Do Solar Panels Save Money

More sun means more energy produced and a greater potential to save with solar.

Do solar panels save money.

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

If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. 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. One of the main advantages of installing solar panels is the reduction of your electric bill. So yes you do save money.

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. Well just look at this moxie customer s electric bill before going solar and after going solar. Installation prices will vary significantly depending on the solar company you choose and the equipment you install. However exactly how much you save is greatly influenced by where you live.

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. What do solar panels cost and are they worth it. These savings are very real and their relative strength depends on the availability of local city and state incentives. 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. 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. Electric bill before solar panels electic bill after solar panels. 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.

Even if your electricity rates aren t as high as california prices going solar can still save you money. There are two types of savings you ll find with solar.