How Much Do Solar Panels Save?
You first need to measure how much you spend on electricity per year if you are interested in learning how much money solar panels save on your electricity bills. The average annual electricity usage in a U.S. household, for instance, is 11,000 kilowatt-hours (kWh). If it was to be multiplied by the average national electricity cost ($0.1301). You’re going to get how much you spent on electricity every year. The typical American household spends around $1,430 dollars a year on electricity alone.
Solar energy is the latest thing in conscious energy these days, and it’s hard to know if investing in anything is really going to “save you tons of money” with so many trendy investment opportunities. So, do solar panels save money? Is it worth it for solar? How much do household solar panels cost?
It’s no fluke to save money by reducing your power bill by cutting down on the amount of energy you use. By providing a natural source of energy that has the capacity to power your house, solar panels give you the capacity to save money. It really depends on a few main factors if you’re trying to save a lot of money:
- Direct hours of sunlight
- Local electricity rates
How Does Solar Energy Save Money?
Your average monthly electricity bill is high, and you live in a region with high energy prices, so installing solar panels in your home while the tax break of 26 percent is in place is worthwhile. Not only is it awesome for your pocket, but it is also fantastic for the setting. Here are a few reasons you should be investing in solar panels:
- Solar panels are long-lasting and require little upkeep
- Installing solar panels provides a long-term subsidy benefits
- Save your retirement money by lowering the cost of energy on your monthly power bill
- The price of energy is not dropping
- The cost of installing solar panels has improved and prices have fallen
Why wait longer to start obtaining the benefits of solar power?
Talk to our solar experts today learn more about the technology or to obtain a quote for a solar Panels today