How Much Money Will Solar Panels Save Me

Going solar saves versus traditional energy costs per the us energy administration the current average cost of electricity from the traditional grid is 12 75 cents per kilowatt hour kwh.

How much money will solar panels save me.

But the true cost of solar panels and whether they ll help you save money depends on a few key factors. This is a nationwide average. On average solar panels will save you over 1 100 per year on your electricity bills. On average installation and the system together can run between 15 000 and 25 000.

If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. Most solar panels are sold for about 0 70 per watt if bought in bulk. A more universal way of looking at cost is to determine the cost per watt. Some states see even higher averages.

It may seem obvious but access to sunlight is important. The estimate also considers the average sunshine available in the country and the average electricity price of 13 34 cents per kilowatt hour reported by the energy information administration. This is assuming a system size of 6 kilowatts which is common in the us. Solar panels cost money upfront but will save you money in the long term the average home can save between 10 000 and 30 000 over the lifetime of your solar panel system start comparing custom quotes on the energysage marketplace to see your estimated savings from solar.

These savings are very real and their relative strength depends on the availability of local city and state incentives.