How Do Solar Panels Work with Your Electric Bill
Everything we use, from TVs and cell phones to air conditioning and kitchen appliances, needs electricity. All of this use adds up. But did you know solar panels can help you save money on your power bill?
Solar systems are often the best way to lower your electricity bill without cutting back on how much energy you use. This is because they keep your electricity costs low.
We’ll talk about how to use solar panels to lower your energy costs and give you the tools you need to start saving.
How to Lower Your Electric Bill With Solar Panels
First, let’s talk about the three biggest problems with high electric bills:
- They cost a lot.
- They are constantly going up in price.
- They’re hard to predict.
Electric Bills Are Expensive
You pay a lot more for energy from the grid than you would for solar, even though it doesn’t seem like it.
Every kilowatt-hour (kWh) of energy costs a certain amount of money. In June 2023, the US Bureau of Labor Statistics said that the average energy price across the country was $0.17 per kWh.
Also, the 30% federal solar tax credit is available to people all over the country, and the average price of energy made by solar systems bought through solar.com is around $0.08 per kWh.
In California, the price of grid electricity is almost four times higher than that, which is less than half of the national rate. The price is even lower than in Washington State, where energy is cheap!
Do solar panels lower your electric bill?
Solar panels can not only lower your electricity cost but also take the place of it completely.
Your electric bill is mostly based on two things:
- How much electricity you use
- Electricity rates from the utility firm
There is little you can do to lower your rate if you have to use grid power. If you want to reduce your use, lock the radiator and use binoculars to watch Netflix through your neighbour’s window.
But if you put up solar panels, you can cut your electric bill to about 8 cents per kWh, which is much less than what it costs in any big US city.
If you go solar, you’ll pay for your solar equipment monthly instead of your energy bill. This works out if you buy solar panels for 8 cents per kWh and pay 16.6 cents per kWh for grid energy over 20 years.
Stop Guessing and Switch to Solar Energy Today
With solar, you can be very sure how much energy will cost.
Many homeowners can get all the energy they need from their solar system. In this case, the utility usually only charges a minimum service charge of $10 to $20, which covers grid repair fees, net metering fees, and other costs.
What if the solar system doesn’t meet all of their needs? If it doesn’t, they will still have to pay some amount for electricity each month.
When you pay cash, you don’t have to pay for the system or gas again and again. When you finance something, your monthly payment stays the same, no matter the season or how you use it right now. In either case, this stability can be very helpful for homeowners making a regular budget.
Lower your electric bill with solar panels
To sum up, solar panels lower your electric price in two ways:
They set the energy price lower than what you would pay on the grid (about 8 cents per kWh for Solar vs. 16.6 cents per kWh for grids nationwide).
They protect you from the rising cost of energy from the grid.
Solar panels also raise the value of your house, lower your carbon footprint, and make your electricity costs more stable.
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