Maryland Pushing for Grid Reforms to Combat High Energy Costs
The state of Maryland is pushing for energy reforms. Governor Wes Moore signed the Utility RELIEF Act on Tuesday.
The act aims to reduce residential gas and electric bills by at least $150 per year, while implementing structural reforms to reduce grid generation costs.
Maryland has some of the highest electricity rates in America. But, to put this into perspective, its rates are the 13th highest in the nation, while New York’s are ranked 8th.
If you are frustrated by high energy costs contributing to skyrocketing living costs on Long Island, you can take action today to reduce your grid consumption and earn more energy independence than any government program can provide.
Install Solar and a Battery Energy Storage System to Reduce Energy Costs
Energy costs on Long Island have continually increased in the last decade. Rising generation costs, an outdated grid, and inflation have all contributed to the problem. Long Island solar panels and a battery backup system can give you control over your energy spending.
Here’s how solar and a backup battery can reduce your energy costs:
- Solar panels will power your home during the day and charge a solar battery.
- In the evening, you can draw power from the battery to avoid high PSEG LI “Time-of-Use” rates.
- Stored surplus can be exported to the grid, earning you credits on your utility account.
- Programs like PSEG’s Battery Rewards can provide annual payments for allowing the utility company to draw from your battery during peak hours.
- Combining solar panels and a battery backup system will maximize your savings.
Residential solar panels on Long Island are the perfect inflation hedge. You essentially lock in a fixed price for the electricity you generate. PSEG rate hikes have historically outpaced inflation. By becoming an energy producer rather than a pure consumer, you will enjoy real energy independence.
How Much Will You Save with Long Island Solar Panels?
Many families can dramatically reduce and sometimes eliminate (during peak summer) their electricity consumption charges with solar panels.
Each home is unique, so actual savings will depend on factors like where you live, how much sunlight hits your roof, and the size of the solar panel array that you have installed.
The best way to learn more about potential savings is with a free energy savings evaluation from Power Solutions. We are one of the most trusted solar contractors on Long Island. A transparent consultation includes a detailed cost/benefit analysis to help you make an informed decision.
It won’t cost you anything to learn more about solar for your home. Start with a free ballpark solar estimate online, or talk to Power Solutions at (631) 348-0001 today.
