Do Solar Panels Save Money

There are two types of savings you ll find with solar.

Do solar panels save money.

Installation prices will vary significantly depending on the solar company you choose and the equipment you install. So yes you do save money. It may seem obvious but access to sunlight is important. For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually.

Obviously if solar panels were to save you money it would come in the form of reduced electricity bills. These savings are very real and their relative strength depends on the availability of local city and state incentives. Evaluate your sunlight exposure. Even if your electricity rates aren t as high as california prices going solar can still save you money.

What do solar panels cost and are they worth it. The number of hours of direct sunlight the angle of your roof and the size of the panel all play an influential role in determining your savings. While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment. More sun means more energy produced and a greater potential to save with solar.

One of the main advantages of installing solar panels is the reduction of your electric bill. The credit could save the average homeowner 5 000 or more depending on the size of the system according to energysage a solar marketplace with a calculator to help estimate savings. However exactly how much you save is greatly influenced by where you live. Key points to consider solar panels cost money upfront but will save you money in the long term the average home can save between 10 000 and 30 000 over the lifetime of your solar panel system start comparing custom quotes on the energysage marketplace to see your estimated savings from solar.

Less power from grid a solar system helps you save because you won t be using as much electricity from the grid. A 6 000 watt solar system should produce 13 000 kilowatt hours per year which would save you the equivalent of 150 to 200 per month in electricity in most areas says todd verk vice president. Solar panels generate their own power and can therefore greatly offset your monthly. Well just look at this moxie customer s electric bill before going solar and after going solar.

If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. If you live in a state like california where the solar costs are considerably lower than electricity costs you can most definitely save money with solar.