5 Ways Solar Energy can Lower Your Energy Bill
You’re looking at your utilities for July. They’re high. A lot higher than you’d expected. But with everyone staying inside, and the AC being on all day, and video calls for work, etc., you’re not too surprised.
With even more summer days looming, and lots of indoor time in store, you know this isn’t a spike you can afford to maintain. You start asking yourself, “How can I lower my energy bill next month?”
Sure, you could try unplugging all the lamps in your house when you’re not using them. Or you could try finding a less expensive source of energy.
And as it turns out, renewable energy is one of the most affordable ways to power your home! And installing solar energy in your house is a great way to cut costs.
Here’s 5 ways solar energy can lower your energy bill:
1) Solar energy costs less than fossil fuels or natural gas
Time and again, solar energy is proven to cost significantly less than fossil fuels or natural gas. Today, fossil fuels and natural gas energy costs between $0.05-0.17 per kwh. Solar energy typically costs between $0.03-0.04 per kwh. With solar energy costing less than half of fossil fuel, it’s easy to imagine how much money you’d save month over month.
You can easily request a customized quote from Solar Me with more details on how much money you’d save! Click here to get started.
2) You can sell energy back to the grid
Net metering is a great way to save money on your utility bill. How does it work? Any energy that’s generated by your solar panels is sold back to the energy company, which then acts as a credit against your energy bill. So the more solar energy you create, the more savings you’ll have!
And luckily, solar panels generate energy rain or shine. Solar Me can install your solar panels so that you’re sure to get the most sun throughout the year.
3) Get solar energy for more than half of the year
While you’re thinking about how to save money next month, why not think about how to save money all throughout the year? The sun shines bright even during the winter months, and can help your home save money on utilities year round.
So while you may see the highest savings during the summer, you’ll still benefit from solar energy savings during the fall, winter, and spring!
4) Tax credits available through 2020
Have a reason to be excited for tax season - solar panel installation provides many tax incentives and benefits! New Jersey residents are able to claim a tax incentive credit of 26% of installation price until December 31st 2020.
This rate goes down in 2021, so it’s a good idea to install your solar energy system while the percentage is higher. Curious what your tax break might be? We can send you a contactless quote within 24 hours.
4) Erase energy bills next summer
So you’ve got your energy bill down in August (phew!) but let’s fast forward to next summer… All your energy woes are gone! You don’t have to worry about your previous summer spike, because with all that good sun, you’re saving even more money than before.
Summertime energy bills tend to nearly disappear when you have longer days, so you’ll be able to reap the benefits even more next summer.
We know that this has been a particularly expensive year for homeowners. So finding ways to cut costs for the long haul is always a good investment.
Contact us today to receive your free customized quote! We’ll be happy to answer any questions you may have.
References:
https://www.eia.gov/consumption/residential/reports/2009/state_briefs/pdf/nj.pdf
https://www.state.nj.us/rpa/Understanding%20Electric%20Bill.pdf
https://www.bls.gov/regions/new-york-new-jersey/news-release/averageenergyprices_newyorkarea.htm
Written by Megan Carver | November 15, 2020
