Whenever the national economy is not doing as well as it could; it impacts all of us in different ways. At ASG we are poised to ask ourselves, “Can Solar Energy Reduce National Inflation”? Every financial decision we make as consumers has an impact, and our energy choices are no different. Read on for more information about how solar might be the right choice for you!

How Energy Consumption Impacts Inflation

Each market and industry both impacts and is impacted by fluctuations our national economic system. If the cost of fuel is on the rise, as we had seen the past summer, that causes every company that uses fuel in their transportation of goods to raise their prices. Any service that is depending on the products that company produces is going to have to subsequently raise their prices as well. It is something like a domino effect – read more about the supply chain here. We can, as consumers, make different choices that remove us from the larger scope of that, such as buying things from local producers – but not everything can be locally sourced. While solar energy is not exactly locally sourced, you are able to effectively “harvest” the sunlight that comes into your backyard without any transport, and without the need for the pollution producing and cost increasing issues that come with being 100% reliant on the traditional grid. While solar energy may reduce national inflation if we all went for it, the benefits of solar combat the inflation that exists nationwide across other areas and industries we deal with.

Solar VS Electricity + Fossil Fuels

Consumers may ask how solar energy could help reduce the impact of national inflation in a way that we as consumers are able to feel. That is a valid question, and one that is simply answered. If you are currently using traditional electricity and fossil fuels, you are likely getting a monthly utility bill for just over $200 USD per month (maybe higher depending on the size of your home). When you have solar panels, that number is greatly reduced. Hypothetically if you’re spending $200 USD now, with solar panels in your home, you might only spend a little over half of that – which would leave you with extra money to put aside for a rainy day or to put toward other things your family needs. In the end it is all about stretching the family dollar as far as we can. Toward the end of the year, it has been seen to be a good practice to review your budget and yearly expenses to see where your money has gone. If you calculate each of your monthly electricity bills, then think about how much you would have saved in a year had you installed solar panels, the numbers speak for themselves. Do not be reliant entirely upon the grid. Their prices are only going up, and nobody seems to be able to really do anything about it; but you can take a stand for your family and for your budget.

Inflation is a Problem but Solar is a Solution!

We at ASG would like to think that all solar panels wear capes and can be the heroes of the world, but in reality solar energy can reduce the impacts we feel from national inflation on a home-by-home basis. If we more of us opt to go for renewable energies instead of relying on the grid, we not only create a more stable financial climate for our families, but we can also bring down national energy costs. While it is not necessary for us to explain about supply and demand, as that is a relatively straightforward concept, it really does come down to it being as simple as that. If nobody wants what you have, the prices have to be lower so that people will buy it, right? So if nobody is using traditional fossil fuels and the traditional electric grid as a primary energy source, logic would dictate that the prices would go down. This is good, because this means that even members of our community that have not yet made the choice to go solar can also have some financial relief. It is up to us to be the ones to take steps into a brighter financial tomorrow.

If you’re interested in speaking with an ASG representative to have your questions answered, you can either schedule a call with us by clicking here, or you can email us at care@advisorssolar.com or call us directly at (800) 949-6089.

We look forward to hearing from you!