What do solar, organic, non-GMO, vegan, and gluten-free have in common? Well, they are all touted to be better for you than the traditional alternatives. Will you need to open up the wallet a bit more to benefit from all of them?
That would be our first reaction. If they are more beneficial, there must be a premium attached. This is understandable browsing the organic section of a grocer’s fresh produce department. Or walking down the gluten-free aisle.
This makes solar power the miraculous exception, though many people would assume the opposite. Believing that since solar is considered a cleaner choice, it must be more expensive than traditional power. After all, why would the government pay us tax credits to invest?
The simple answer is that at one time solar power was more expensive than electricity purchased from the utility. Many of us believe it has stayed that way. Quite to the contrary.
In the last two decades, the cost of utility power has increased some 60% in the US. In the last decade, solar power prices have dropped by 60%. And that is why government incentives are being phased out.
Investing $1 in a solar system today will save you $3 in future electric utility bill payments.
Yes, you can have your cake, and eat it too! (providing it’s organic, non-GMO, vegan and gluten-free 😊)