Category Archives: Cost Benefit

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

how many watts peloton

How many watts does a Peloton exercise bike use?

Peloton is all the rage, and home exercise equipment in general is more popular than ever. Their exercise bikes are more or less unique on the market in that they actually consume energy, which powers the large touchscreen on the front, where you watch and participate in classes. While not nearly as power-hungry as appliances like air conditioners or washing machines, it can be helpful to know how much electricity your Peloton uses when you’re looking at your whole home’s energy usage.

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how many watts oven and stove

How many watts does an electric oven and stove use?

We use ovens and stoves to cook all the time, and these days, electric ovens are only gaining in popularity. While not quite as power-hungry as whole-home appliances like air conditioners, it’s important to know how much electricity your oven and stove uses when you’re looking at your whole home’s energy usage, especially because they are relatively high wattage devices.

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solar panel cost and efficiency over time

How solar panel cost and efficiency have changed over time

Solar panel technology has been around in some form for a long time – Bell Labs invented the first useful solar cell more than 60 years ago, and scientists have known for centuries that the sun can be used to produce energy. However, it’s only in the last ten years or so that solar photovoltaics (PV) has really taken off as a renewable energy source. There are two major factors influencing the technology’s growth: the steady improvement of both solar panel cost and solar panel efficiency over time.

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high solar panel prices in the u.s.

Why is solar more expensive in the US than in other countries?

The cost of solar has plummeted in the US over the last five years. With solar prices dropping to an average of $2.77 per Watt for residential solar shoppers, the industry has hit a very important and impressive milestone. However, the cost of solar in the US remains higher than the cost in other countries, most notably Australia. But just how much less expensive is solar in Australia, and is it possible for the US to slash solar costs even further?

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how many watts clothes dryer

How many watts does a clothes dryer use?

Although you may only use your dryer once every few days (or even less), it can still use an impactful amount of electricity. While not quite as power-hungry as appliances like air conditioners, dryers use more electricity than washing machines, and it’s important to know how much electricity your dryer uses when you’re looking at your whole home’s energy usage.

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how many watts washing machine

How many watts does a washing machine use?

Although you may only use your clothes washer once every few days (or even less), it can still use an impactful amount of electricity. While not as power-hungry as appliances like air conditioners, it’s important to know how much electricity your washing machine uses when you’re looking at your whole home’s energy usage.

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electricity rates and solar

How electricity rates impact solar savings

Have you heard that solar panels only make sense in sunny states? Well, don’t believe it for a second – while it’s true that solar panels typically produce more electricity in sunnier areas of the country, how much you can save from installing solar panels rests heavily on one major factor: the costs you avoid paying your utility company for electricity. 

People all over the country–even those that live in cloudy areas–can reap solar savings. Generally speaking, the higher your electricity rates, the more money you can save by switching to solar.

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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 the mail and seeing a dollar total that is higher than you expect. It’s a common part of home ownership, and one that you can hear homeowners lamenting as electricity rates increase – “Why is my electric bill so high? Why does it keep going up?”.

Luckily, there are steps you can take to find the source of high electricity bills and resolve them so that you can 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 as a retirement investment strategy

Solar as a retirement investment strategy

Establishing a secure financial future for your retirement requires that you explore a variety of options, but most homeowners don’t realize that installing a solar panel system can be one of the smartest retirement investment options available. By viewing a home solar panel system as an investment opportunity, homeowners can reduce or even eliminate their electricity bills, freeing up more than $1,000 in cash each year. With the increased availability of $0-down solar loans, homeowners that lack the cash required for an upfront purchase can still take advantage of solar as a retirement investment strategy.

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