In 2013, the price of electricity rose rapidly, and there have been incredibly huge jumps in rates, particularly during the peak hours this year as well. Yes, we know this has had a drastic effect on your budget. So what solution can you implement to protect yourself from the rising rates? The answer lies in solar technology. During the peak hours or during the times when you need more power, you can easily switch to your own PV system rather take electricity from the grid.
In the initial period, solar may incur costs, but let time pass, and you will soon have a significant amount of savings. According to the General Manager of a reputed solar company in New Jersey, solar is a great choice for those who want to go green. The manager added that since these systems prices have decreased, it did make sense to utilize them and enjoy their advantages.
Even though the rates may have decreased, we know that installing a PV system can be a bit expensive in the initial period. The amount invested is worth it because not only do you enjoy a reduced electricity bill, your home value also increases significantly.
The General Manager also gave us some advice about home solar systems. Here is a quick look at them.
If you want to switch to solar, you have to minimize your energy consumption as much as possible. Yes, doing this automatically decreases your bills, but it will also save energy and the amounts you spend on a solar system. More energy systems means a more complex solar system, which will be more expensive as well.
The general manager of the solar company guided us that using energy-efficient lighting and appliances is a great way to reduce energy consumption.
Regulations and Bylaws
There are some areas where the law has a few requirements for solar systems. Talk to a reputed solar company in your area, and get all the details you can regarding this before you invest any amounts.
Since solar reduces the demand of the national grid, there are many power companies which encourage it. As such, they offer incentives to all those homeowners that have installed solar systems. Examples of these include free products, reduced costs, or zero interest loans. Keep yourself up –to-date with all these incentives so that you do not miss out on any great offers.