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  • Writer's pictureRon Magby

How Solar Panels help you fight inflation

In an era marked by skyrocketing energy costs and the looming specter of inflation, there's a powerful solution that not only secures your financial future but also contributes to a greener planet - solar panels. This comprehensive guide dives deep into the intricate details of solar power, revealing why making the switch is not just a smart financial move but also an essential step towards environmental responsibility and how solar panels help you fight inflation

The Price Surge in Energy and the Solar Solution

For over sixty years, the Energy Information Administration (EIA) has meticulously documented the relentless upward trajectory of electricity prices in the United States. Let's explore the numbers:

- 1960: 2.6 cents per kWh

- 1965: 2.4 cents per kWh

- 1970: 2.2 cents per kWh

- 1975: 3.5 cents per kWh

- 1980: 5.4 cents per kWh

- 1985: 7.39 cents per kWh

- 1990: 7.83 cents per kWh

- 1995: 8.40 cents per k


- 2000: 8.24 cents per kWh

- 2005: 9.45 cents per kWh

- 2010: 11.54 cents per kWh

- 2015: 12.65 cents per kWh

- 2020: 13.15 cents per kWh

As we dissect these numbers, you'll discover the financial impact of this trend and why solar panels represent a beacon of hope in a landscape of rising energy costs.

Battling Inflation: How Solar Investments Protect Your Finances

Inflation, the ever-present economic adversary, has historically eroded the purchasing power of the U.S. dollar. Let's delve into the data from the Bureau of Labor Statistics:

- 2012: 2.1%

- 2013: 1.5%

- 2014: 1.6%

- 2015: 0.1%

- 2016: 1.3%

- 2017: 2.1%

- 2018: 2.4%

- 2019: 1.8%

- 2020: 1.2%

- 2021: 4.7%

- 2022: 8.3% (Estimated)

Explore how solar investments can be a potent tool in your arsenal to combat the insidious effects of inflation on your finances.

The Evolution of Solar Energy Costs: A Game Changer

A mere decade ago, the prospect of installing solar panels seemed financ

ially intimidating. However, a seismic shift has occurred in the solar industry, with costs steadily declining. Dive deep into the National Renewable Energy Laboratory's data to grasp how solar energy is becoming not just affordable but also an attractive investment:

- 2010: $7.53/watt

- 2011: $6.62/watt

- 2012: $4.67/watt

- 2013: $4.09/watt

- 2014: $3.60/watt

- 2015: $3.36/watt

- 2016: $3.16/watt

- 2017: $2.94/watt

- 2018: $2.78/watt

- 2019: $2.77/watt

- 2020: $2.71/watt

Discover why solar panels are defying the traditional narrative of inflation and why now is the perfect time to invest in solar energy.

Solar Panels: Your Financial Fortress and Energy Freedom

As electricity rates spiral ever higher, solar panels emerge as an indispensable shield for your finances. Explore the intricacies of generating your electricity, dramatically reducing your reliance on the grid, and leading to substantial savings. Unearth the complexities of the solar panel payback period, a pivotal financial milestone that allows you to regain control of your energy costs.

Harnessing Solar Savings for a Brighter Future

Once your solar panel system pays for itself, the savings accrued each month evolve into a valuable financial asset. Delve into strategies on how to allocate these savings wisely. Explore how solar investments can empower you to pay down debts faster, mitigate the impact of inflation on food prices, upgrade your home, increase your budget for leisure activities, and even consider acquiring a new vehicle.

Solar Power: Environmental Stewardship

Beyond the financial benefits, discover how adopting solar power contributes to environmental stewardship. Learn how reducing your carbon footprint, decreasing reliance on fossil fuels, and harnessing clean energy align with a sustainable future. Explore the positive impact of solar energy on our planet's health and longevity.

In a world grappling with rising energy costs, inflationary pressures, and environmental concerns, embracing solar power emerges as a convincing solution that offers not only financial security but also an opportunity to make a positive impact on the planet. Dive into the world of solar energy and let it be your guiding light toward financial well-being and environmental responsibility.

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