did you know?
California - 34,950.1 MW Installed
Texas - 13,844.9
Florida - 8,205.5
North Carolina - 7,811.2
Arizona - 5,643.6
Nevada - 4,510.8
Georgia - 4,268.5
New Jersey - 3,854.2
Virginia - 3,760.9
Massachusetts - 3,607.4
* As of 2021
Since 2004, commercial utility rates in the United States have risen 39.2%. This is not surprising, as most of America’s power companies depend on fossil fuels — coal, oil and natural gas — that are vulnerable to fluctuations in worldwide markets. Given this, it’s also no surprise that solar has emerged as a leading renewable alternative for homes and businesses.
Get superior return on investment
As long as the sun rises, solar power rates can’t go up. Even if it’s only supplying a portion of your energy needs, a solar power system provides a hedge against rising utility costs. Your initial investment will quickly repay itself, providing you with ongoing savings for years to come.
"It will take between six and seven years to get our money and finance charges paid back on this project. It has made a lot of financial sense for our company."
- Cowley Companies CEO, Mike Cowley, speaking about their recent 2.4 megawatt installation on an 850,000-square-foot warehouse, one of the largest in the nation.
Factors affecting utility prices
According to the U.S. Energy Information Administration, electrical rates across the country have more than doubled in the past 15 years. Whether your electricity is generated by coal, natural gas or oil, many factors, such as growing consumer demand, play a role in how much you pay to power your property. Early adopters have already saved countless dollars by switching to solar power.
Adding a solar installation doesn’t mean going off the grid. Many properties choose to remain connected to their utility provider for backup power when their solar installation alone isn’t generating enough electricity. This also creates a potentially lucrative revenue stream — when your solar panels are producing more than you need, the excess can be sold back to the grid and appear as a credit on your next utility bill.
Empire’s 70 year commitment to quality products, excellent service and superior workmanship will ensure you get a solar system that fits your needs.
Why solar is a cost-effective solution
Installing a solar energy system in your home or business has never been as cost-effective as it is today. Not only is the cost of the panels at an all-time low, but today’s solar installations are also far more efficient. They can generate more power with a smaller footprint. While solar technology will continue to evolve, our systems have a 40-year life expectancy, which will position you for a lifetime of ongoing savings. Plus, you'll benefit from a 5-year contractor workmanship warranty, a 25-year full coverage module warranty and a 10-year inverter warranty.
By far, the biggest benefit to choosing solar is the availability of state and federal tax rebates and other incentives. These programs won’t be around forever, however, and it’s important to take advantage of them while you still can. Our team can even help you identify programs in your area and assist you with the paperwork.
The bottom line is, there will never be a better time to invest in solar power. Call Empire today for a cost analysis and solar conversion quote.
