There are certain environmentally friendly technologies that are outside of most people’s price range. Hybrid and electric vehicles, for instance, have long been thought to be a luxury. But thanks to an unprecedented boom in solar power, having these eco-friendly systems installed is making solar panels cheaper than ever.
All newer technologies start out expensive, but they gradually drop in price until they’re affordable for the mass market. Thanks to solar tax incentives and an increased supply of solar-generated power, energy created from the sun is now more economical than alternatives like power plants driven by coal or natural gas in 42 of America’s 50 largest cities. So in many areas, you’d simultaneously save money and the earth simply by going solar.
A North Carolina State University study ranked the top 10 cities that are seeing the largest savings by using solar energy:
Of course, there are dozens of other areas seeing similar savings on residential solar power. Residents in cities from Massachusetts to California and Texas to Michigan are all gaining energy independence while spending less money on solar than their former utility bills.
When you combine solar tax credits with a consistently expanding solar infrastructure, it’s no surprise that residential solar system prices have dropped so low. Fortunately, they’ve not yet bottomed out. The hardware used to manufacture and install photovoltaic systems is currently dropping in price, as they’ve been doing for a while, so these systems will only continue to get more affordable.
Electricity costs are likely to increase by up to 83 percent over the next 25 years. This is undoubtedly why more people are choosing solar, and if you’re tired of high utilities bills, it’s likely you’ll take the leap as well. So call us today to talk about why solar panels are cheaper than grid electricity.
Request a free solar panel installation consultation today to find out how solar energy can get rid of those high electricity bills.