Over the last 25 years, it’s safe to say that the costs of electricity have taken a pretty steady uptick. This has contributed to many households switching over to solar panels to save on their electric bills. There are a lot of factors that can contribute to the cost of electricity, including the after-effects of the pandemic. Electricity costs and benefits of solar panels have increased greatly among homes & businesses.
History shows that the cost of electricity has done nothing but rise, but even with that being said, it still doesn’t cost as much as people would expect it to. During the pandemic, many people were working from home, which meant there were a lot of buildings that would typically be using electricity that were all of a sudden vacated. Many of these employees moved into home offices. Since so many companies were no longer operating in their buildings and facilities and had moved to their home environment, that means there was less electricity in use, which contributed to a dip in the cost of electricity due to not using as many of our fossil fuel resources.
Now that the pandemic has ended, there is a risk of inflation, meaning the cost of electricity is probably going to continue to go up along with the rest of our economy, including anything from gas to used cars, or even the apartments and houses we live in. As an expert energy advisor our goal is to save our clients money as well helping them become more environmentally friendly.