1. Reduced utility power use
When you install solar panels for your home or business, we design your system with a number of factors in mind, including your home or facility’s typical electricity usage. We use your usage to determine the optimal amount of power your solar panels should generate. While you will likely still need to use some utility power, your demand will be much less, which may qualify you for lower rates. Lower energy rates and less utility power used will cut your electricity bills significantly.
2. Sell your excess power
If your solar power system generates more electricity than you need, the excess electricity flows back to the utility grid. Depending on the agreement you will have with your local utility provider, you may be able to sell the excess electricity your solar panels generate. This results in credits for future power use or even payments from your utility company.
3. Avoid rising energy prices
Your local utility company likely uses fossil fuels to produce the electricity you use in your home or business. When fossil fuels are used, electricity prices are affected by the fluctuating prices of these fuels. When you install solar panels, you generate most of your home or facility’s electricity need, so you don’t experience these price fluctuations as much as others. If you have a solar lease or power purchase agreement, you can lock in low rates for long periods, avoiding rising utility prices altogether.
Installing solar panels isn’t just good for the environment; it’s also a smart move for your wallet. Smith Sustainable Design installs solar panels in New Jersey and Pennsylvania for homes and businesses who are looking for a way to lower electricity bills. Contact us today to learn more about the benefits you’ll get when you install solar panels.