Electricity Bill Savings with Solar Energy

Money saved on electricity through smaller or eliminated electricity bills should be factored into your cost of solar panels calculation. Have a look at your last few electricity bills and calculate your expected energy reduction – factor the $30, $50, or $100 expected monthly saving into your solar cost analysis.

Freedom from the fluctuations of electricity prices and from the international politics of fossil fuels is an enormous future cost-benefit of solar energy.  As fossil-fuel energy prices continue to rise, solar power users will remain unaffected.

Carbon emission taxes are another factor affecting the long term cost of solar power. As we struggle with the burgeoning climate change crisis, countries are imposing their own per kg carbon taxes and emissions trading schemes to curb pollution. These taxes will increasingly make fossil fuel generated electricity more expensive, thus make the comparative cost of solar cheaper.