Category Archives: Cost Benefit

Articles concerning the pricing of solar and the economic benefits of going solar.

is solar worth it

Are solar panels worth it in 2022?

For most people, solar panels are worth the investment, but they may not be right for you in some rare circumstances. However, even renters may have solar options if their property owners or managers are open to it – and if not, they might be able to sign up for community solar projects near them. In this article, we’ll help you answer the question: “Is it worth it to buy solar panels?”

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IL SRECs

What to know about Illinois’ SREC program

The best states for a home solar energy system aren’t always the sunniest; those who benefit the most from installing a solar photovoltaic (PV) system for their home spend a lot of money on electricity and live in a state with good solar programs and incentives.

Illinois may not have the year-round sunshine of the Southwest, but it does have a great solar power market because of the available financial incentives. In addition to the 30 percent federal solar tax credit (aka investment tax credit or ITC) for solar system owners, Illinois residents can receive additional financial benefits through the state’s solar renewable energy credits (SREC) market.

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cheapest time of day to use electricity to save money

What are off-peak electricity hours?

It’s becoming increasingly popular for utilities to offer time-of-use (TOU) plans to their residential customers. In a standard electricity plan, you pay the same rate for your electricity regardless of the time of day. However, with TOU plans, the rate you pay for electricity depends on the time energy is drawn from the grid. So, you’ll pay different amounts based on a schedule developed by your utility company of peak hours, off-peak hours, and in some cases, super off-peak or partial-peak hours. We discuss what this means for you and how it impacts your electric bill.

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how many watts refrigerator

How many watts does a refrigerator use?

On average, a refrigerator uses 300 to 800 watts of electricity, depending on how old the model is. Most refrigerators use between 3 and 6 amps and about 120 volts. Your refrigerator is one of the larger electrical appliances in your home, and it’s always on! If you’re looking to cut down on your electrical bill or estimate how many solar panels you need to keep your home up and running, understanding how many watts of electricity a refrigerator uses is one important piece of the puzzle.

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electric bill too high troubleshooting

Why is my electric bill so high?

If you own a home, you’ve probably experienced the shock of opening your monthly electricity bill in your mailbox or email and seeing a higher dollar total than expected. It’s a standard part of home ownership, and you can hear homeowners lamenting as electricity rates increase – “Why is my electric bill so high? Why does my power bill keep going up?”

Luckily, you can take steps to find the source of high electricity bills and resolve them to minimize the impact on your wallet. Here are some ideas to start the troubleshooting process, along with some suggestions on what to do about your high electric bill.

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Solar payback period

What is the payback period of solar panels?

The financial benefits of going solar are now well documented. Solar panel systems actually function as investments with strong rates of return, and homeowners generating solar electricity can avoid paying increased utility rates by eliminating their electricity bills. Multiple studies show that installing solar panels on your home can even increase your property’s value! If you’re reviewing multiple quotes, there are plenty of metrics that can help you make a decision about which solar option is best for you, but most solar shoppers rely on one metric in particular: the solar panel payback period or break-even point.

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how many watts house

How many watts does it take to run a house?

Most homes are connected to the electrical grid, which supplies the electricity to run all of the appliances and devices inside. If you’re looking to size a solar system or purchase a generator for your home, it’s important to think about what appliances you have in your home, and how many watts they all might use. In order to fully understand you’ll need to know roughly the number of appliances you have, the size of your home and where you live.

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