When considering solar power, the expectation is often that installing solar panels will lead to a decrease in your utility bill. While this is generally true, there can be instances where your bill may not decrease as much as anticipated or, in rare cases, may even increase despite using solar power. Let’s explore some reasons why this might happen.
You’re using more energy than before.
First, it’s possible that you’re using more energy than before. Lifestyle changes, such as working from home or adding a new pool, can significantly impact your electricity consumption. Even subtle changes in your routine can have an effect. Seasonal variations also play a role. For example, during warmer months, increased use of air conditioning can lead to higher energy consumption.
Fortunately, there are strategies to mitigate increased energy costs. Many utilities are transitioning to time-of-use rates, where electricity is priced higher during peak demand times and lower during off-peak hours. By timing high-energy activities like running the dishwasher or doing laundry during off-peak periods, you can reduce costs. Check your utility bill or contact your local utility to identify these time periods.
You’ve recently experienced a significant life change.
Another factor could be a significant life change. Welcoming a new family member or purchasing an electric vehicle (EV) can result in increased energy consumption. Additional loads of laundry, adjustments to thermostat settings, or leaving lights on during late nights are examples of changes that can impact usage. To minimize cost increases, consider timing activities like dryer usage or EV charging during off-peak hours.
When considering solar, it’s essential to discuss potential future changes with your Renova Energy consultant. This allows for accurate sizing of your system and the incorporation of energy storage, providing additional capacity for any future increases in electricity usage.
Your utility rates have increased.
It’s also worth noting that utility rates can increase over time. Along with the shift to time-of-use rates, utilities often adjust rates seasonally and implement annual increases. These incremental rate hikes can accumulate over time. While it’s challenging to avoid rate increases completely, closely monitoring your bill is advisable. By combining solar power with energy storage, you can reduce your reliance on the grid, ensure power availability during blackouts, and optimize energy usage when it’s most needed. Additionally, the Inflation Reduction Act has provided long-term incentives for solar and energy storage, making these clean energy solutions more affordable.
Despite these factors, solar panels remain a robust solution for maintaining low, stable, and predictable energy costs. With electricity rates on the rise, now is an excellent time to consider adopting solar power.
The knowledgeable team at Renova Energy possesses expertise in utility rates and extensive experience in designing and installing customized home solar systems to meet the evolving needs of your family. Try our FREE Solar + EV Calculator today to learn more about the benefits solar power can bring to your home.
