That’s because producing your own energy through solarreduces your reliance on the electrical gridand its ever-rising prices.
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Here’s what you should probably know about howsolar panelscan help insulate you from surging energy costs.
How are energy prices changing?
Let’s start with why electricity costs so much in the first place.
There are a few different factors at play, Rosenblatt said.
(Though that inflationhas finally started to coolthis summer).
Installing solar panels on your roof is a powerful way toreduce your energy costs.
But when you install solar panels, you suddenly have your own source of energy production.
“That scenario provides you control over the resource and what it costs you,” Rosenblatt said.
Will my solar panels get more expensive over time?
Contrary to the ever-rising cost of utility-provided energy, solar panels don’t get more expensive over time.
In fact, they become cheaper.
All of the costs are predictable, Rosenblatt said, and usually quite low.
Not to mention, the cost of parts and equipmentis likely to keep dropping.
“Price is a major factor in your overall energy budget,” Rosenblatt said.
It also depends on how much you value the electricity in your home, Rosenblatt said.
