It seems intuitive: you install solar panels on your house, and your utility bill decreases. Generally, that’s true. However, in specific situations, your bill may not drop as much as anticipated, and in rare cases, it might increase, even with solar power. So why might this occur?
You’re consuming more energy than before.
Perhaps you’re working from home more frequently, or you’ve installed a new pool. Even minor lifestyle alterations can significantly affect electricity use. Seasonal changes also play a role. For instance, during hotter months, you may use your AC more often.
Fortunately, there are strategies to ensure you won’t be penalized for requiring more electricity. Many utilities are transitioning to time-of-use rates in several regions, charging more for electricity during peak demand and less when demand is lower. Performing tasks like running the dishwasher or doing laundry during off-peak periods means you’ll pay less. To determine these times, examine your utility bill or contact your local utility.
You’ve just undergone a significant life change.
Whether it is a new family member or an Electric Vehicle (EV) purchase, life changes can be thrilling. However, they often mean increased energy consumption. For example, a new baby might mean extra laundry loads, a change in thermostat setting, or late nights with lights on. Running your dryer or charging your EV during off-peak times can help prevent increased costs.
If you’re considering solar energy, your consultant can discuss potential changes in your future that may impact your electricity use. This helps to size your system properly. Also, adding energy storage provides extra capacity for increasing your electricity use later.
Your utility rates have increased. In addition to shifting to time-of-use rates, utilities often modify rates seasonally. Most utilities contemplate at least an annual rate increase. Over time, these changes accumulate. It’s also not unusual for utilities to introduce new fees to your bill.
While there’s no foolproof way to avoid these rate increases, monitoring your bill is always wise. Combining solar and storage can lessen your dependence on the grid (no more blackouts!) and reserve energy for when it’s needed most. The Inflation Reduction Act has offered substantial long-term incentives for both solar and energy storage, making these clean energy solutions more affordable.
Considering everything, solar panels provide an excellent way to keep your energy costs low, stable, and predictable. With electricity rates continually rising, it is the ideal time to contemplate going solar. The team at SUNSOLAR SOLUTIONS has extensive knowledge about utility rates and vast experience in designing and installing suitable home solar systems to meet your family’s evolving needs. Try our FREE Solar + EV Calculator today to learn more.