How Much Solar Panels Save

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 solar panels save.

For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually. If you re interested in seeing how much solar panels can save you in the long run this helpful calculator from energysage will show you your long term estimated savings with panels based on. If you have a state tax liability 25 of the cost of your solar system can be claimed as a deduction to your state taxes up to 1 000. Learn how to estimate how much you ll spend and save by switching to solar.

Cambridge s new solar tool shows residents and businesses how much sunshine their rooftop gets and how harnessing it will affect their bottom line. This is a nationwide average. This is assuming a system size of 6 kilowatts which is common in the us. On average solar panels will save you over 1 100 per year on your electricity bills.

These savings are very real and their relative strength depends on the availability of local city and state incentives. Your electric bill location and incentives can impact the cost of solar panels. 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.