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August 2018

Lower your electricity bill and reduce high energy costs

Lower your electricity bill and reduce high energy costs 2518 1687 Sunlux

If you’re a homeowner without a way to lower your electricity bill, every month can be costly. To lower your electricity bill, you’ll need energy sources that won’t result in high energy costs. Luckily, the solar industry offers pv systems (or solar power systems). These solar installations aim to help you save energy and money.

Let’s begin with the rise of high energy bills. Later, we’ll talk about how to lower your electricity bill with solar energy.

High energy costs

First, what are high energy costs? High energy costs are residential energy costs that meet or go beyond home energy cost guides. Coal and gasoline are popular fuels that are used too much. Burning a lot of fuel passes energy limits. Solar power can put an end to high energy costs because homeowners move away from these materials.

Energy bills

Choose Energy  gives data on the status of your energy bill. The average homeowner in the U.S. is charged 13.15 cents per kilowatt-hour. In California alone, the cost of electricity has gone up 3.4% since 2017. Homeowners are now dealing with a high residential electricity rate of 18.91 cents per kWh. In other words, high energy costs create an average electricity bill of $100 or more. Also, appliances like the air conditioner or water heater raise utility bill prices. That’s a big price for comfort. Trending utility rates suggest energy bills will only continue to rise

It’s easier than ever to afford solar. Click here to lower your energy bill with flexible payment options backed by the best warranty offered today.

The grid system and power plants

Utilities get power from power plants. Sadly, power plants supply the consumer with extra costs. These costs are from problems with grid systems and power plants. The price of electricity is also based on power plant costs, maintenance of transmission and distribution systems, weather conditions, and regulations. Energy Information Administration adds that high electricity demand will result in higher costs to create electricity. Remember high energy costs? They promise higher energy bills in order for power plants to keep up. Without the help of a solar power system, these factors stop you from being able to lower your electric bill.

Lower your electricity bill with solar

From the start, solar can lower your electricity bill. Instead of a grid system, solar connects the homeowner with renewable energy. Solar power systems use the sun—a free resource. You’ll get extra energy for your solar installation to create and for you to use.

Plus, homeowners won’t have to worry about weather damage to the power plant or the rising price of fuel costs. The best solar panels have systems in place to guard against bad conditions. Of course, solar installations shift from fuel resources, so dealing with high energy costs won’t be a problem. Solar power systems lower your electricity bill and power your home without bringing the baggage.

You’ll also benefit from higher electricity rates in your area if you have solar. As utility rates rise, so too does the amount of money you save with a solar power system. You’ll save as much as $1,200 per year, or $30,000+ during the solar panel system’s 25+ year lifetime.

The graph below compares rising utility rates. Notice, also, that solar energy rates lower every year.

Figure 1: International Renewable Energy Agency (IRENA) and EIA.

Installing a solar power system reduces your high energy costs. That’s because you won’t need to burn extra material for energy. Instead, you’ll get power from reliable solar power. The best part? The cost of this energy source is very low. Lower your electricity bill with peace in mind.

Future of Solar Energy Will Soon Come to Fruition | Sunlux

Future of Solar Energy Will Soon Come to Fruition | Sunlux 1536 1535 Sunlux

The future of solar energy looks great. In a nut shell, it’s because solar promotes long-term sustainability. This is a big plus for homeowners who are looking to make smart investments that deliver.

Moreover, greener energy dominates as a bigger shift from coal, oil, and fossil fuels arises. Researchers are constantly pushing for this promising future of solar energy, and the predictions of solar’s success are abundant.

What is the future of solar energy?

  • Renewable energy predictions

The International Energy Agency predicts that solar power will contribute more than a third of our energy supply in 2060. That year seems far, but an overall 13% of the population will use renewable energy by 2035, adds IEA. Interestingly enough, natural gases and coal usage will grow by 25% toward the end of 2035. This additional prediction by IEA implies that the conversion to solar will be tough. However, solar systems draw from the sun for free, making the future of solar energy more accessible than finite resources. Homeowners are learning that solar is beneficial in the long run.

Furthermore, the European Renewable Energy Council asserts that their countries will completely convert to solar power by 2050. A Stanford research team agrees with EREC, but instead emphasizes that 139 countries in the world will take advantage of renewable energy by that same year.

future of solar energy

Figure 1: Predictions of Renewable Energy Usage by Stanford

Because the hypothesis depends on modern energy production plants embracing renewable energy systems by 2030, skeptics state that this prediction is unlikely because it requires obsoleting the fossil fuel industry. Considering that millions of deaths from air pollution occur annually, removing unhealthy factors from the environment would be a smart move.

For many homeowners, the benefits of a cleaner world are outstanding reasons to go solar.

future of solar energy

Figure 2: Death rate from air pollution by Our World in Data

How does solar energy efficiency play a role?

  • Solar power systems provide advantages

On the technical side, solar energy systems offer three apparent advantages. First, there are no moving parts required to harness the power, effectively reducing maintenance and operation costs to a very low price. Second, the fact that solar cells do not need fuel means no fuel costs. Third, solar energy does not produce greenhouse gases, nor does it produce air or water pollution. Solar energy is already experiencing a higher demand year after year, and these notable advantages speed up solar’s forthcoming prominence.

  • Predicting low solar energy cost

The Institute of Electrical and Electronic Engineers says solar energy will be more affordable than fossil fuels within the next ten years. When the solar industry improves solar cell efficiency and creates economies of scale, the price of solar power will decrease compared to other energy sources. Sure enough, in 2018 solar panels cost less than ever before, and will only become more affordable for homeowners in the future.

future of solar energy

Figure 3: Falling Residential Solar Costs by Climate Central