Like most homeowners, you’ll do anything in your power to cut down on your monthly spending. You’ll make fewer trips to the grocery store to cut down on impulse buys and brew your own coffee rather than swing by Dunkin’ Donuts on the daily. But when it comes to saving on your utility bills, you’re between a rock and a hard place. You know solar panels can lower your electricity costs, but they’re a huge investment. Are solar panels worth it? We think so, and here’s why you should, too.
Become Boston strong.
After taking a quick peek at your latest electricity bill, it shouldn’t come as a surprise that Massachusetts has one of the highest electricity rates in the country. According to the U.S. Energy Information Administration, the only states with more expensive rates are Alaska, Connecticut, and Hawaii. Louisiana has the lowest April 2016 rates of $9.17 cents per kilowatt-hour, less than half of MA’s $20.64 cents per kilowatt-hour. Fortunately, you don’t have to move across the country to enjoy more affordable electricity. A Boston Globe article published last spring shares that Boston is ranked second (behind NYC) among the U.S.’s largest cities which would benefit the most from potential savings of going solar. The average home uses $100 of electricity per month, and solar panels typically save Massachusetts homeowners $57 each month. Now that’s the savings we’re talking about!
Teach your children a valuable lesson.
Whether your family is all about the green movement or you recycle on occasion, it’s important for your children to understand people’s impact on the environment. You’ve already spent countless hours teaching them not to waste utilities – leaving the water on while brushing their teeth, turning off the light when they exit the room, even keeping the fridge closed unless they know what they’re looking for. These little things make a big difference on your utility bill. Installing solar panels to your home not only opens up your children’s eyes about renewable energy, but it shows them that there’s always an alternate way to do something that’s always been done. We make no promises that solar energy will make your children think outside of the box, but we hope it does.
Invest in your future.
Think of solar panels as a retirement plan for your home. How you enjoy your savings is totally up to you. You can either cash in big when you sell your home, since solar panels increase the value of your home, or you can put away your monthly savings for a rainy day (hello, dream vacation!). Do you need help saving up for solar panels? Now is the time to go solar because government incentives can cover up to 30% of a solar system’s costs.
So, how much will I save?
Well, every home is unique. There are a variety of factors to take into consideration, especially how much electricity your household uses on a monthly basis. Don’t worry – you don’t have to pull out your calculator and start crunching numbers. Schedule your free solar consultation today!