Energy costs are up and many are looking
at ways to save money on bills.
News 12’s Kristie Reeter has the Real
Deal on going solar.
Alex Giles is one of the founders of Venture Solar and they have
been busy.
"With COVID and inflation and people's cost of living going
up a lot, that's been a big driver of it. The cost of solar has also come down
at the same time so it is sort of this confluence of events, that made it lower
cost to install and more expensive to not have solar on the roof," says
Giles.
News 12’s partners at Investopedia broke down the increase in
the cost of living when it comes to energy prices.
Caleb Silver of Investopedia says “Electricity prices are one
aspect of inflation that just keeps rising month after month. They are up 17%
in just the past three years in New York, so the average household is paying
around $110 a month for electricity costs."
So how can solar help you save?
"Most people are either financing or leasing the system and
that monthly payment is going to replace the cost for the electricity they
currently are purchasing and the payment is cheaper from a day one basis,"
says Giles.
However, many companies are charging interest if you opt for a
payment plan. Another option would be to buy the panels up front.
Other things to consider is how many panels can fit on your roof
and if your home qualifies.
"Not everybody gets 100% of their power from their roof,
but so that's part of our process, we look at how much power you are using
today and then figure out how much we can offset," says Giles.
The consultation is free and there are tax credits in New York
for going solar.