There are many advantages of switching to solar panels for your electrical source. For one, it helps you protect the environment. Secondly, it helps you to reduce your carbon footprint.
However, did you know that another of the benefits of solar energy is that you can actually reduce your monthly utility bills? That’s right! Just by taking advantage of solar installation service, you can cut back the amount you’re paying in utility bills.
If you’re interested in learning more about how to cut back on monthly utility costs using solar energy, this guide is for you. Here’s how solar power can lower your monthly bills.
Lower Your Electric Bills
One of the most expensive utilities is electricity. You use electricity for running your heating and cooling systems, lighting up the home, operating appliances, and more.
When you switch from using a utility company for your electricity needs to solar panels, you can actually cut your electric bill by a huge amount. In fact, you can reduce your bills by as much as 50%
The reason for this is that your solar panels are constantly drawing in energy from the sun throughout the day. The only times when your utility company would be used to power your home is at night or during thunderstorms.
In these situations, the utility company is being used as a backup plan rather than the first method of power. And, since sunshine is free, you don’t have to pay to power your home regularly.
Solar Panels Maintenance Is Minimal
One of the biggest challenges homeowners face with utility companies is that they often run into the need for costly repairs and maintenance. When electrical wiring stops working, it’s a big deal to call in the utility company to get things up and running again.
The good news, however, is that solar panels don’t require a lot of upkeep. After your residential solar team has come in and installed your solar panels, you rarely need to service them.
What that means is that you’re essentially only paying once to get the power you need for the next several years. You won’t have to worry about getting extensive repairs or maintenance done on these panels.
Better yet, many solar teams offer warranties and contracts that promise to get your solar panels repaired if any issues do arise. That’s a huge contrast to utility companies, which very rarely offer these types of contracts or support to their customers.
You’re Eligible for Tax Credits and Rebates
The government wants to encourage renewable energy resources. They care about our planet just like you do, and often offer significant tax breaks for people who are willing to go the extra mile to protect our planet.
One situation in which the government rewards homeowners for paying attention to the environment is by offering rebates and tax credits for people who choose to install solar panels. Better yet, many state governments offer additional rebates to people who are willing to use clean energy.
One example of this is the state of Maryland. Maryland offers Solar Renewable Energy Credits, or SRECs, as a way to incentivize solar panel installation. And, that’s just one of the many states that offer this to its residents!
Other states that offer solar panel credits include:
- New Hampshire
- New Jersey
- New Mexico
- New York
- Rhode Island
- South Carolina
No matter where you live, however, you’re still eligible for up to 30% coverage of the installation costs of your solar panels by the federal government. That helps cut back on the total costs required to get started with solar energy and makes it a much more affordable decision.
Solar Power Gives You More Stable Electricity Costs
Electricity costs tend to fluctuate drastically year to year. The reason for this is because utility companies use natural gas, oil, and coal to generate power. And, the prices for these resources vary all the time.
What that means is that you could end up paying more for electricity in one year than you do in the next. That leaves homeowners with rising electricity costs and larger monthly utility bills.
In contrast, however, solar energy draws directly from the power of the sun. Since there’s no price on the sun’s rays, you’re able to use as much as you need without worrying about whether or not your electric bills will go up.
On top of that, the more solar panels you install the more energy you will be able to generate from the sun. You can begin to store solar power so that you need to use the utility company less and less.
While other homeowners watch their utility bills continue to rise as fossil fuels run out, you’ll be able to keep powering your home at the same price. This can help you budget better and plan for future expenses without worrying about varying utility costs.
Switch to Solar Power and Lower Your Monthly Utility Bills
With all these ways that solar power lowers your total monthly utility costs, it only makes sense to switch to solar energy. It’s a great way to help you reduce your total monthly bills and save the planet at the same time!
If you’re interested in switching to solar power, be sure to get in touch with the team here at Solar Edge Pros. We’ll help you get your solar panels in place and working correctly so that you can start taking advantage of solar energy!