Electricity costs continue to rise
Here at Solaris Water & Solar Solutions, we obviously have a heart dedicated to the sun. As your El Paso solar panel system installers, we could chat about the benefits of green technology all day. However, we also like owning our power and cutting some of those monthly utility bills out of our lives, permanently.
Did you know that electricity rates are projected to rise yet again in 2021?
Year after year, electricity prices get higher. A changing climate is requiring more power from already stressed electric grids to heat or cool each season, while more electric cars are hitting the road and more residential areas are under construction.
Couple that with an unprecedented rise in residential electricity usage as many of us work from home during the pandemic. In fact, residential electricity costs are projected to rise between 1.2% and 2.8% in 2021; continuing a decade-long streak in climbing prices.
So, if you have been on the fence about solar energy, how about one more way to save some green this year?
Federal Tax Credits Will Decrease Next Year
The Solar Investment Tax Credit won’t stay at 26% forever. In fact, next year it will drop to just 22% and the following year it will disappear for residential.
If you're ready to stop renting your power, contact us and we'll help you own your power!