A monthly bill from the Pacific Gas & Electric Company is something that many California residents are all too familiar with, and often it’s higher than we might like. But now, there’s a convenient, cost-effective way to break free from your energy bill: installing your own rooftop solar system. At Simply Solar, our mission is to help customers throughout the greater San Francisco Bay Area make the switch to solar power, so we’d like to take some time to explain how home solar panels can help you save money on your PG&E bill.
How Home Solar Panels Save You Money
Installing a residential solar system is a great way to save money on your utility costs – but how does that actually work? Sure, you’re generating your own power, but how do solar panels help you save money on your PG&E bill?
Part of the savings that come from a solar system are due to generating your own power. But this isn’t the whole story: solar panels save you money in a number of ways.
For one, the power you consume from the grid will be drastically reduced. While you’ll still need to buy power from PG&E if your system doesn’t have a battery, you’ll only need to purchase the power at night, during off-peak hours. This means you’ll be able to use your electricity at night and buy it at the lowest rate available. Furthermore, thanks to California’s net metering system, you’re able to sell excess power generated by your system back to the grid. This provides you with credits that are used to purchase power when you do need it, further offsetting the cost of your electrical bill.
Finally, a solar system allows you to break away from the grid and achieve energy independence – and that pays big dividends over time. What many people forget to consider is that electricity prices are not static. The cost of electricity will go up over time due to inflation, but installing a home solar system is a fixed cost. Even if you finance the system, your monthly payments will stay the same over the lifetime of the system and won’t grow due to inflation. Over time, this adds up to a major difference from what you would have paid on your PG&E bill.