The cost of energy is a growing burden for many households. Fossil fuel prices are volatile and influenced by unpredictable market conditions. Solar energy, on the other hand, is stable, renewable, and abundant—an energy source that requires no monthly fee from nature.
Utility bills across the U.S. rose by an average of 14.3% in 2022 compared to the previous year, according to the U.S. Bureau of Labor Statistics. Solar energy offers relief through stable pricing. By installing solar panels, you can effectively freeze your energy costs for decades, immune to the spikes from rising fossil fuel costs.
Switching to solar means significant long-term savings. Households with solar panels can save between $10,000 and $30,000 over 20 years, depending on location and energy usage. These savings increase with tax credits like the federal Investment Tax Credit (ITC), which allows homeowners to deduct 30% of the installation cost from their taxes.
Leasing solar panels is another way to ensure financial predictability. With locked-in solar rates for up to 25 years, families can plan their budgets without worrying about fluctuating utility bills.