If you have been wondering when the electricity rates would and oil prices become lower, the answer would be 'Never'. Fossil fuels are on the brink of extinction and are only expected to become even more expensive in the near future which would consequently increase the price of electricity, heating, etc. The solution would be to make your house independent of the grid by installing solar panels on your rooftop and generating electricity all day. But staying connected to the grid could help you in times of excess consumption and also excess production as you could even return any excess electricity to cut down on the taxes. Solar panels generally have a life of over 25 years and require virtually no maintenance in this period. Although, they could be expensive initially but could also be considered as investment in your property as they appreciate the value of your house besides annual savings on energy costs. There are many states that provide tax credits on installation of solar panels such as the county of Los Angeles. The
Solar Los Angeles program hopes to convert a large number of household on green energy within a few years. But this could be done on an individual basis as well. Those who do it now would not have to face the difficulties of tomorrow due to increasing energy prices.
