Electricity rates will always go up. This is inevitable. The pressure on resource scarcity coupled with a changing political environment is said to be the cause of such rate increases. Energy experts and research shows the inevitable rise in electricity rates due to the dependence of electrical producers on fossil fuel. While North America is starting to delve into alternative energy resources, energy prices will still surge up to 64%, or $120 a year. Some say the increase may be as high as 5% annually. One thing is certain, electricity prices will increase.
Can anything be done about it?
You can either tighten your belt more or find a cost effective way to free yourself from the rising cost of energy while at the same time promote a more sustainable environment. You will experience more financial opportunities if you choose solar power.
A cost effective solution
Solar power is a renewable form of energy since the source of energy is from the sun’s heat and nothing else. It plays a large part in the world’s movement for a green agenda since it reduces carbon emission. Solar power even minimizes or eliminates the use of nonrenewable resources. One way to combine solar power with the electricity grid in your home is to use solar panels. These solar panels are a collection of solar cells that works together to collect solar energy and converts it into storable electricity.
With innovative solar panel and power cell installation, you will be able to save money while at the same time reduce your carbon footprint and the damaging effects of global warming. In actual fact, the solar panels can generate a “return” through rebates and incentives. Since you are using renewable energy produced by solar panels, it can help you save money on electricity bills. Studies have shown that by using home solar panels, you can save up to 80% on your electricity and other utility bills. This could be a big help especially during these challenging economic times.
Solar panels and solar power cells do not need human intervention to work because they require only minimal maintenance. Home solar panels do require some cleaning once every 6 to 12 months. Sometimes, a strong downpour is all it takes to do the trick. However, it would still be wise to clean out the panels in order to just check up on them.