3 Ways to Keep Your Utility Bills Down After Going Solar
It may seem straightforward: installing solar panels on your home reduces your utility bills. In most cases, that’s true, but there are situations where your bill might not decrease as expected, and in rare cases, it might even go up despite having solar power.
What could cause this unexpected outcome? One reason could be that you’re using more energy than before. Perhaps you’re working from home more frequently, or you’ve recently added a new pool. Even small lifestyle changes can significantly impact your electricity consumption. Seasonal variations also play a role, with warmer months leading to increased air conditioning usage.
The good news is, there are ways to avoid higher electricity costs. Many states are transitioning to time-of-use rates, charging more during peak demand hours and less during off-peak hours. You can save by running your dishwasher or doing laundry during off-peak times. To find out the specific off-peak hours, check your utility bill or contact your local utility provider for details on your rate structure.
Life changes can also affect your energy consumption. Whether it’s welcoming a new family member or getting an electric vehicle, these changes can lead to increased energy usage. For example, having a new baby might mean more laundry, a higher thermostat setting, or late-night lighting. Running appliances or charging your EV during off-peak hours can help control costs.
If you’re considering solar energy, your Catalyst Solar advisor can guide you in assessing potential future changes that could impact your electricity needs and help size your system accordingly. If you’re uncertain, adding energy storage can provide flexibility for expanding your electricity use in the future.
Utility rates can increase as well. Apart from switching to time-of-use rates, utilities often adjust rates seasonally and consider annual rate hikes. They might also add new fees to your bill. While you can’t completely avoid these rate increases, it’s wise to monitor your bill closely.
Combining solar with energy storage can reduce your reliance on the grid, ensuring you have power when you need it most and avoiding blackouts. The Inflation Reduction Act has introduced long-term incentives for solar and energy storage, making these clean energy solutions more affordable.
All in all, solar panels are an effective way to maintain low, stable, and predictable energy costs. With electricity rates on the rise, now is an excellent time to contemplate going solar, regardless of your location. Catalyst Solar is equipped with expertise on utility rates and extensive experience in designing and installing the right-sized home solar system to meet your family’s evolving needs. Schedule an online appointment today to learn more.
