One of the most significant incentives to switch solar is that you can decrease or get rid of your electricity bill. An average electric bill of $100 cost you $1,200 a year. Over 20 years, that same $100 monthly bill rises to $24,000, and that’s before adding in electricity rate increases that will make your 20-year energy costs even more. Installing a solar panel system in your company or home can help eliminate this.
Your Electricity Use
Going solar can reduce your electric bill entirely or decrease it so drastically that electricity costs are no longer an important factor in your budget. Your savings relies on a few varying factors, like how much power your system makes and how much you use, but the most important factor is the rates you would otherwise pay for your electricity.
Your savings are equal to or more than the costs you avoid by moving to solar, you’ll save even more if electricity rates are high in your city. And, since electricity prices will rise, your savings will proceed to increase every year over the 25-year lifespan of your solar system.
Overcoming one of your highest monthly expenses makes complete sense, but the advantages of solar aren’t just economic. Because electricity prices can be inconsistent, they make maintaining your budget tough. By switching to solar, you also fix your electricity expenses and make them more anticipated. This is particularly helpful for anyone with a fixed income, as well as for companies that need to keep track of expenses. .
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 Tampa! 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!