Solar electricity rate Vs. Regular electricity

Owning a home is good for one good reason. One is going to consider better sources of energy, apart from grid power. Number of solar panels installed is going to make the decision part easier. A homeowner buying solar panels enjoys the fruits of it forever. Federal taxes credited back scaling up to 30% happens with them.

One thing keeps raking up the billion dollar question. Is solar electricity cheaper than grid electricity? Getting subsidized there goes a debate, “solar electricity rate Vs. Regular Electricity”. Approximately, it costs about $6.20 per watt. Much cheaper than the average cost of regular electricity!

Subsidized solar energy

Figures say that usage of solar power has increased with time in the past 15 years. Apart from federal tax, under subsidized solar parity people receive incentives, even if it’s going to be a purchase or lease from third parties.

In case of leasing, it doesn’t cost much. However, leasing from third parties involve solar costs varying slightly. Customers paying federal tax have their own perks. They aren’t going to pay ¢12 per kilowatt. Buying their source under subsidized solar parity, it’ll be ¢7 per Kwh.

How far solar energy serve better than regular electricity?

More number of panels installed, more the users save on electricity bill. After all sun gives more than it takes! One more goodness that’s offered since 2011 would the cost of solar installation reduced to a fair scale. Planning of utility is required. Using up most of the energy during day would save thermostat bills.

Most of the Americans find it lighter these days to look into their electricity bills.

Unlike regular or grid electricity, solar energy yields back in the form of RENEWABLE ENERGY INCENTIVES.

Solar incentives have increased up to 30% in most of the states.

(Pictures courtesy: WWW)