“Tiered Rates” and Rising Energy Costs This Summer Make Solar Energy Attractive

Share Article

Golden Solar in Golden, Colorado explains why, with the use of solar electric panels, the sun can do more than warm your house this summer. With rising electricity rates, solar has never made more sense.

With rising electricity rates and temperatures, now is the time for Colorado home and business owners to seriously consider solar, according to Don Parker, owner of Golden Solar in Golden, Colorado.

Summer, with its hot days and the need for air conditioning, is when homeowners tend to use the most electricity, Parker said. Not only are electric bills generally high in the summer, but Xcel Energy increased ts electrical rates on June 1, 2011.

“Xcel is going imposing ‘tiered rates’ this summer, charging more as homeowners use more electricity,” Parker said. "The rates for homeowners using more than 500 kilowatt hours of electricity a month will almost double for electricity used in Xcel’s second tier.”

That reality -- and incentives that are available from Xcel for a limited time -- make this an ideal time to install solar, he said.

Right now Xcel is offering incentives that cover more than one-third the cost of installing a solar system. But that incentive will go away after a cap imposed by the power company is reached.

A federal tax credit of 30 percent is also available for homeowners who install the panels on their homes, lowering the cost of electricity from the sun even further.

About Golden Solar
Don and Mary Parker have lived in Golden since 1989 and recently bought Golden Solar (http://www.GoldenSolar.net). Golden Solar conducts free initial evaluations of a home or organization’s potential to produce its own power through solar energy. For additional information, Parker can be reached at 303-955-6332.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Erich Kirshner
Kirshner Communications
(303) 921-6733
Email >