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How Solar Energy can reduce your Financial Burden?

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Solar energy can be defined as the natural energy which is sourced from the sun’s rays. By capturing this energy coming from the Sun it is subsequently converting to make use in the form of electricity.

This electricity is then used for lighting up homes, streets, businesses houses, and also used to power many machines and devices as well. As we all know and understand the fact that leading a life without light and electricity is not less than a nightmare for all of us.

To make use of artificially sourced energy from electricity boards we need to pay a high price for the same. At the month-end when we receive the electricity bill it not only hurts our pocket but also misbalances our monthly budget. Especially in the summer months, it’s difficult to survive without air conditioner and that hikes the bill.

In a similar fashion to keep ourselves warm, we can’t imagine surviving in the winter months without HVAC system and that also gear up the figure of the electricity bill.

Electricity prices experienced a sharp hike on an average of 3% annually. Eliminating such type of costs will save a lot of money for you in the long run. Technological advancements introduced solar panels which help us to source solar energy and then transform the same into electricity for our daily needs.

We are not depended on any electricity provider for capturing solar energy. We just need to get the solar panels installed onetime either on the roof of the house on in the open space by professionals to store Solar Tucson energy. How much you want to use and how long this electricity is solely on you and you don’t need to pay any amount for using solar electricity in your house or even in your office building. 

With Solar Tucson you can now produce your energy on your own, so you will take away all anxiety associated with rising as well as fluctuation of energy prices.

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How exactly solar energy will reduce your electric bill?

Let’s take an example here to explain how it saves on your electricity bill. Let us assume that the electricity price will rise each year by three percent. Suppose your annual electricity consumption is $ 1500. If you invest in the solar system will fulfill your 100 % annual electricity needs then you are going to save $1,500 annually starting from the day you start using solar energy. 

The next year, when the electricity price increases by 3%, you’ll be making a saving of about $1,545. This way the savings amount will grow for a period of say 25+ years. The solar panels generate electricity, saving about $30,000 in the complete lifespan of the system of minimum 25 years.

Let’s predict that you don’t have sufficient cash to invest in the solar energy system right away what options are left with you now? In such a scenario, you can still lower down energy costs by buying a solar loan or solar power purchase agreement (PPA). 

Maximum solar funding options need no down payment and start reducing your monthly expenses starting from day one of the installation. No more the monthly electricity cost will create a terrorized feeling due to its fluctuating figure – it will be a fixed monthly amount in shape of EMI towards your solar loan as payment.

You indeed exchanged electricity expense with solar loan EMI another, but this new expense is:

  • Highly Predictable
  • Reduces the pre-solar electric bill
  • Remains consistent over time, without causing any fluctuations 

Hope the above explanation gives a clear idea as to how solar energy can reduce your financial burden.

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Mahesh is leading digital marketing initiatives at RecentlyHeard, a NewsFeed platform that covers news from all sectors. He develops, manages, and executes digital strategies to increase online visibility, better reach target audiences, and create engaging experience across channels. With 7+ years of experience, He is skilled in search engine optimization, content marketing, social media marketing, and advertising, and analytics.

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