Solar panels continue to increase in popularity as the public becomes more aware of global warming and the need for clean energy. There’s plenty of proof out there that solar panels can save you a big bundle of money on your electric bill every year.
The typical American household spends approximately $1,430 a year on electricity. While factors such as local electricity rates and hours of direct sunlight can affect how much you’ll save each month, people are more than happy to invest in solar panels if they think they can keep more money in their pocket at the end of the day.
The problem, however, is that utility regulators have inserted themselves into the picture, and they’ve changed the rules in certain areas of the country.
Subverted Expectations
Elroy Holtmann saw the long-term benefits of installing solar panels in his home. The retired electrical engineer spent $20,000 to have solar panels installed. A few years later the local utility company, Pacific Gas & Electric, changed the rate schedule that Mr. Holtman had originally agreed upon.
