4 Ways To Dim The Power Bill By Going Solar

If you’re looking for ways to make your home not only more energy efficient but also lessen it’s overall carbon footprint and therefore your energy consumption from the electrical grid, then going solar may be the right thing to do.  On the surface, solar seems like a big investment, and it may very well be, but there are plenty of reasons to make the switch all or in part to solar energy.  Here are some of our ways to dim the power bill by going solar.

1. Less Reliance on the Power Grid

While the power grid is, hopefully, one of the most reliable services you have in your home, there are increased reasons why you may want to be less dependent or even completely independent of that precious grid we rely on so much.  If you live in bigger cities especially, then you may be at the mercy of electric providers during peak electricity usage in the summer months.

One way to avoid rolling blackouts or to generally lower your kilowatt-hour usage from your electric provider is to move to solar.  Solar, naturally, uses the sun’s energy and converts it into useful electricity.  What you don’t consume simply goes back into the power grid and, in a way, spins your meter backward.

2. Prices Are on the Rise

Solar power components, like many of our consumer electronics, are largely manufactured overseas.  If you haven’t noticed lately in the COVID-19 world, many of those ubiquitous consumer goods have become almost impossible to get in a timely manner.  The same goes for solar, and we expect to see prices for those components increase in the coming months and years.

With manufacturing in constant flux during the global pandemic, we’ve seen many of the things we take for granted all of a sudden become scarce.  That scarcity has resulted in inflated prices, increased demand, and general frustration on the part of consumers and contractors alike.  If you’re looking to go solar, now may be as good a time as any to take advantage of prices before the increase.

3. Home Electric Consumption is on the Rise

It’s no secret that more Americans are shifting to a partial or complete telecommuting lifestyle.  This shift has been happening since the tech boom of the early 2000s but has become even more of a mainstay in the pandemic era.  What this means for homeowners who work from home is that their electric bills are increasing as their at-home work time increases.

While you may not notice as much of an effect on your electric bill in the more temperate parts of the year, with air conditioning running more to keep you comfortable while you work, you’ll certainly see differences soon enough.  By going solar, you can offset some of that additional usage and potentially spend far less on your electric bill despite increase electric consumption.

4. Financing for Your Solar Upgrades

Going solar sounds like a magnificent way to offset your carbon footprint and save money on your utilities, and it certainly is, however, it comes at a cost.  Of course, it all depends on what size solar system you buy and what your expectations of it are in the long run.

One way to pay for a new solar system for your home and take advantage of historically low mortgage rates is to cash-out refinance your home.  With a cash-out refi from Tidewater Mortgage Services, Inc., you can potentially get a lower interest rate and get the money you need to make needed improvements to your home! Call Tidewater Mortgage today to find out more!

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