How Much Do Solar Panels Save on Average Electricity Bills?
Not only solar panels are beneficial for the environment, but you can also save a lot of money depending on your location, the energy usage patterns at the time, and the size of your solar panel installation. Most importantly, the cost of your electricity has an impact on your ability to save money by using solar panels.
But how much do solar panels save on average electricity bills?
An average home in Westchester County, New York, may see monthly electric prices increase to $350 by 2030, according to recent data from the Rocky Mountain Institute.
However, if they have installed solar panels and battery storage, the same home may pay $260 or less per month. The time is now to go solar. Going solar can greatly lower your electricity bill, to the point where it doesn’t play a major role in your monthly budget.
The accuracy of the answer depends on a number of variables, including your location, the size of your system, and need of energy you use. But even a basic calculation has shown that solar panels save homeowners a lot of money over the long run.
Solar Panel’s Energy Production
For your home to have steady, reliable electricity, you need to optimize the energy production of your solar installation. The size of your solar system directly impacts your electric bill, even though bigger isn’t necessarily better.
Installing solar panels that completely meet your needs for electricity is obviously your best choice unless you can effectively profit from net metering. If you need to increase your electric usage, such as by heating a hot tub or charging an electric vehicle hybrid, be sure to take into account more kilowatt-hours to your system.
Installing premium, smaller solar panels with more energy output is helpful to get the most solar energy out of some rooftops. However, with greater roof space available, you can probably satisfy your energy needs with larger, cost-effective, and standard solar panels.
Solar Panels A Viable Option
The potential of a residential solar system normally ranges from 5 to 10 kilowatts. The size of the solar installation and other elements like shading have an impact on how much electricity is obtained. An installation of 5 KW solar panels will typically generate 8,000 kilowatt hours annually. The annual energy needs of many households can be met with this clean, renewable energy.
Check out the cost-benefit of a house battery when estimating your electric bill after a solar installation. Your financial security from rising power bills is significantly improved by adding battery storage to your solar installation. You’ll have control over your energy use, electricity during power outages, a better environment, and more money in your pocket with solar panel installation in your home.
Solar Panels Saves on Electricity Bills
- What amount of electricity does your household typically use?
- What power tools and personal habits do you have?
- Do you hang dry your clothing to save energy?
- Or do you need freshly dried, warm, fluffy towels?
The rates charged by your electric company and its rate structure must also be taken into account. The average cost of power in the United States is expected to increase by 3% annually. Then, as you would have suspected, energy prices are probably going to keep increasing consistently.
Of course, how much energy you use will determine how much your power bill is. The average monthly residential energy use in the US is 897-kilowatt hours, per the US Energy Information Administration.
So, determine how much energy your household uses before making an investment in solar panels. Make sure the solar panels on your home can produce the electricity you need. Some homes just want to pay for a portion of their energy use. However, many in the solar industry want to cover it all together and imagine readings on the meters that are negative.
Conclusion
Solar prices are predictable but electricity prices are not. Be sure, energy prices fluctuate. However, they almost invariably increase in the long run. And rising rates for electricity are often out of your control.
Therefore, stop using this electricity with constant rate increases because you are not making progress. Use a solar-powered system. With consistent electric expenses, you can manage your home budget. You can also be confident that you are contributing to a sustainable community.
Your wallet is shielded from rate increases by solar panels, which also lock in cheaper expenses. Think of energy that is reliable, economical, and clean both now and in the future. Together, we can accomplish this.
But if you are building a new house, perhaps, solar shingles might appeal to you a bit. They are the futuristic and forward-looking option for people wanting to go solar in the late 2020s. Want to know more about solar shingles or might be considering which one is better for your space? Just follow this guide on solar shingles vs. solar panels to help you make your decision.
SolarXess has created a better way forward for your energy savings. Don’t worry about the cost of your electric bills. You have authority over home energy. Join the countless U.S. people who are utilizing the abundance of our sun’s energy and enjoying energy independence.
You have the power to alter how you live. The time has come to achieve your goals of lower electricity costs, more peace of mind, and a smaller carbon footprint.