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Multiple Factors To Consider
Not all energy providers are going to give you the same rate. You can actually see a variance that could double your price, as a matter of fact. Typically, you can expect the “spread” of electricity rates to be between 4.1 cents per kilo-Watt hour (kWh), and 12 cents per kWh. It all depends on the provider.
Some providers derive their energy from “clean” sources. This is generally going to be more expensive. However, depending on the size of your business, you could actually save money by paying more. How? Well, sometimes there are tax credits and other incentives which allow you to recoup the increased cost, and then some.
However, it will depend on the size of your home, or the size of your business. Homes aren’t likely to have as much leeway here as a business might. With this in mind, following we’ll go over several things to take into account as you make your choice.
Know Your Needs
There’s no need chasing utility overkill if you don’t need to. How much energy do you actually use in your home? If you use a lot, you’ll be wiser to go with less expensive options.
If you don’t use so much, then you might be able to get away with more expensive energy without feeling too hard of a financial hit. If you’re ecologically conscious, unless you go with solar panels installed on your premises, you’ll pay more. So understand that, and budget accordingly.
Determine Your Budget
Sometimes you won’t have enough resources to take the more ecologically friendly option. That means you’ll simply have to figure out which energy provider has the best rates, and use them. You can supplement, though. A solar panel at around $100 can deliver between 100 and 250 Watts, depending on who you buy from. This can supplement if budgets are tight.
Inform Your Choice Through The Right Resources
Naturally, you’ll want to do a little research to figure out just what your options are. There are resources available that can save you a lot of time, and help you determine the “spread” you’re dealing with. As an example, there are a few different options in Dallas specifically; at least according to Energy Bot— check it out here.
Don’t Neglect Alternative Possibilities
Solar energy was mentioned earlier. There are options like this that can help you sidestep conventional energy utility bills, but it takes a few months or years for you to see Return On Investment, or ROI. There are also wind energy options and water energy options you might be able to use, depending on your new home’s location, and your budget.
If you can afford to drop $15k on alternative energy, you can have solar energy, wind energy, and water energy—if there’s a fast enough body of running water nearby. Inside eleven years and four months, you’ll have endless electricity for free.
The average American pays about $111 a month for electricity, so multiply that out for 11.33 years, and you get the $15k sum. That’s how much you would save in that time through a totally sustainable “green” option.
Even so, such options aren’t too convenient, and it’s a long game you’ll have to play; so for many, this option doesn’t work. Still, if you spent $1,300 on solar panels, cables, power inverters, batteries, and surge controllers, you can offset grid energy and see some ROI a bit quicker.
For most, traditional energy is going to be the best option in terms of affordabilit
Energy Solutions That Are Affordable, And Match Your Needs
y over the long term. The variance tends to be between 4.1 cents and 12 cents, depending on your community.
Know your budget, consider alternative options, use resources to help you inform your choice, and understand your needs. Such an approach will help you choose the best Dallas option.
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