When is the Best Time to Get a Solar System in San Antonio?
There are many homeowners in San Antonio who are considering getting solar panels, but they may be overwhelmed by the details and lose sight of the main reason to make the switch. So, when is the best time to go solar? The answer is 20 years ago because by now the panels would have paid off and producing free energy. Unfortunately, a time machine is not available, so when is the second-best time to go solar? The answer is now. Why is now the absolute best time to go solar?
Skyrocketing Electricity Cost
One reason to consider solar energy is to mitigate the rising cost of electricity. Utility rates for electricity have consistently increased over the past 25 years, and cities in Texas such as Austin, San Antonio, and Houston have recently seen additional rate hikes.
The outdated electricity grid has also contributed to higher costs, as utilities have had to invest in repairs and upgrades after recent weather events like Snowmageddon. Additionally, the cost of traditional fuel sources like natural gas and coal, which are used to generate electricity, has increased significantly, leading to higher electricity costs. The record-breaking heat of the summer also contributed to higher electricity bills. All these factors make solar energy an easy decision, for reducing energy costs.
Supply Chain Issues and Interest Rates
It seems that the pandemic, supply chain issues, and Federal Reserve’s monetary policy have all impacted the cost and availability of solar equipment, making it more expensive and harder for some solar companies to obtain the necessary supplies. The Federal Reserve’s decision to raise interest rates also makes financing solar more expensive, which can be a concern for homeowners who are considering making the switch to solar energy. In this environment, it may be challenging for homeowners to take the time to fully consider their options before a solar system proposal expires, and the cost of solar equipment increases.
If you are considering getting a solar system in San Antonio, keep in mind that it may be more cost-effective to make the switch sooner rather than later. The cost of electricity is continually rising, as is the cost of solar panels, so the best time to invest in solar energy is now. While it may be tempting to wait and see if prices will decrease in the future, it is important to remember that the longer you wait, the more you may end up paying in the long run. So, if you are ready to switch to solar energy, now is the time to act and start saving on your energy costs.