Will I still have an electric bill?
We all know that the sun is a renewable resource, which means it can never run out of energy. Yet, most people still complain of receiving a bill while tapping into solar energy.
Even though buying the system outright and paying cash is initially costly, it will still save you more in the long run because you won’t have to worry about paying monthly electricity bills again. However, whether you are paying Cash, Financing or leasing, you will still pay something to your utility company
Is that right?
Yupp.
Every state has their own rules and fees associated with their Net Metering, This is NOT a one size fits all but for Illinois specifically, you will always have to pay at least a small connection fee. There is no way for us to get your bill completely to zero dollars. The reason being is because this is a grid tied system, and let’s face it, there will be some cloudy days sometimes. In order to ensure that you have power in times where the system is not producing, you will still be able to use your utilities grid to ensure power is always running to your home.
The other thing to consider is that sometimes we may not be able to produce 100% of your home’s usage, which means the remaining power the system cannot produce, will be charged by your utility company at their current rates. Our goal is always to try to get you offset as much as possible, but that is not always in our control. For instance, if there is not enough space on your roof to cover the amount of power you need annually, then we can only give you the amount of power that will fit.
Here is an example. Lets say you use 10,000 KW hours throughout the year with your current utility company. Due to little roof space, we are only able to give you 80% offset, which covers 8,000KWH throughout the year. You will still be paying a 20 percent payment to the utility company which would be 2000 KWHours at their rate. Hope that makes sense.
You may be asking yourself the question, is solar truly worth it for me?
That depends on what you believe or deemed to be worth it.
In our area we find that people are paying a generous amount per kilowatt on average. We are able to offer our customers the same power but at a FRACTION of the price. We can sometimes get the kilowatt cost to as little as $.10 per kilowatt and that’s locked in for the duration of the term on your agreement. The utilities’ price increases are about 4% on average every year. With Solar you no longer have to worry about that big increase, if we can offset enough of the power for you, we will make it so your rate becomes fixed for 20 years!