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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 United Illuminating 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 United Illuminating Co does offer?
Category : Financial Incentive
Website : https://energizect.com/rebates-and-incentives
Applicable Sectors : Commercial, Construction, Industrial, Nonprofit, Residential, Schools, Federal Government, Agricultural, Institutional
Incentive Amount : Advanced Duct Sealing: Up to $1,750 Residential Advanced Power Strips: Up to $40 Residential Boiler Circulator Pump: $35 C&I Prescriptive Weatherization Attic Insulation: $0.035/sq. ft. Wall Insulation: $0.145/sq. ft. Air Sealing: $80/hour Commercial Air Conditioner: Up to $150/ton Commercial Air Purifier: Up to $40/unit Commercial Air Source Heat Pump: $1,500/ton Commercial Broiler: Up to $3,000/unit Commercial Clothes Washer: Up to $200/unit Commercial Dishwasher: Up to $250/unit Commercial Electric Ice Machine: Up to $300/unit Commercial Fryer: Up to $900/unit Commercial Gas Condensing Storage Water Heater: $8/input MBH Commercial Natural Gas Condensing Water Heater: $8/Input MBH Commercial Griddles: Up to $650/unit Commercial Ground Source Heat Pump: Up to $4,000 Commercial Heat Pump Water Heater: Up to $1,400 Commercial Hot Food Holding Cabinet: Up to $750/unit Commercial Induction Cooktop: Up to $500/unit Commercial Lab Equipment: Up to $2,000/unit Commercial Natural Gas Boiler: $5/ MBH Commercial On Demand Wrapping Machine: Up to $125/unit Commercial Ovens & Range: Up to $4,000/unit Commercial Refrigerated Chef Bases: Up to $500 Commercial Refrigerators and Freezer: Up to $300/refrigerator and $250/freezer Commercial Steamers: $2,000/unit Commercial Tankless Gas Water Heater: $5/Input MBH Commercial Thermostat: $85/unit Commercial Vending Misers: Up to $75/unit Commercial Variable Refrigerant Flow Heat Pump: Up to $2,100/ton Commercial Natural Gas Infrared Heater Incentive: Up to $850/unit Residential Pool Pumps: Up to $100/unit Residential Air Purifiers: Up to $40 Residential Air Source Heat Pump: $750/ton Residential Gas Condensing Water Heater: $300 instant discount Residential Ground Source Heat Pump: $1,500/ton Residential Heat Pump Water Heater: $650 Residential Insulation: Up to $1.70 per square foot Residential Natural Gas Boiler: $750 Residential Natural Gas Furnace: $650 Residential Tankless Gas Water Heater: $300 instant discount Residential Thermostat: Up to $85 Residential Triple Pane Window: $100/window
Implementing Sector : Utility
Category : Financial Incentive
Website : https://energizect.com/financing/sbea-muni
Applicable Sectors : Commercial, Industrial, Local Government, Federal Government, Agricultural
Incentive Amount :
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.energizect.com/your-business/solutions-list/CLM-Financing-Small-Business-Municipal-Loan-Program
Applicable Sectors : Commercial, Construction, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Installers/Contractors, Agricultural, Institutional
Incentive Amount :
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.capitalforchange.org/hes-micro-loan
Applicable Sectors : Residential, Multifamily Residential
Incentive Amount :
Implementing Sector : Utility
Category : Financial Incentive
Website : https://energizect.com/your-home/rebates-and-incentives
Applicable Sectors : Residential
Incentive Amount : Heat Pumps Air Source Heat Pumps: $750/ton (Up to $15,000) Geothermal Heat Pumps: $1,500 (Up to $15,000) Pool Pump: Up to $100 Other HVAC Boiler Circulator Pump: $35 Programmable Thermostat: Up to $85 Natural Gas (NG) Boiler: $750 NG Furnace: $650 Water Heating Heat Pump Water Heater: $650/ Gas Condensing Water Heater: $300 Tankless Water Heater: Up to $300 Home Comfort Advanced Power Strip: Up to $40 Air Purifier: Up to $40 Ducting Sealing: $350 - $1,750 Insulation: Up to $1.70/sq.ft. (Up to $10,000) Windows: $100/unit Triple-Pane Window: $100 Lighting: Varies, contact program admin. Appliances: Varies, contact program admin.
Implementing Sector : Utility
Category : Financial Incentive
Website : https://energizect.com/your-home/solutions-list/residential-new-construction-program
Applicable Sectors : Construction, Residential, Installers/Contractors, Multifamily Residential
Incentive Amount : Tier 1 (HERS Index of 51-60) Multifamily: $1,500 Single Family Attached: $3,000 Single Family: $7,500 Tier 2 (HERS Index of 41-50) Multifamily: $2,500 Single Family Attached: $4,000 Single Family: $10,000 Tier 3 (HERS Index of 40 and below) Multifamily: $3,500 Single Family Attached: $5,000 Single Family: $12,500 Air-Source Heat Pump: Multifamily: $75/ton (Up to $300) Single Family Attached: $125/ton (Up to $500) Single Family: $125/ton (Up to $500) Ground Source Heat Pump Multifamily: $125/ton (Up to $500) Single Family Attached: $250/unit (Up to $1,000) Single Family: $250/unit (Up to $1,000) Bonus Rebates Multifamily: $250 - $1,500 Single Family Attached: $250 - $1,500 Single Family: $500 - $1,000
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.ctgreenbank.com/programs/smart-e-loans-low-interest/
Applicable Sectors : Residential, Low Income Residential
Incentive Amount :
Implementing Sector : Federal
Category : Financial Incentive
Website : https://www.uinet.com/wps/portal/uinet/home/search/!ut/p/z1/vVRdc6IwFP0tffAREyRg2DfqOLXdVdfW1sILE0KEdIFgCFr76zcUR19c2L6UYeZeLvcrh3MAAXgFQUH2PCGKi4Jk-tkPnNAy59MZmsAFvkc2XC2f5oufv9YjeGuCFxCAgBaqVCnwa14wRRIZVnVZZpzJqiRSFdoO4DkUkiIOL_FSHJgMSyloLVnOCqVTc5Jl4Yd
Applicable Sectors : Commercial, Construction, Industrial, Nonprofit, Federal Government, Installers/Contractors, Agricultural, Multifamily Residential, Integrators
Incentive Amount : Prices determined through competitive solicitation
Implementing Sector : Utility
Installing and connecting your solar system
When you install a solar system in United Illuminating Co territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with United Illuminating 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 United Illuminating Co customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for United Illuminating 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 United Illuminating 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.
