One of the major benefits of installing a solar power system in your home is that you can eliminate or reduce your monthly utility bills. For businesses and homeowners, monthly utility bills often make up a large chunk of their entire budget. An individual who pays $100 a month on utilities will end up paying $1200 in a year. In 20 years’ time, assuming there are no price change, this is a $24,000 expense on electricity alone.
However, utility rates are rarely stagnant. Instead, they generally increase every year at a rate of 2.5% to 7%. This means that the $24,000 is likely a low estimate. Unfortunately, gradually increasing electric rates can be unstable and unpredictable, particularly if electric power generation in your area depends on the price of gas.
So why wouldn’t you install solar panels on your home? With a high-quality solar system you can protect yourself against most future increases in electricity costs by generating your own power and becoming more energy independent. Most customers see huge savings start as soon as their panels are installed. What’s more, as most utility costs are estimated to keep rising year after year, your savings will also continue growing yearly over the 25 – 30 year lifespan of your solar panel system.
For anyone who wants to save money, control costs and avoid unexpected energy price fluctuations in the future, installing solar panels and a solar PV system is the perfect solution. If you are looking to finally go solar in Los Angeles, United Express Construction is the perfect fit for the job.