Savings From Solar Panels Adds Up Over Time!
Looking for a long-term savings strategy? Here’s a bright idea…
According to U.S. Energy Information Administration (EIA) data, in 2018 the average Texas home used 1,176 kilowatt-hours (kWh) each month. At an average cost of 11.20 cents per kWh that makes the average residential Texas electricity bill $131.71 dollars plus any associated fees, sales tax, environmental compliance cost, or community benefit fees.
This means that in a 5 year period the average Texas homeowner can expect to spend nearly $8,000 dollars on power – more than $15,800 dollars over 10 years. Yikes!
Note: These figures do not include taxes or fees, which make bills more expensive, and also assume no power rate increase, which is very unlikely.
For people who live in larger than average homes the news is even more concerning – If your average monthly power bill is $300 dollars you will pay $36,000 dollars over 10 years! $36k! That’s a new car!
If your average power bill is $500 dollars or more you can expect to shell out $60,000+ dollars in the next 10 years just for electricity!
How much money do you waste each month on power? Can you afford the $16,000+ dollar expense that is headed your way?
Save Money On Power Bills With Solar Panels And Wells Solar
Wells Solar serves customers throughout Texas with high-quality solar power solutions designed to reduce or eliminate home power bills. Learn more about our Residential Solar Power Solutions In Texas or Contact Us to schedule a FREE no-obligation solar consultation.
About Wells Solar
Founded in 2014 in Austin, Wells Solar & Electrical Services is a family-owned establishment committed to installing high-quality solar power solutions that everyone can afford. The company also offers a full suite of solar panel service, maintenance and repair to ensure your solar investment provides the maximum return over its 25-year life. Find out why Wells Does Solar Better™ by visiting wellssolar.com.