September, 2015

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How Solar Power is Saving Everyone Money

There are of couple main arguments for switching to solar power energy. Two of the most common are the environmental benefits, and the money savings. These arguments are very true, but there’s a new argument for switching to solar power. This new argument states that the rise in use of solar energy is making electricity cheaper for everyone. How is this possible?
This year alone solar power has seen tremendous growth. According to GTM research “in the first half of 2014, 53% of all new electricity generating capacity built in this country was solar”. Solar power installation also is expected to continue to rise through the rest of the year. With so many people making the switch to solar power what is happening to the electrical grid people are currently using?
A study in California showed that due to the increase of solar power usage, electricity prices were falling by 2.5% on the west coast. The increase in solar power usage isn’t the only reason electricity prices are falling, there’s more to it. But solar energy does play a huge part in the price decrease.
Use of solar power is making electricity costs cheaper because electricity from the sun displaces mid-day peaking electricity plants. The easiest way to explain it is solar installations in residential areas reduce the demand being place on the power grid. With the demand being lowered, prices are then lowered for everyone during these peak times.
As the use of solar power continues to grow the pressure on electrical grids all over the country will diminish. This effect will help save American’s more money. A rise in solar power is good for the economy as well. Installing solar energy alternatives is creating jobs and the IRS is offering tax breaks for those who help support the switch to solar energy.
Overall, solar energy benefits everyone and the environment too! If you’re ready to make the switch to solar energy call EcoElectric today! Our staff is knowledgeable and trained on solar energy or any other house hold electrical issue that may arise.