A study by Lawrence Berkeley National Laboratory found that the average American household can save nearly $2,000 per year on electricity costs alone by going solar. And that is just the beginning. When you factor in energy-efficient electric appliances and an electric vehicle, total household energy savings can climb even higher. The combination of generating your own clean power, reducing your dependence on the grid, and cutting your fuel costs makes going solar one of the most financially impactful decisions a homeowner can make today.
The cheapest electricity you can buy is the electricity you generate yourself. According to a Lawrence Berkeley National Laboratory study, rooftop solar saves homeowners an average of nearly $2,000 per year on electricity costs alone. Over the lifetime of a solar system, that adds up to roughly $30,000 or more in total savings, and that number grows as utility rates continue to rise. Electricity prices have increased by over 5% per year on average, which means every year you are not generating your own power, you are paying more than the year before.
Add Storage and Save Even More
Pairing your solar system with a home battery takes your savings to the next level. Instead of sending excess energy back to the grid, you store it for use during peak rate hours when electricity is most expensive. And with Virtual Power Plant technology, you can even earn money by contributing stored energy back to the grid during high demand periods. The more of your own energy you use, the less you pay.
Upgrade Your Home, Multiply Your Savings
Going solar is the single biggest step you can take to reduce your energy costs, but the savings do not stop there. Switching to energy-efficient electric appliances, including tankless water heaters and electric HVAC systems, allows you to power more of your home with the clean energy you generate. And if you drive, an electric vehicle can dramatically cut or even eliminate what is typically the largest energy expense for American households: gasoline. Charging your EV with solar energy costs a fraction of what you pay at the pump.
Electricity vs. Gas: How much do you really save with an electric vehicle?
The numbers are clear. Charging an EV at home costs around 4 to 6 cents per mile, while fueling a comparable gas-powered vehicle costs about 13 cents per mile at today’s national average gas price of around $3.10 per gallon. That means EV drivers who charge at home are paying roughly half to one third of what gas drivers pay per mile. For the average American driving about 12,200 miles per year, that translates to approximately $549 annually for an EV versus over $1,500 for a gas vehicle. And if you pair your EV with a home solar system, you can charge your car with the energy you generate yourself, bringing your fuel cost as close to zero as it gets.
Gas vs. Electricity: How much do you save with energy-efficient electrical appliances?
The savings do not stop with your car. Switching from gas-powered appliances to energy-efficient electric alternatives, including heat pumps, electric water heaters, and induction cooktops, and powering them with solar energy, can meaningfully reduce your monthly energy costs. The more of your home you electrify, the more you benefit from the clean, low-cost energy your solar system produces.
Where the Biggest Savings Come From
When you map out a full household energy strategy, the path to maximum savings looks like this. Going solar cuts your utility bill from day one. Adding an electric vehicle eliminates or dramatically reduces your gasoline spending, which is the single largest energy cost for most American households. Home batteries save you even more by storing your solar energy for use during peak rate hours. And upgrading to energy-efficient electric appliances helps you get the most out of every kilowatt your system generates. Each step builds on the last, and together they add up to a home that runs cleaner and costs significantly less to power.
Freedom Forever Makes It All Possible
Taking control of your energy future is a big step, and Freedom Forever is here to guide you through every part of it. From your solar system to home batteries, our network of Independent Authorized Dealers are experts in designing the right solution for your home and your budget. And with our 25-year production guarantee, you can count on reliable clean energy generation for decades to come.
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