Does Solar Panels Really Save You Money

Even if your electricity rates aren t as high as california prices going solar can still save you money.

Does solar panels really save you money.

Solar panels and solar panel systems will save you money and bring a return on your investment in no time. 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. Solar panels cost money upfront but will save you more money in the long term. 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.

The simple answer to the question do solar panels really save you money is yes. On average installation and the system together can run between 15 000 and 25 000. Rising property values lowered utility costs and the federal tax credit all ease the upfront costs of installing solar panels. 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. There are state and federal tax exemptions and incentives for homeowners and business owners who use a solar panel system. 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. But the true cost of solar panels and whether they ll help you save money depends on a few key factors.

Solar panels have many advantages and saving money is definitely one of them. Though solar panel installation is quite an investment the overall benefit offsets the one time high investment. There are two types of savings you ll find with solar. Using solar energy in place of grid electricity can save money on the monthly electricity bills.