Are solar panels worth the money? The simple answer is yes. An average American home can save up to $30,000 throughout the life of its solar panel system.
Contrary to popular belief, solar panels don’t have to be expensive. There are a few ways that you can save money with solar. We’ll show you that it’s an excellent investment for your home and the environment.
You can save money on your electric bill by switching to solar power. And you can feel good knowing you’re helping the planet too.
This article breaks down how much money you can save with solar in the long term.
Continue reading to learn more about solar savings and determine if it’s the right choice for your home!
What Solar Panels Are and How They Work
Solar panels are devices that convert sunlight into electricity. Solar companies install panels on the roof of a home or building. The panels convert sunlight into electrical energy that powers the house or building.
Solar panels absorb sunlight with a photovoltaic (PV) cell. This, in turn, creates an electrical current. The PV cell is made of two layers of semiconductor material.
When the sun’s photons strike the cell, they knock electrons loose from their atoms. These free electrons flow through the PV cell to create an electrical current.
How Solar Panels Reduce Energy Spending
One of the primary reasons people switch to solar power is to save money on their energy bills. Solar panels reduce energy usage by providing some or all of your home’s electricity.
Average U.S. home uses about 10,000 kilowatt-hours (kWh) of electricity per year. So a typical solar panel array could save a homeowner about $1,000 per year in energy costs.
Contrary to popular belief, solar panels don’t have to be expensive. Solar investing is a sound financial decision that can save you money in the long run.
Many states offer tax credits and rebates for those who go solar. A majority of utility companies offer time-of-use (TOU) rates. TOU rates give homeowners a discount for using solar energy during off-peak hours.
A solar investment can also increase the value of your home. Homebuyers are often willing to pay more for a home with solar panels installed.
How Much Will Solar Installation Cost?
You know that you can save money with solar, but how much? This solar savings chart shows how much you can save and expect to pay based on the state you live in.
A solar energy company will determine your needs before they install solar panels. The solar installer will ask about your energy bills and usage to develop a proposal. Costs vary depending on the size of the system.
Solar Savings – Go Solar Today!
To find out more about solar savings for your home or business, contact a solar company in your area. They can help you assess your solar energy potential and provide a free solar quote.