What Do Utility Companies Really Think of Home Solar?

Electric utility providers, throughout the country, have not been enthusiastic about consumers making the switch to home solar systems. Why? There are actually several reasons why:

1. Reduced Income

With every homeowner that installs a home solar system, their utility company has decreased revenue. Power company executives are concerned that the solar trend could eventually put a significant dent in their profits. With rising infrastructure and operating costs, utility companies’ financial concern is legitimate.

2. Inconvenience

Utilities also gain efficiency by processing bills the same for every customer. With solar customers, there are additional steps and associated costs. For example, setting up net metering accounts and handling inquiries related to home solar systems.

3. Control

At the end of the day, utilities want to maintain their control of energy production and distribution. And it’s this issue that has propelled many utility companies to fight over who profits from solar.

Solar panel installers, homeowners with systems, environmentalists and even some legislators have united in some cases to battle anti-solar policies that place profits over energy efficiency and environmental protection.

As the price of solar power continues to drop, utilities will have no other choice than to adapt or be defeated. The value of solar has been established, and growing numbers of homeowners and businesses are choosing to install systems to generate their own power while helping to make a positive impact on the environment.

Want to learn how you can decrease dependency on your utility company by harnessing the power of the sun? Call Cool Blew Solar today for a free quote at 623-234-2836.

FAQ's

Is Solar Energy Expensive?

The size of your panel installation and the needs of your home will affect your costs. The average net cost of a 5.69kW system is $13,838 cash after 30% rebate (according to solar-estimate.org). An average-sized system can cost up to $35,000. Larger installations will require more hardware, planning and construction time. This can further increase costs. While solar panels are expensive, they have many distinct benefits. Cool Blew Electric & Solar’s experts can assess your situation and goals and recommend a cost-effective system to meet your needs.

How Much Can I Save By Installing Solar Panels?

An average-sized system (5 kilowatts) can reduce up to 50% of your monthly electricity bill. A 5.69kW system would offset 100% of your energy usage if your typical monthly bill is $138. Over a period of 20 years, these savings can add up to $30,000, based on your location and energy usage.

How Long Would It Take to Recoup My Solar Investment by Solar Energy Savings?

With a 5.69kW Solar system you would recoup your savings in 7 years and 2 months but with continuous Utility increases every year your Return and Investment will be much sooner.

What is a Solar Lease Program?

The Solar Lease Program has been one the most popular option that homeowners have chosen over the years. Solar Lease programs gives homeowners the opportunity to take advantage and put Solar on their homes and a guaranteed savings from their Utility for little to no money out of pocket. Most Leases are 20 year power guarantee from the solar provider and includes fixed monthly payments, no repair cost, fully insured and warrantied for the life of the system.

Blog