With rising utility rates, more and more homeowners are considering solar energy for their home. In a number of states, the cost of electricity from rooftop solar panels is the same or cheaper than electricity from the utility. A brief look at historical trends in utility rates across the U.S., is followed by an explanation of the available solar options.
Energy storage technology is moving closer to mass-market adoption. As solar batteries become cheaper and more accessible for homeowners, more people are wondering, “Can I use solar batteries to go off the grid with my solar panel system?”
A 150-mile transmission line project proposed in 2012 costing up to $1.3 billon is a “dinosaur” that is still haunting the Hudson Valley. But rooftop solar energy, battery storage, and community microgrids can replace the ancient, costly, and vulnerable centralized generation and transmission electricity system that has dominated New York and the entire nation — and advanced little technologically — for over a century.
The cost of solar panels, installation and system maintenance have fallen, making the prospect of solar affordable and appealing to both homeowners and businesses. But as residential and commercial solar installation surges, utility companies who have grown accustomed to large market share are pushing back.
Why the cost of utilities won’t be drastically affected by renewable energy sources.
On the eve of Southern Company (NYSE: SO) holding its annual meeting of stockholders in Pine Mountain, GA., the nonprofit Green America released a report ranking the major U.S. power producer as “the United States’ most irresponsible utility.”