South Carolina customers of Duke Energy Carolinas could soon be facing drastic rate-hikes as part of a proposal made by the power company last year. Should the proposal be approved by legislators, there will be a 12 percent rate increase beginning June 1, 2019. On average, this rate increase will cost customers an additional $15.57/month for power (almost $200 more/year).
Fortunately for Duke Energy customers, there is still time to avoid these likely increases.
Solar energy is the most efficient and effective way to remove yourself from the grid and become energy independent, while also contributing to a cleaner environment.
Solar energy systems use the sun as their source by converting its energy into usable electricity for your home or business. And with rapid advancements in technology, the efficiency of solar systems has skyrocketed. Not only can PV cells absorb more energy, but the systems are also able to store more energy, which you can use for a rainy day or even sell back to your utility company.
Possibly the most attractive aspect of solar energy is that the source of energy is completely free—unlike traditional sources of energy (fossil fuels). Additionally, installing a solar energy system has never been more affordable, with payback periods beginning in as little as five years and savings on electricity upwards of $20,000 over 20 years. It should be: Not to mention, the Federal Tax Credit will remain at 30 percent for 2019, meaning that if you purchase a solar energy system in 2019, you will receive credit of 30% against the cost of the system if you owed that amount in federal taxes.
Going solar also provides environmental benefits by reducing pollution in the air, and in turn creating healthier air to breathe for us (and our furry friends) as well as limiting the harmful effects of climate change.
There has never been a better time to go solar than now, both for the environment and for your wallet. Contact us today for a free phone consultation to learn more ways solar can benefit you!