Washington Gas is asking for a $35.9 million increase in base rates, and Pepco wants nearly $30 million in increases for Maryland electric distribution rates, according to recent filings. Both companies say they need more funds for infrastructure upgrades to improve reliability of their systems.
There is some good news for rate-payers however. You can avoid paying increases if you have solar panels installed. Plus today you can pay absolutely nothing for the equipment and the installation. With a Solar Power Purchase Agreement, also known as a PPA or Solar Lease, homeowners literally pay $0 to go solar to lock in an electricity rate that is at 20-30% lower than what their utility company charges. Many people call this a no-brainer because you literally pay nothing to start saving money as soon as your solar system is turned on.
If you would prefer to own a solar system, you can save up to 100% on electricity costs, and you’ll make profits from excess energy your panels produce from both utility buy-back (net-metering) and from SRECS (Solar Renewable Energy Credits)
Besides saving money for yourself, your Solar-power system can benefit everyone in your community.
Solar-powered homeowners help neighbors who are bigger energy consumers, save money on their monthly electric bills too because solar panel systems help conserve energy so there is more for everyone. In addition, the extra electricity that is generated from their solar panels is fed back to the power grid which takes some pressure off the utility companies to spend extra funds on infrastructure updates. It also helps reduce transmission-line congestion that can cause rolling blackouts and other inconvenient power outages for repairs and upgrades. As more people go solar, utility rates will eventually go down, not up.
So, with Solar you can join thousands of others across the USA and be a part of the solution to lower everyone’s utility costs while also doing your part to help reduce pollution which makes the environment safer for you, your family, and everyone in your community.
If you have been thinking about looking into solar power, now is the best time to do it, before the heat of summer is here and electricity prices skyrocket on top of utility rate increases. Plus the federal tax credit for solar-powered homeowners ends this year, so you don’t want to wait too long.
A great way to begin your exploration is with no-cost solar evaluation where you can receive a detailed cost benefit analysis based on your energy usage, rooftop orientation, financial preferences and other factors to see if it makes sense for you. To get started, simply fill out the form on this page.
Of course, If you would like to see special offers first, click on the button below.
Written By Laureen Peck, 5/9/19