New York has some of the highest electric utility rates in the nation. Our grid is old and inefficient. One thing is for sure, rates aren’t going down any time soon.
When you know how much you’re paying for electricity, the argument for going solar becomes much more convincing. Ask yourself today: how much am I paying for electricity in New York?
There’s a simple formula you can use to determine this…
- How much am I paying for electricity in New York? Start by taking a look at your most recent electric bill.
- Note the kWh consumption figure on the bill.
- Divide the kWh consumption by the total you paid to see the average price per kWh.
The average price across the U.S. at the end of 2021 was $0.142 per kWh. In New York, the average price was $0.200 per kWh, with only Alaska and Hawaii having higher rates. How does your bill compare?
The average New York home consumes a significant amount of energy. Our climate goes through extremes and heating and cooling are essential throughout most months. If you’re like the average consumer, you could be using as much as 603 kWh per month.
In New York City and Long Island where rates are higher than other parts of the state, your electric bill could be crippling your finances, or significantly holding you back from gaining more financial freedom and security.
Does Balanced Billing Make Things Easier?
Your utility company can offer balanced billing where your usage is predicted, and the bill is normalized throughout the year with slight adjustments for real meter readings. This can prevent shock electric bills, but it’s still not the best solution.
Balanced billing will help you with your budgeting, but it doesn’t compare to making the switch to solar.
How Solar Makes Your Electricity More Affordable
With solar, you can produce a lot of your daily energy demands on your rooftop. Excess production gets exported to the grid to spin your meter in reverse. With Net Metering, any positive balance will go back on your bill and rolled over to the next month if you don’t use it.
Even if you use solar in the day and draw electricity from the grid at night, Net Metering will help compensate for the difference, resulting in a much lower electric bill. Some of our customers pay nothing more than a hook-up charge to the utility company when solar production is at its most efficient.
Net metering balances out your bill because even during the winter when production is low, your credits will help to reduce what you pay.
Things get even better with battery backup. You can store electricity before sending the excess to the grid. In the evenings, you can deploy from your battery so that you won’t have to rely on the grid at peak times. If the grid goes down, your solar battery can go into backup mode to power essential circuits in your home. Blackouts are no longer an issue with battery backup.
A Better and More Affordable Way to Power Your Home
Energy independence means paying less, enjoying more reliability, and saving more. Solar panels in New York can eliminate ridiculous electric bills forever. How much are you paying for electric services? Imagine what you could do with the savings if you had solar.
We’re standing by for your ballpark estimate and cost/benefit analysis. We provide the information. You make the choice.
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