With incentives like free installation and $0 upfront costs, many households are effortlessly switching to solar. Solar companies do most of the work for you, while you save money on electricity bills.
How much do you save with solar panels? Households can save more than 20% of their monthly bill. Think of what you could buy with your savings!
How Much Do You Save With Solar Panels
Solar panels have a high appeal to those looking to go green and save some greenbacks. How much do solar panels save you?
Your bill with solar panels will be the cost of your monthly loan payment. No two households will save the same amount, and savings will depend on the difference of your old electricity bill vs your payment amount for your panels.
The national average electricity bill is over $100. This depends on how much electricity you use, and which provider you have, but also where you live.
Not only is electricity more expensive per kWh than solar, but costs also continue to rise every year- up to 5% in some areas of the country. The cost of solar does not raise, therefore as each year passes you save even more than the last.
In addition to electricity prices rising every year, prices also fluctuate throughout the course of a day. You can see your state’s average price of electricity here.
Start Saving Now
Do the savings start as soon as the solar panels are installed, or how does that work? Homeowners are curious to know if their savings are immediate.
From the first day, you will begin saving especially with a company that offers 18 months free!
When the savings start you may see anywhere from 10%-30%. However, over the course of the next 10-20 years could save you 10’s of thousands of dollars. Making solar both a smart short-term and long-term investment.
The local solar companies like Blue Raven are giving solar a good name. Great deals, stellar service, and a high-quality product.
Save Even More
There are a few ways that you could save even more with your solar panels.
The longer that you have your panels, the more you will save because the cost of electricity rises every year. Therefore, it is in your best interest to dedicate your roof to solar for the long term to get the most out of your panels.
Install extra panels on your property to get rebates from the city. If you produce more power than you use, some areas will offer you a rebate!
The better your credit is, the less interest you will pay on your solar panel loan. Improving your credit score by a few points before having your panels installed could save you on loan interest.
As with anything else, paying cash for your panels instead of monthly installments will eliminate interest from your total. Most people do not realize this because monthly payments are more feasible for the average income.
Solar Panel Benefits
- renewable energy
- clean & green
- reduces power bills
- escape the raising rates from the electric company
- low maintenance costs
- no upfront costs
- tax credits
- increases home value
How much do you save with solar panels? That is up to you, but it’s worth giving it some serious thought.
More than monetary savings, we are helping to save our planet!