How Solar Panels Save Money

Your panels will produce power during the day by converting sunlight into energy that you can use to power your home.

How solar panels save money.

Electric bill before solar panels electic bill after solar panels. Your home s orientation toward the. Solar panels give you the ability to save money by creating a natural source of energy that has the ability to power your home and heat your pool. 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.

More sun means more energy produced and a greater potential to save with solar. However exactly how much you save is greatly influenced by where you live. One of the main advantages of installing solar panels is the reduction of your electric bill. If you re looking to save a ton of money it really depends on a few key factors.

Obviously if solar panels were to save you money it would come in the form of reduced electricity bills. Well just look at this moxie customer s electric bill before going solar and after going solar. A 6 kw solar panel system will normally accumulate between 7 and 10 srecs per year. 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.

So yes you do save money. Since you ll be generating most of your home s power getting solar panels installed saves you lots of money. Certain states like arizona and california average more sunlight hours per day. The truth is solar is a great investment and will save you tens of thousands of dollars over their lifetime.

People can also profit from solar energy by having solar panels installed on their own homes or businesses in order to take advantage of net metering to reduce utility bills. Net energy metering allows you to earn energy credits at the retail value for the energy your solar panels produce. Srecs have a variable sales price but they represent extra income beyond your power bill savings.