Do Solar Panels Save Money

Even if your electricity rates aren t as high as california prices going solar can still save you money.

Do solar panels save money.

What do solar panels cost and are they worth it. If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. Solar panels generate their own power and can therefore greatly offset your monthly. 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.

Electric bill before solar panels electic bill after solar panels. These savings are very real and their relative strength depends on the availability of local city and state incentives. 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. There are two types of savings you ll find with solar.

More sun means more energy produced and a greater potential to save with solar. For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually. Solar panels will usually help you save money on energy costs as long as you live in the same house for long enough to recoup the installation costs through savings on your power bill. Well just look at this moxie customer s electric bill before going solar and after going solar.

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. So yes you do save money. Review your electric bill. Obviously if solar panels were to save you money it would come in the form of reduced electricity bills.

However exactly how much you save is greatly influenced by where you live. Installation prices will vary significantly depending on the solar company you choose and the equipment you install. Less power from grid a solar system helps you save because you won t be using as much electricity from the grid. 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.

Evaluate your sunlight exposure. It may seem obvious but access to sunlight is important.