Would Solar Panels Save Me Money

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.

Would solar panels save me money.

There are two types of savings you ll find with solar. That being said how much you ll save depends on a number of factors. Written by qualified solar engineer leonardo on september 13 2019 on average solar panels will save you over 1 100 per year on your electricity bills. Solar is a great long term investment according to figures released by the energy department converting to solar would save you money in the long term in 45 out of the 51 us states the unlucky ones being south dakota idaho arkansas indiana north dakota and mississippi.

It may seem obvious but access to sunlight is important. The simple answer to the question do solar panels really save you money is yes. 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. Direct hours of daily sunlight and the size and angle of your roof are both important but local electricity rates play the biggest role in determining how much solar can save you.

This is assuming a system size of 6 kilowatts which is common in the us.