How Do Solar Panels Help You Save Money

Review your electric bill.

How do solar panels help you save money. However exactly how much you save is greatly influenced by where you live. More sun means more energy produced and a greater potential to save with solar. Solar panels can seem like an ideal energy solution. In addition to saving on electricity bills you will earn one srec for every 1 000 kilowatt hours generated by your solar panels.

Going solar is a major step towards a greener approach to living. 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. Do i save money.

Save money on electric bills. Solar panels generate their own power and can therefore greatly offset your monthly. Using solar panels instead of relying on a utility company can help you cut your electric bill by up to 50 per month. When you install solar panels on your roof you are essentially turning your home into its own mini power plant.

So yes you do save money. The savings you may see by going solar are dependent on two simple factors. A study by the national bureau of economic research found that in california pv systems added a 20 194 premium to the sales price of homes. Investing in solar energy will not only save you month to month on your electric bill but it could also increase the property value of your home.

Evaluate your sunlight exposure. Srecs have a variable sales price but they represent extra income beyond your power bill savings. It may seem obvious but access to sunlight is important. If your roof is deeply shaded by trees mountains or buildings solar panels won t work well.

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. You generate renewable energy reducing or eliminating your electricity costs altogether. How going solar saves you money. One of the main advantages of installing solar panels is the reduction of your electric bill.

Start comparing custom quotes on the energysage marketplace to see your estimated savings from solar. What do solar panels cost and are they worth it. When your home has solar panels energy from the sun will be used to power your electricity except for when the sun is not present such as during thunderstorms or at night. Solar panels cost money upfront but will save you money in the long term.

Once the system is in place you may be able to kiss your electric bill goodbye. In some cases you can even send excess energy back to the.