There are numerous benefits that come from going solar. First benefit you will receive from switching to solar is the amount of money you will save. There are many solar programs that will help you benefit the most out of your solar panels. The second benefit is that you are going to be producing energy the smart way. That same solar energy that warms the country can be captured and used to power your home. Third, you will invest money in your home when you go solar. If you are a homeowner, consider going solar to add more value for your property.
Choosing to use a solar system will allow you to drastically reduce your monthly electricity bills. This is a great way to go since electricity costs are only going up. According to the United States Department of Labor, Los Angeles households paid 18.6 cents per kWh for electricity in May 2017, that was 35.8 percent more than the nationwide average of 13.7 cents per kWh. Last May, electricity costs were 58.6 percent higher in Los Angeles compared to the nation. In the past five years, prices paid by Los Angeles area consumers for electricity exceeded the U.S. average by 35.8 percent or more in the month of May.
How much are we consuming?
In the United States, a rule of thumb is that each home consumes electricity at a rate of 1 kW per hour. There are 730 on average hours each month, the average price of kWh of electricity is $0.10. So the bill will come up to 73 for 730kW of electricity. Los Angeles prices are sky rocket when it comes to electricity bills, practically paying the double of what the nation is paying. Going solar will help you reduce your electricity costs drastically.
The price to install your own solar system depends on how much is going to be need. Key elements to keep in mind are the amount of electricity is used in the home. Big and small appliances make a difference in price costs too. If you are going to be installing solar in a big home, it might require a couple of more panels to assure the house is fully powered.
These prices reflect the cost of a solar energy system after deducting the federal solar tax credit, which reduces your solar system cost by 30 percent. Some states, local governments, and utilities also offer rebates and other tax incentives that can further reduce the solar system costs.
This has got to be one of the many smart investments many owners have done in the past. Installing new solar panels will make your property value go up. If you decide to leave the home and have not finished paying for the installation there are ways to transfer those payments over to the new homeowners. This way you don’t feel like you are entitled to live in the home for many years. If you want to know what you are qualified for or what plan fits best for you, please call Solar Connection at (888) 988-4963 or email us at ask@solarconnection.com