A homeowner in Southern California explained how they managed to avoid a significant increase in their area's electric rate.
The OP shared a message they received from the utility provider Edison, which stated that "residential electric rates will increase by approximately 13%."
Luckily, a few years ago, the OP switched to solar energy and added a home battery, so they don't have to worry about the increasing electric rates.
"I'm about 3 years in and save about $350 a month. It's 100% power backup and has already come through a few times there," wrote the OP. "I fill up my EV at almost no cost. It was one of my favorite investments ever."
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The OP also noted how they were able to get $12,000 back after installing solar panels, thanks to tax incentives. Moving forward, it's best to act sooner rather than later since solar tax credits are expiring by the end of 2025. This could be the difference between saving thousands of dollars down the line.
Upgrading your home to solar energy is one of the best ways to reduce your energy bills to or near $0 while decreasing your environmental footprint. By going solar, you'll significantly decrease the total amount of heat-trapping gases your household releases, helping to combat rising global temperatures.
For homeowners looking to go solar, EnergySage offers free tools that give you solar installation estimates in just a few seconds. With the help of EnergySage, you can compare quotes from vetted installers and determine the best solar option for your home.
EnergySage also has a mapping tool that breaks down the average cost of solar installs on a state-by-state level, along with incentives for each state. By taking advantage of these free services, the average person can save up to $10,000 on their solar purchases and installations.
While purchasing solar panels may not be in everyone's budget, there are still ways to reap the benefits of solar power. Leasing panels, for example, is a great way to go solar without the upfront costs of an installation. With Palmetto's LightReach solar panel leasing program, you can install panels for no money down, locking in a low energy rate.
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