It's All About Home Solar Economics

HOW YOU PAY FOR YOUR HOME’S ENERGY

Almost all of us are dependent on our utility companies to sell us electricity. These companies—sometimes public and sometimes private— charge us for the number of kilowatt hours we use per month. This means that at the end of the month, our bill amounts to the number of kilowatt hours we consume multiplied by some rate, which fluctuates over time.

WHAT’S WRONG WITH THE CURRENT MODEL

Utility companies hold monopolies over us as consumers, which gives us no competitive pricing options and no choice when it comes to our electricity consumption.  The result is that utilities can charge grid-tied homes any rate they want and we, as consumers, can’t do anything about it. And most of us feel that we pay too much for electricity. What’s more, electricity rates are high now and will only rise in the future.

YOU’VE NEVER HAD A CHOICE - UNTIL NOW!

Today, the economics of going solar finally work in our favor. While home solar energy systems still come with a high price tag, federal and state rebates drastically reduce the prices of these systems. What’s more, most homes overproduce energy, which public utility companies are required to buy from you at the same rate they charge customers. This system, called Net Metering, makes it even more possible to go solar now. By offsetting the number of kilowatt hours you use per month, net metering can save you major money on your monthly electric bill.

Home solar panels free you from the monopoly of conventional utility companies

THE POWER IS IN YOUR HANDS
TO MAKE A BETTER WORLD

It’s not just the money we’ll save that should motivate us all to go solar—it’s also the net reduction in our carbon footprint that we should consider. The average family using a solar energy system reduces their carbon emissions by around a quarter million pounds over ten years. This is a massive amount of carbon that we can keep out of the atmosphere. The bottom line is … now that we’re able to save both money and the environment, it’s time to say “yes” to going solar today.

A Few Solar Statistics

90%
Overpaying for Utilities
An estimated 90% of Americans are overpaying for their monthly utilities, including electricity, and limited energy choices have played a large role in this frustration.
30%
Federal Solar Investment Tax Credit
Homeowners who switch to solar by 2019 will save 30% on the up-front cost of the system.
1%
Solar-generated electricity
In both the U.S and around the world, solar-generated electricity represents a mere one percent of the total electricity used. This means there’s room for major growth.
39%
Rooftop solar potential output
Across the US, there is enough residential roof space to generate 39% of the country’s electricity needs using rooftop solar panels.