If you’re thinking about investing in solar energy, you’re most likely interested in potential cost savings and helping the environment. If so, you’re probably wondering exactly how much money you can save by installing solar panels in Antioch CA.
Each year, utility costs continue to rise. During the last ten years, however, the cost of home solar panels in Antioch CA has fallen considerably.
Now, solar power is more accessible. As a result, many homeowners are turning to it as a clean source of energy. More importantly, however, many people are choosing solar power to save on utility costs.
To learn how much money you could save with solar panels in Antioch CA, read on.
Energy Freedom With Solar Panels in Antioch CA
When you purchase electricity from a utility company, you’ll continue to make payments for as long as you need power. When you invest in solar energy, however, you’ll eventually recoup that investment and access electricity for free.
Utility companies adjust their rates according to demand. With a utility company, you’ll continue to face uncertain costs during peak usage.
As time passes, electric companies will continue to raise their rates. As they do, your utility bills will increase.
Solar power helps you to overcome these issues. It allows you to take control of the cost of accessing electricity.
If you take out a loan to buy solar panels in Antioch CA, you’ll eventually pay it off. Once you do, you’ll eliminate your electric bill forever. In time, you’ll produce free, renewable energy.
When you purchase a solar system, you’re investing in something that will improve the value of your home. At the same time, you’ll immediately eliminate your electric bill. However, solar energy can also put money in your pocket—more on that in a moment.
The Basics: Saving on Utilities
On average, electricity costs 12.75 cents per kilowatt-hour across the United States. In some states, the average cost of electricity is even higher. In California, for example, residents pay an average of 17.97 cents per kilowatt-hour.
Each year, the rate for electricity in California continues to rise. On average, the cost of electricity increases by approximately two and a half percent every year across America.
In California, rates have risen by around five percent each year. In one month, however, electricity rates spiked a whopping 13-percent in Northern California.
Solar power provides relief from expensive electric bills—even as you’re paying off your loan. In comparison, you’ll spend approximately seven cents per kilowatt-hour for as long as you make payments. This amount is a considerable improvement compared to paying your current electrical bill.
As a result, you’ll enjoy the benefit of savings immediately when you install a solar system. However, those savings will get better as time goes on.
You won’t have to pay anything once you pay off your loan. Also, the cost of electricity could eventually climb to the point where it costs less to make the payment on the loan for your installation. Ultimately, solar power is a low risk, high reward investment.
Solar Energy: The Investment That Keeps on Giving
You can also earn profit by installing a solar energy system. Net metering can provide you with a phenomenal benefit—income. You could receive energy credits by selling your excess energy to the electrical grid using net metering.
Some days are sunnier than others. During those days, your solar power system may produce more energy than what’s needed to power your home. With net metering, the meter will run backward when this happens.
With net metering, your solar system will automatically pass excess electricity to the municipal electrical grid. In exchange, the electrical company will give you credits for the energy that you supply. This arrangement is a considerable financial incentive.
Different municipalities have varying rules regarding net metering. Some allow homeowners to use excess energy as a hedge against electricity drawn from the power grid.
Others allow homeowners to use net metering credits to reduce utility bills. Yet other municipalities, however, allow homeowners to receive payment for excess energy.
Net metering also offers green benefits. It reduces the stress on the power grid. By participating in net metering, you can help society decrease its impact on the environment.
Setting up Shop: Saving on Solar Panel Installation in Antioch CA
In California, residents can participate in the state Net Energy Metering Program. The program offers financial credits for the power that you generate and feed to the electrical grid using your solar system. The Net Energy Metering Program is a vital part of the state’s effort to promote the use of renewable energy.
There are also several programs that property owners can access to offset the cost of solar system installation. For example, some programs offer incentives to low-income homeowners, and others provide benefits to all consumers that install solar water heating systems.
Choose an Expert for Your Solar Installation
Now you know more about the great benefits of installing solar panels in Antioch CA. However, a solar system is only as good as its installer. Accordingly, you’ll need a trustworthy, proven contractor for the job.
HomePro Solutions has served residential and commercial business owners for more than a decade. We understand the unique needs of every client. Also, we take pride in providing customers with the best solar panels in Antioch.
At HomePro Solutions, we’ll develop a custom solution that will ensure that you receive the maximum return from your investment in solar power. What’s more, we’ll make sure that you understand all your available options. We also perform solar panel maintenance in Antioch CA.
If you have questions about solar power or net metering, please contact a friendly Home Pro Solutions solar power expert today at (925) 464-1001 or visit us online for a free quote.