Save money with solar panels

Save money with solar panels

There are 1 comment on the story from Jun 29, 2014, titled Save money with solar panels. In it, reports that:

Installing solar panels can be a great way to reduce your carbon footprint, but it can also be a good way to save money on your energy bills.

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La Quinta, CA

#1 Jun 29, 2014
"Generating your own electricity. The main thing that most people think of when they consider solar panels is the ability to generate their own electricity without having to rely on the local power company. "

Over the years, the average increase in electricity rates has been about 1% per year for at least the last 30 years. Now they come in spurts of 5%, 6%, 7%. The Electric Utility will want a 10% rate increase, the PUC allows 5% and pats themselves on the back.

You can get a pretty good sized system on your home for around 30K installed. If you put that 30K in the bank and the bank invests it for their gain and gives you a paltry 0.5% to 1% interest. If you put that 30K on your roof as a solar PV system you decrease or eliminate your electric bill for life.

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