Going solar isn’t just a short-term discount—it’s a long-term investment in energy independence and financial security. In this lesson, we’ll break down how solar leads to consistent savings on your utility bills, what factors influence your total return, and how solar shields you from rising energy rates over the next 20–30 years.

IN THIS LESSON

Lower Bills. Greater Freedom. The Long-Term Financial Impact of Going Solar

Why is Electricity so expensive in Connecticut?

Data Source: U. S Energy Information Administration

Before diving into savings, it’s important to understand the cost of doing nothing:

Utility rates rise year after year, often outpacing inflation. Connecticut has some of the highest electricity rates in the country!
You’re locked into a system with zero control over rate increases.
Fossil fuel price volatility affects electricity generation costs, which get passed on to homeowners.

💬 The average U.S. household saw electric rates rise by over 25% between 2020 and 2025—and those rates are expected to continue climbing. Connecticut rates have gone up closer to 50% in that same period!

How Solar Saves You Money

Solar replaces your utility bill utilizing renewable energy from the sun. Here’s how those savings add up:

💸 Immediate reduction in monthly electric bills varies significantly by sun exposure, use of energy, and type of solar program. Good houses can save 50% year one.
🔁 Consistent monthly savings year after year—no surprises
🚫 Protection against future rate hikes by producing your own power. This means each year after going solar you save more and more money!
✅ Net metering lets you bank energy credits and reduce your overall usage cost

Real-World Example: 25-Year Savings Outlook

Assuming a $200 average monthly electric bill and 5% annual increase:

Scenario

Without Solar

Monthly Bill (Year 1)

$200

With Solar

$40

Monthly Bill (Year 10)

$310

$40

Monthly Bill (Year 25)

$645

$40

25-Year Total

$160,000+

$55,000

Estimated Savings

-

$105,000+

Ownership = Greater Savings

If you own your solar system, your savings are higher and continue long after the system is paid off.
Systems purchased with cash typically pay for themselves in 5–8 years, depending on incentives and usage. After that, it's all savings and pure return on investment.

What Influences Your Long-Term Savings?

A few key factors impact your total return:

🌞 Sun exposure (roof orientation, shading, climate)
🏠 Home energy usage
💰 Electricity rates in your area
💵 Incentives, rebates, and financing structure

💬 Your SolarShip representative will factor in all of these when preparing your custom savings projection.

Key Takeaway:

With the right system and setup, solar doesn’t just reduce your bills—it can save you tens of thousands of dollars over the next few decades, all while increasing your energy independence and home value.

See How Much You Can Save Over 25 Years

Why rent your power forever when you can own it and save? With solar, your money goes toward an asset—not a never-ending utility bill.
➡️ Get your personalized savings projection now and discover how much you can save with SolarShip.

Long-Term Savings on Energy Bills