It’s not a secret that utility rates are rising more and more each year, and it’s getting harder to catch up with these soaring prices. Your first thought might be to reduce your usage—and while cutting out unnecessary consumption and being more sustainable in your everyday life can help cut down your bills, it’s still only a temporary solution.
So what can we do to protect ourselves from these never-ending rate increases?
Why Is My Power Bills Going Up?
There are a lot of reasons your power bill might be going up.
Appliances: Appliances can use up a lot of electricity, especially if they’re being used inefficiently. In fact, a lot of appliances actually never completely stop drawing power, even when they’re not being used. Unused appliances can add up to roughly 10% of your overall energy usage.
Grid Maintenance: Sadly, the grid is aging, and the cost to maintain equipment and the distribution system is growing every year, and those costs are being reflected on your bills.
Inflation: We’re seeing a lot more inflation in recent years. Costs are rising everywhere, and utility rates aren’t an exception.
Lower Your Bills With Solar
Solar is one of the best long-term solutions to save money on electricity and allows you to have more control over your electrical consumption. By producing and using your own energy, you’ll need less from the grid. Many utility companies also have net-metering programs, which makes saving with solar even easier since you won’t need expensive batteries, either.
There’s also a big misconception that solar is too expensive and not worth the huge price tag. We’re here to let you know that going solar is more affordable than you think, especially with Polaron’s financing program, that can go as low as 0%. We always try to make sure your monthly payment with us is similar to your current power bill so you won’t be paying more every month for a solar system.
The great thing about financing is that your payment with us stays the same for the entirety of your financing term. This means every time your utility company bumps up those rates, your savings increase too. Best of all, once your term is done, the panels are completely yours, and you get to enjoy many more years of savings without having to worry about expensive utility bills ever again.
Get Credits in Exchange For Excess Electricity
You might be wondering how all of this works. Most solar homeowners stay connected to the grid to take advantage of net metering.
Net-metering is a great program that allows homeowners to use the grid as an affordable battery. Anything produced by your system will be used by your home first. Sometimes, especially during the summer, your system will produce more energy than you need. That’s where net metering comes in. You can send your excess electricity to the grid in exchange for credits you can use against future power bills.
With the right system, you could reduce the energy portion of your power bill all the way down to $0 annually. The only thing you’ll still have to pay for are the fixed costs, such as your admin fees.
Taking Control Of Your Electricity Bill With Polaron
If you’re considering a solar PV system to offset your rising power bills, Polaron can help. We take care of everything from design and applications to installation and maintenance.
Get a free quote with Canada’s number 1 solar installation company.