What Electric Companies Don’t Want You to Know About Solar

December 03, 2018

Electricity is big business, so it makes sense that there are some things about solar energy
that electric companies don’t want consumers to know.

Let’s look at a few of them.

WhatElectricCompaniesDontWantYouToKnow

Solar is growing

Solar energy is in every U.S. state, with 2 million installations expected by late 2018 and another 2 million over the next five years. The reason for this growth is in part due to:

  • Investment payback in eight to ten years on average
  • Lucrative federal and state incentives
  • Increasing your home value
  • Being friendly to the environment

It’s actually more expensive not switching to solar

Power companies talk about the expense of having a solar system installed. What they don’t talk about is the expense of staying on the grid and paying their electricity prices that rise 3% to 5% per year. If your electric bill is, say, $200 per month, 10 years from now you’ll have paid $30,000 to $35,000 that you’ll never see again.

Net metering can pay you back

It’s publicly known that certain utilities in most U.S. states are required by law to offer net metering to customers with solar systems. What the energy companies don’t want you to know is they may end up having to pay you for surplus solar energy you produce.

You’re better off investing in your own solar than buying it from
electric companies

Some electric companies are building their own solar-generation systems, and they’ll try to convince you to buy your solar from them rather than investing in your own system. In other words, spend money instead of make money.

Standard electricity-generation pollutes our air

Most utilities create electricity at power plants that burn coal or harvest natural gas. In 2016,
fossil fuel combustion used to produce electricity was responsible for 34% of the total carbon monoxide emissions in the United States. Overall, electricity production accounted for 28%
of all greenhouse gas emissions that year. Compare this to solar, which produces no
harmful emissions.

If you’re ready to get off the grid and start getting a return on the money you spend for electricity, now is the time to look into solar.


 

Download our eBook, The True Cost of Solar, to learn what solar energy really costs and how much your own solar installation could save you today! 

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Categories: All Energy Solar, Financial