Are solar panels worth the money? The simple answer is yes. The average American home can save up to $30,000 over the life of its solar panel system.
Contrary to popular belief, solar panels don’t have to be expensive. There are several ways to save money with solar power. We will show you that it is an excellent investment for your home and environment.
You can save money on your electricity bill by switching to solar. And you can feel good knowing that you are helping the planet too.
This article details how much money you can save with solar power in the long term.
Continue reading to learn more about saving solar and determine if it’s the right choice for your home!
What is a Solar Panel and How Does it Work
Solar panels are devices that convert sunlight into electricity. Solar companies install panels on the roofs of houses or buildings. The panels convert sunlight into electrical energy that powers a house or building.
Solar panels absorb sunlight with photovoltaic (PV) cells. This, in turn, creates an electric current. PV cells are made of two layers of semiconductor material.
When solar photons strike a cell, they strip electrons from their atoms. These free electrons flow through the PV cell to create an electric current.
How Solar Panels Reduce Energy Expenditure
One of the main reasons people are turning to solar power is to save money on their energy bills. Solar panels reduce energy use by providing some or all of your home’s electricity.
The average US home uses about 10,000 kilowatt-hours (kWh) of electricity per year. So a typical solar panel array can save a homeowner about $1,000 per year in energy costs.
Contrary to popular belief, solar panels don’t have to be expensive. Investing in solar is a sound financial decision that can save you money in the long run.
Many states offer tax credits and rebates for those who use solar power. The majority of utility companies offer time-of-use (TOU) rates. TOU rates give homeowners a discount for using solar energy during peak hours.
Solar investments can also increase the value of your home. Home buyers are often willing to pay more for homes with solar panels installed.
How Much Does Solar Installation Cost?
You know you can save money with solar power, but how much? This sun saving chart shows how much you can save and expect to pay based on the country where you live.
The solar energy company will determine your needs before theirs install solar panels. The solar installer will ask about your energy bill and usage to develop a proposal. Fees vary depending on system size.
Solar Savings – Go Solar Today!
To find out more about saving solar energy for your home or business, contact the solar company in your area. They can help you assess your solar energy potential and provide free solar quotes.
