How Solar Panels Save Money

Since you ll be generating most of your home s power getting solar panels installed saves you lots of money.

How solar panels save money.

Certain states like arizona and california average more sunlight hours per day. Srecs have a variable sales price but they represent extra income beyond your power bill savings. Well just look at this moxie customer s electric bill before going solar and after going solar. Investing in solar panels is a long term investment but they pay for themselves relatively quickly.

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. However exactly how much you save is greatly influenced by where you live. 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.

So yes you do save money. One of the main advantages of installing solar panels is the reduction of your electric bill. More sun means more energy produced and a greater potential to save with solar. 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.

Net energy metering allows you to earn energy credits at the retail value for the energy your solar panels produce. Obviously if solar panels were to save you money it would come in the form of reduced electricity bills. Your panels will produce power during the day by converting sunlight into energy that you can use to power your home. Electric bill before solar panels electic bill after solar panels.

Saving money by reducing your electricity bill by cutting down the amount of energy you use is no fluke. If you re looking to save a ton of money it really depends on a few key factors. Your home s orientation toward the.