Solar energy has long been booming in Utah. If you’ve wondered when is the right time for you to make the switch, read below to learn how choosing solar energy in the next 3-6 months will save you money in the long run.
Why You Save Money with Solar
One reason that solar currently saves you money in Utah is because of something called net metering. Net metering is a solar incentive that allows you to save the excess energy in the grid when your panels create more electricity than you need. Since your panels generate different amounts of electricity during different times of the year and different times of day, this allows you to produce enough energy and to save the energy you produce to get you through the whole year. With net metering, homeowners are credited for the energy produced by their solar panels at the same rate they would pay to their utility. This saves you quite a bit of money.
Changes in the Coming Months
In the coming months, the price that Rocky Mountain Power will credit back to solar customers for their power will be decreasing, which will make solar energy less of a money-saver in Utah. This is because the current rate forces Rocky Mountain Power to pay more for solar power than is necessary which increases costs for customers who don’t use rooftop solar panels. Essentially, Rocky Mountain Power is losing money because of the net metering system so they are creating a plan that saves them more money.
So Then, How Do You Save?
After hearing about these changes, you might have the question of how you can still save money with solar despite these changes. The short answer is by switching to solar in the next 3-6 months. Anyone who gets solar on their home before that change will be grandfathered into the current rates (which are currently over 80%).
What Does This Mean For You?
All this is to say that anyone who switches to solar in the next 3-6 months will be exempt from any rate changes by Rocky Mountain Power in the future. You will be locked into previous rates in Utah and will therefore save much more money. If you’ve been thinking about making the change, now’s the time to do it. Mynt Solar, Utah’s highest-rated solar company, is committed to providing the best possible price and service in the industry.
Contact us today for your free consultation.