

Solar power has become a more popular choice in recent years as people have become more aware of the drawbacks of electricity.

While electricity may be the more traditional choice, it can come with high power bills and hidden charges. Solar power, on the other hand, can save you money through solar incentives.

The Inflation Reduction Act of 2022, which sets $370 billion for climate and energy spending over the next decade, has been signed into law by President Joe Biden.

This is a crucial step in mitigating climate change and keeping America at the forefront of energy innovation. And now you can get a tax credit of up to 30% of your solar system's total cost.

This tax credit can save you thousands of dollars on the cost of your system. Local government and utilities also offer many other solar incentives.

25 Years of Stable Electricity Cost

Solar panels have a lot of benefits, one of which is that you generate your own electricity. This means you can become more independent from your electric company. Additionally, solar panel systems usually last for a long time - around 25+ years. So, by making the switch to solar power, you could save money and stabilize your electricity bills for decades. Homeowners have been struggling to keep up with the increasing inflation rate. Power bills have been rising each month, causing significant financial strain. Solar panels are a wise investment, as electricity rates have increased nationwide.

Regular electricity prices can be a burden, but there are ways to break free from the cycle. Net metering systems allow you to offset your power consumption with solar panel-generated power, drastically reducing your electricity bill. This system also allows you to earn money through the surplus power you generate.

Switch to The Power That Never Shuts Off

As a homeowner, you're likely familiar with the inconvenience of power interruptions and blackouts. You might also be fed up with paying for electricity as energy prices soar uncontrollably.

With regular electricity, you can face blackouts and power interruptions, and you might even have to pay higher rates during peak hours. However, you can become energy independent with solar power and avoid these issues altogether.

When the lights go out, you don't need to worry. Battery storage systems are a great way to make sure you are using your energy efficiently. By storing extra energy from your solar panels during the day, you can make sure that you have enough power to last you through the night or during a power outage.

Plus, solar power is becoming increasingly affordable, making it an excellent option for people who want to reduce their dependence on energy utilities.

Power Your Home With SolarQuote

Not only is solar power renewable, but it is also abundant and cost-effective. Solar power is an excellent way to fight climate change and reduce your home's carbon footprint. Many consumers are interested in switching to solar energy, but they don't know where to start.

We understand that going solar can be a big decision. With our easy-to-use tool, you can get a quote without any hassle. If you have questions or need advice, our knowledgeable energy specialists are standing by to help.

There's no need for a middleman when you switch to solar with SolarQuote. Our team will take care of everything for you. SolarQuote is a solar installation company that provides an end-to-end online solar quote tool; you can get an instant estimate of your potential solar energy savings and purchase solar in a mere five minutes.

To further optimize the efficiency of our solar estimate tool, we offer financing options for solar energy. You can make a down payment or pay in instalments.

If you are interested in going solar or want more information to help you make a decision, we are happy to provide you with a quote, or call us at (866) 828-1697.

With industry-leading options, you can find the perfect fit for your needs. Get started today to see the difference solar can make.