Lloyd’s Electric Service in Knoxville can help determine if solar power is the right choice for your home. According to Lloyd’s Electric Service, Inc. in Knoxville, there are several things to consider before you decide to go solar.
Solar power is now mainstream with homeowners all over the United States and across the globe going solar. Back in 2015, only one in about 100 households had solar power, but that number was 46 times more than it was 10 years ago. Lloyd’s Electric Service in Knoxville has noticed an increase in that number in the past two years as well.
How it Works
Lloyd’s Electric Service in Knoxville explains that going solar will not take you off the grid. You will stay connected to your utility company with a two-way meter that Lloyd’s Electric Service in Knoxville will install. The meter allows you to buy power when needed. The panels produce the excess wattage that will go back to the grid crediting your account for the amount. Although there is plenty of sun in the continental United States to turn every properties roof into a real power plant, it is the combination of financial incentives from your utility company and your state along with the high electric rates that make solar power so attractive.
How You Pay for It
Typically, a solar power system will run you between $10,000 and $30,000 depending on the size required for your property. With the amount of money you save on your electric bill, typically between $100.00 and $300.00 per month, you should be able to recoup your solar power investment in as little as five years. If you can pay for it and don’t plan to move anytime soon, solar power could give you the best return on your investment.
If you would like more information regarding solar power, or would like to convert your property, call or click and schedule a no obligation consultation with the licensed professionals from Lloyd’s Electric Service in Knoxville today.