I KNOW you are thinking about how to beat that high cost of electricity, now that the summer months are around the corner. Price increases from power companies just don’t ever seem to stop. Running that air conditioning and your pool equipment might end up costing you a small fortune this season – a big price tag for just beating the heat. It may be time for you to take a look at solar energy for your house to offset the high cost of electricity.
You don’t need to be confined to one side of the political aisle to know that installing a solar array can benefit you in many different ways. In fact, the installation of solar panels can actually pay for itself, and in less time than you would imagine, if it’s done right. With the high cost of electricity, it’s certainly worth a look to see what the benefits of solar would be for you!
First of all, the Federal government passed a bill in August of 2022, increasing the solar tax credit to 30%, and now including battery installations. This makes a significant impact on your ROI (Return on Investment).
It’s also important to know that solar panels these days are so much more technologically advanced than they were years ago. They are also the cheapest they have been in years!
Additionally, you’ll be able to see the savings on your power bill right away. Although the amount saved on your bill can vary based on a bunch of factors (Roof pitch, size of your installation, building orientation, energy consumption, etc.), you can likely expect to see savings of 30-80% on the average. Obviously, some months of the year will see more solar irradiance than others, but it is pretty awesome when someone shows us their power bill for – $0.75.
Yes. You read that right. NEGATIVE 75 cents.
Finally, your solar installation would have a positive impact on the environment. Your solar panels would be turning the sun’s rays into energy for consumption, reducing the need fossil fuels and also carbon emissions.
There are many more benefits of going solar. Why not reach out to OGW Energy Resources to see what works best for you?