One of the greatest reasons that you should consider going solar is to significantly reduce or eliminate your electricity bill. The average monthly electricity bill can become an expense of $1200-$1400 per family each year. Over the course of 20 years this could lead to $24,000 plus that you’re paying up to your utility company. Installing solar panels could eliminate your electricity bill entirely and ensure that you are paying a consistent rate for your electricity. Most solar panel systems are guaranteed for their efficiency over 20 years and this doesn’t keep into consideration the average rate of inflation which will increase the cost of energy by 2.2% every year.
Going solar can make sure that you eliminate your electric bill completely or drastically reduce it. Electricity costs will no longer be a significant portion of your budget and the price that you pay for your solar system will be a one-time cost with a simple payback period. Most solar panel systems will be able to pay for themselves within six years of installation to a maximum of 12 to 15 years after the installation takes place. Because a solar system can last over 25 years, this could represent 10 years of potential profit that could be coming in from your solar installation.
When you combine your solar energy costs with improvements to your home energy usage, you can see ongoing benefits for going solar. Changing out your light bulbs, improving home appliances and conserving energy throughout the home can be a great way that you can generate greater results from your power system.
Installing solar panels can be a fantastic start to eliminating your electric bill. By choosing to install solar panels, you can start the process of generating power at home and eventually reducing your electric bill to zero or even profiting from your utility company.
This post was written by Daniel Massaad, owner and expert solar technician at Energy Solutions Direct! ESD is the top choice for solar panels in Texas! Our licensed and certified contractor are masters of their craft; with years of experience servicing the great Tampa Bay area and beyond, the choice is simple. ESD excels at offering you the best in solar value!