Price of electricity hit record for October; up 42% in decade


As utility rates rise the ability of average homeowners to pay for these increases are shrinking. When one accounts for the added costs of inflation the average Americans income cannot keep pace. Just to demonstrate how inflation erodes the dollar, take an average utility bill of $100, add an inflationary rate of 5% over 15 years and one’s bill would’ve nearly doubled.

A lot of people I have bumped into over the past number of years forget about the fact that one’s heating costs do not just consist of our gas bills. If you have a forced air furnace the motor that drives the warm air in your home is driven by an electric motor. Therefore, in order to determine one’s energy bills for heating and cooling purposes one cannot forget to consider both as part of the equation.

Typical homeowners spend around $150-250 per month year round for gas and electricity. That means over a 15 year time period today’s costs would be about $30,000 at an average of $200, without calculating inflation. Adding inflation to the value, that means that the average homeowner would spend twice that in 15 years, or approximately $60,000.

Now, consider that our energy savings programs are designed to save as much as 40% off one’s utility bills, that represents a savings of as much as $24,000. How far along might that pay for new windows or siding, or attic insulation, or a new roof? That’s right, commonly it pays for the whole project and more! Not even to speak of added resale value and maintenance free values.

This is why we say that our energy saving programs here at Energy Solutions of America will pay for themselves in short order. Sign up today, or call us for a free energy analysis of your home and start enjoying the comfort of your home and the beauty of your new energy efficient products.