In Tennessee we have been fortunate to pay relatively low electric rates. An electric bill in New York is over twice as much for the same amount of energy used here in Tennessee.
Unfortunately, the rates are catching up with the rest of the country, and within the span of 5 years you may see your electric bill double in amount. Over the past 10 years, TVA’s rates have been increasing at a rate of 5% per year.
You can hedge against rising rates with clean, free power from the sun. With no maintenance or moving parts, solar panels are a long-term solution to your energy needs.Since a solar system reduces electric bills, it is a valuable asset to any homeowner. Click here for a Berkley Lab report summary showing an average selling price increase of $17,000. Click here for an NREL report that found homes with solar sell 20% faster and for 17% more.