Cost of Solar Matches Cost of Utility Providers

The time has finally come where the cost of solar energy competes with the utility providers and that is here to stay.

You can take advantage of this amazing opportunity with tax benefits, no-money down financing options, and many more resources are available to ensure that this investment can be financed for as little as $100/month.

With costs like that, you would be paying less than you currently are for your home electric bills.

Control Your Electricity Costs

When you begin to generate your own solar power, your electricity bill can drop significantly. How much you can save will depend on the size of your solar power system and your family’s electricity usage.

You will still draw some power from the utility grid, but at a lower-priced rate tier. EnergyLink will design a plan for your solar system that’s right for your home and determine the optimal utility rate structure for your remaining energy needs.

When your solar power system generates more electricity than your home can immediately use, your excess power flows back to the utility grid and your meter literally spins backward. Most utility companies will pay or credit you for this electricity.

Your solar power system produces the most electricity during the middle of the day, during “peak” when utility rates are at the highest. This is to your advantage, because you can sell excess electricity at high peak rates in the afternoon, and buy electricity back at lower “off-peak” rates at night.

Summary

Perhaps the most enticing part about solar panel systems is that they have no moving parts, so there is very little upkeep required. Combined with excellent warranties and high quality systems, they can easily be monitored to ensure it’s working smoothly.

Residential utility companies are dependent on fossil fuels such as oil, coal and natural gas, which are vulnerable to volatile foreign markets. When you switch to solar power, you are hedging against rising utility rates.

You can secure low, predictable electricity costs for years into the future by installing solar. As utility rates continue to rise, your savings can grow every year.

Solar power can cost less than power from the utility company. Plus, there are flexible energy so you can save right away, while creating a surplus cash flow.

You can get solar for as little as $0 down or you can prepay for some of your electricity in advance to lower your ongoing monthly payments.

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