Solar isn’t just cleaner, it’s cheaper too

According to a new study, the falling cost of new renewable energy sources is now well below the cost to maintain the nation’s coal plants.

Falling Prices, Rising Costs
For the first time in U.S. history, it is now cheaper for nearly every company to build new renewable infrastructure than it is to continue operating their coal power plants. This news came after the release of a study by the non–partisan energy think-tank Energy Innovation.

For years, the price of maintaining outdated, aging fossil-fuel infrastructure has continued to climb, especially as the price of many fossil fuels has been heavily influenced by international conflicts. In contrast, the costs of the infrastructure and technology required for renewable sources of energy like wind and solar have steadily fallen over the last decade.

It’s cheaper for you too
Even though this recent analysis was mainly concerned with the prices and costs related to large energy companies, this same trend is taking place on a smaller scale too. In 2023, the price of residential solar panels is lower than it ever has been. As a result, the potential returns on an investment in solar have continued to grow over the past decade.

With over a decade of combined experience in the solar market, we at Summit Solar have watched the upfront costs of solar fall over the last ten years, and it’s honestly been exciting. These lower upfront costs mean that we get to help more and more people find the right kind of solar plan that works for them.

Whether you’re looking to fully invest in a solar system to own or just lease a system, we have an option that is right for you. With the sun starting to climb ever so slightly higher in the late-winter sky, now is a perfect time to shine a light on your energy future.

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Summit Energy offers a wide range of cost-effective solar energy solutions. We work with homeowners and businesses to help them reduce their energy bills, while also reducing their carbon footprint.