Are Taxes a Threat to San Antonio’s Electricity Costs? Exploring the Impacts and Benefits of Switching to Solar
Are the Biden taxes from the Inflation Reduction Act the next big threat to electricity costs in San Antonio? With a $6.5 billion natural gas tax and a $1.2 billion coal tax, the answer is yes. These taxes are expected to increase household energy bills as the local utility uses both natural gas and coal to generate electricity. In this article, we will take a closer look at the impact of these taxes and what options homeowners have to save money on their electricity bills.
The $6.5 Billion Natural Gas Tax
Natural gas has been a reliable and affordable source of energy for many years. However, with the recent $6.5 billion natural gas tax imposed by the Biden administration, this could all change. The tax is expected to increase the cost of natural gas, which will then result in higher electricity bills. The local utility company in San Antonio generates a significant portion of its electricity using natural gas, which means that customers are likely to be hit hard by this tax.
The $1.2 Billion Coal Tax
Coal is another source of energy that is used by the local utility company in San Antonio. However, with the $1.2 billion coal tax, the cost of generating electricity using coal is expected to rise. This will result in higher electricity bills for customers who rely on the local utility company for their energy needs.
Switching to Solar Energy
With the expected increase in electricity bills, now is the time to consider switching to solar energy. Many homeowners do not realize that they can virtually eliminate their electric bill and the dirty energy that pollutes the environment by investing in solar power. By switching to solar energy, homeowners can generate their own electricity, which means that they do not have to rely on the local utility company for their energy needs.
The upside of switching to solar energy is that homeowners can save money on their electricity bill in the long run. Instead of paying the utility company for electricity, they can pay a fixed solar loan payment that they can pay off and then receive free energy. Solar energy is also better for the environment as it does not produce any greenhouse gas emissions or other harmful pollutants.
In conclusion, the Biden taxes from the Inflation Reduction Act are expected to increase household energy bills in San Antonio. With a $6.5 billion (about $20 per person in the US) natural gas tax and a $1.2 billion coal tax, it’s clear that these taxes will impact the cost of electricity. However, homeowners have the option to switch to solar energy and become energy independent. By doing so, they can save money on their electricity bill and reduce their carbon footprint. So, perhaps now is the time to consider contacting solar companies and evaluating the upside of becoming energy independent.