Is solar the answer to your spiking energy bills? It depends on 3 factors

Solar savings depend on local rates and export credits. Battery storage can save and earn money, not just provide backup. The biggest savers cut energy costs by nearly 80%. Your electricity bill probably went up this year. The US Energy Information Administration reports that residential electricity prices rose 6.2% over the past year, the largest increase of any sector. Rising utility bills are driving more homeowners toward solar, according to Aurora Solar’s snapshot data. But solar by itself does not guarantee immediate savings. Habitelligence data shows that homeowners who save the most on their energy bills pair solar with battery storage and shift power use to avoid expensive peak hours. Together, these steps led to a 78% reduction in annual energy costs for the most efficient homes, and that’s the average, not a…