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Solar vs. grid power: how much can you save?
Electricity rates are on the rise. The U.S Energy Information Administration (EIA) estimates that electricity prices in the U.S. rose 6.2% in 2023 alone.
Homeowners across the country are looking for ways to reduce their energy costs and many are turning to solar energy. But just how much can you save with solar and is it worth the investment?
Solar customers can often save tens of thousands of dollars over the lifespan of their solar system. To determine exactly how much you can save, you’ll have to do a little math.
Compare your current cost per kW from El Paso Electric Co with the cost per kW of your solar system. Then calculate your monthly or yearly expenses across a 25-year period. Finally, subtract your total cost of energy with solar from your total of energy from the grid to determine your savings
A simpler way to estimate your savings potential is to compare your current monthly energy costs with your projected solar payments. If your energy costs are higher than your solar payments, there is a good chance you will see savings.
At Solar Cost Calculator, we suggest that anybody paying more than $100 a month for electricity should consider solar.
What solar incentives El Paso Electric Co does offer?
Category : Financial Incentive
Website : http://www.epesaver.com/
Applicable Sectors : Commercial, Industrial, Federal Government
Incentive Amount : Prescriptive Incentives Evaporative Cooling Units: $500/unit Food Service Equipment: Varies, See Website for details. Solid and Glass Door Reach-Ins: Varies, See Website for details. Refrigerated Beverage Vending Machine: $115 Multi and Variable Speed Pool Pumps: $450 Water Conservation: Varies, See Website for details. Air Infiltration Measures: Varies, See Website for details. Window Treatments: $1.00/sq. ft. Cool Roofs: $0.125 - $0.180/kWh HVAC HVAC Lodging Technology: $120/unit Cooling Tower Fans: $50/HP Hot Water Pumps: $125/HP Supply Fans, Return Fans, Cooling Water Pumps, and WSHP Circulation Pumps: $250/HP Commercial HVAC, All HVAC Equipment: $275/kW, $0.20/kWh Lighting Interior Fixtures: $275/kW, $0.085/kWh Exterior Fixtures: $0.085/kWh Vending Energy Misers Vending Miser: $50/unit Cooler Miser: $50/unit
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.epesaver.com/residential-comprehensive/
Applicable Sectors : Residential
Incentive Amount : Air Sealing: $0.075-$0.239 Cool Roofs: $0.10-$0.20/square foot Windows: $1.50-$3.00/square foot Variable Speed Drive Pool Pumps: $300-$450 Smart Thermostat: $50 Evaporative Cooling Units: $600 Insulation: $0.01-$1.05/square foot Duct Sealing: $200/kW + $0.19/kWh Refrigerated Cooling: $85 - $175/ton Ground Source Heat Pumps: $700/unit Solar Screens: $1/sq. ft. Air Infiltration Control: Varies, use utility website calculator Heat Pump Water Heaters: $300/unit Pool Pumps: $300 - $450 Solar Attic Fans: $100/unit Room Air Conditioners: $50/unit
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.epelectric.com/save-money-and-energy/residential
Applicable Sectors : Residential, Installers/Contractors, Low Income Residential
Incentive Amount : Cool Roofs: Amount depends on insulation type, roof slope, product rating and roof square footage Ceiling & Wall Insulation: Amount depends on existing level of insulation and square footage Direct Install Measures: Amounts vary Heat Pump Water Heater: $300 - $400 Pool Pumps: $300 - $350 Room A/C: $50 - $65 Smart Thermostat: $50 Evaporative Cooler/Refrigerated air A/C: $600 - $700 Windows: Amount depends on total square footage of windows installed
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.epelectric.com/tx/business/program-manuals-and-guidelines
Applicable Sectors : Commercial, Construction, Industrial, Local Government, Nonprofit, Schools, State Government, Installers/Contractors, Institutional
Incentive Amount :
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.epelectric.com/tx/business/texas-energy-efficiency-programs-for-commercial-and-industrial-customers
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, State Government, Federal Government
Incentive Amount : Large Commercial Solutions: Up to $240/kW demand reduction Small Commercial Solutions: Up to $400/kW peak demand reduction
Implementing Sector : Utility
Category : Regulatory Policy
Website : https://www.epelectric.com/renewables-tech/distributed-generation/texas-interconnection-of-facilities-up-to-10-mw
Applicable Sectors : Commercial, Construction, Local Government, Nonprofit, Residential, Schools, Low Income Residential, Institutional
Incentive Amount :
Implementing Sector : Utility
Net metering with El Paso Electric Co
Category : Regulatory Policy
Website : https://www.epelectric.com/renewables-tech/distributed-generation/texas-interconnection-of-facilities-up-to-10-mw
Applicable Sectors : Commercial, Construction, Local Government, Nonprofit, Residential, Schools, Low Income Residential, Institutional
Incentive Amount :
Implementing Sector : Utility
Installing and connecting your solar system
When you install a solar system in El Paso Electric Co territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with El Paso Electric Co to prepare the interconnection paper. Your contractor will handle most of these responsibilities
After the interconnection agreement has been finalized, your contractor can begin the installation process.
Once your system is installed, it needs to be inspected for safety and code compliance.
After the final inspection, you will receive a written notice within a few days that your system is approved to operate. You can turn on the system yourself or you can contact your installer for further assistance.
Most homeowners prefer to do it themselves. The whole process should only take 10 - 15 minutes.
Is solar worth it for El Paso Electric Co customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for El Paso Electric Co customers. The average homeowner in _UtilityCompanyName_ can save an estimated #### over the lifespan of their solar system.
Going solar is a long game so you need to think several years ahead. It can take a few years to hit your break even period. But between net metering and solar incentives, you can drastically reduce that timeframe.
Want to get an idea for what it will cost you to go solar with El Paso Electric Co? You can use our Solar Cost Calculator to generate a customized estimate instantly. We take into consideration a wide range of criteria including location, electric bill, roof size, and other factors. Try it out today and start planning for your future.
