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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 PPL Electric Utilities Corp 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 PPL Electric Utilities Corp does offer?
Category : Financial Incentive
Website : https://www.pplelectricsavings.com/HomeEquipment/Products
Applicable Sectors : Residential, Multifamily Residential, Low Income Residential
Incentive Amount : In-Home Audits In-Home Audit for Electric Heating and Central A/C: $350 In-Home Audit for Electric Heating or Central A/C: $200 Virtual Home Energy Assessment: Free Weatherization Upgrades Attic Insulation (electric heated house): $500 Attic Insulation (central A/C, non-electric heat): $200 Basement Wall Insulation (electric heat): $500 Basement Wall Insulation (central A/C, non-electric heat): $200 Air Sealing: $200 Efficient Equipment Upgrades Smart Thermostat (self-install): $50 Smart Thermostat (professional install): $100 Heat Pump Water Heater: $400 Air Source Heat Pump (ASHP): $350 Air Source Heat Pump (ASHP): $450 Ductless Mini-Split Heat Pump: $400 Central Air Conditioner (CAC): $200 Central Air Conditioner (CAC): $300 Variable-Speed Pool Pump (in-ground only) $350 Bonus Rebates for Multiple Upgrades Comprehensive Retrofit Bonus: Tier 1 $250 Comprehensive Retrofit Bonus: Tier 2 Additional $100 Efficient Appliances Refrigerator: $50 Dehumidifier: $25 Appliance Recycling Refrigerator: $50 Freezer: $50 Window A/C: $10 Dehumidifier: $10 Fuel Switch Water Heater: $200 Central Heating: $200
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.pplelectricbusinesssavings.com/?utm_source=foryourbusiness&utm_medium=saveenergy&utm_campaign=pplwebsite
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, State Government, Federal Government, Agricultural, Multifamily Residential, Institutional
Incentive Amount : Incentives vary based on equipment type and characteristics. See website for details.
Implementing Sector : Utility
Category : Regulatory Policy
Website : http://www.puc.pa.gov/consumer_info/electricity/alternative_energy.aspx
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Residential, Schools, State Government, Federal Government, Agricultural, Institutional
Incentive Amount :
Implementing Sector : State
Category : Financial Incentive
Website : http://www.TheSEF.org
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Agricultural
Incentive Amount :
Implementing Sector : Local
Category : Regulatory Policy
Website : http://www.puc.pa.gov/filing_resources/issues_laws_regulations/act_129_information.aspx
Applicable Sectors : Investor-Owned Utility
Incentive Amount :
Implementing Sector : State
Net metering with PPL Electric Utilities Corp
Category : Regulatory Policy
Website : http://www.puc.pa.gov/consumer_info/electricity/alternative_energy.aspx
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Residential, Schools, State Government, Federal Government, Agricultural, Institutional
Incentive Amount :
Implementing Sector : State
Installing and connecting your solar system
When you install a solar system in PPL Electric Utilities Corp territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with PPL Electric Utilities Corp 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 PPL Electric Utilities Corp customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for PPL Electric Utilities Corp 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 PPL Electric Utilities Corp? 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.
