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Trouble Overseas: Solar and its Role in America’s Energy Independence

March 10th, 2022 | By Christopher Butts

solar energy independence

Rising Costs of Fuel

Conflicts in other parts of the world have once more raised the price of fossil fuels here at home. Whether it’s at the gas pump or on your home heating bill, Russia’s recent invasion of Ukraine is driving a spike in energy prices.   But you’ve probably already felt that pinch in your pocketbook. Russia is the world’s second largest exporter of crude oil and the largest when it comes to natural gas. This turmoil and its effect on the cost of these fuels have again piqued our country’s interest in alternative sources of power. We’d like to take a moment to talk about the trouble overseas, solar, and its role in America’s energy independence, not to mention, yours.

The United States imported about ten million barrels of oil a month from Russia. However, due to Russia’s role in the ongoing conflict, U.S. President Joe Biden banned all Russian oil imports. Combine that with the chaos of the invasion and the current price hikes from strains on the supply chain, and American consumers stand to be paying much higher prices for fuel.

Nothing New

This phenomenon of issues abroad creating higher fuel prices at home is certainly not a new one, and neither is the idea of energy independence. Presidents Nixon and Carter both touted energy independence programs after the fuel crisis of the 1970’s. 9/11 and the ensuing war on terror in the middle east created another push for alternative energy sources. Thanks to advancements in technology and the current drive to find our own domestic sources of fuel, America actually exported more oil than it imported in 2020 for the first time in 69 years.

However, that shift will not exempt us from the rising costs of fuel worldwide. Supply and demand on the international market ultimately affects the cost of fuel at home.

Meanwhile, renewable energy sources are the cheapest and most readily available form of electric power. Utility companies know that and according to the EIA, solar and wind are leading the nation in new utility scale electric generating capacity for 2022.

What Can We Do?

These promising projections, along with the ongoing adoption of electric vehicles, are getting us closer to a carbon-free, energy independent future. However, the EIA also estimates that 60% of electric power generated by utility companies in the U.S. is still produced using fossil fuels. When they’re paying more for these fuels, and to transport these fuels, those costs are being passed down to the consumer in the form of rate hikes.

Solar power and battery backup systems cannot fix all of our grid’s problems. However, we believe it’s the logical first step towards a smarter, cleaner, and more adaptive grid.

It’s possible for you personally to potentially reduce the impacts of some of these fluctuating fuel prices and declare your own independence from a portion of foreign sources of energy on your electric bill. A solar panel system from Pink Energy provides you with a supplemental source of power at your home or business that’s free from rate hikes. Add a battery backup and you can mitigate “time of use” rates, where utility companies charge higher rates during peak hours by tapping into this storage. Once the solar panels are paid for, or your financing interest rate is locked in, there are no rate hikes. They’re your own source of energy and the price you’ll pay will remain the same throughout their lifetime. With our panels’ American made quality and 25-year warranty, those possible savings will stretch for decades to come.

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