Solar panels are known for how they reduce carbon footprints and do good for the environment. But how does solar save me money? There are many different factors that contribute to it. This blog will go over what aspects of solar power help you save money.
Does Solar Energy Save Me Money?
Solar energy saves you money by giving you the ability to create a natural source of energy that can power your home. The amount of money you save depends on a few key factors:
- The number of direct hours of sunlight
- Your local electricity rates
- The size of your home
How Much Does Solar Save Me?
The amount of money solar saves you varies from home to home. However, you can calculate an estimation of what it is you can save. First, you would have to calculate how much you are currently spending on electricity every year. For example, the average annual electricity use needed for a U.S. household is around 11,000 kilowatt-hours (kWh). Then multiply that by the national average electricity rate ($0.1328 per kWh), and you’ll get that the typical American household is spending a little over $1,450 on electricity per year. Doing the calculations with your area’s specifics will give you a better idea of how much you can save on the energy bill.
Why Should I Invest in Solar Panels?
Monthly electricity bills vary from place to place, but those who live in areas with high energy rates should especially consider solar. It’s not just great a way to save money, but it’s also a great way of showing that you care for the environment. Here are a few reasons why you should invest in going solar:
- The cost of installing solar panels has improved, making it more accessible
- The price of energy is not dropping
- Going solar provides long-term subsidy benefits
- Monthly electricity bill costs get reduced, enabling you to save money for important things such as your pension
- Increases home value
- Solar panels are long-lasting and require little maintenance
Can Solar Panels Reduce my Carbon Footprint?
Solar energy doesn’t just give you financial returns. It also helps improve the environment by reducing greenhouse gas emissions. Going solar benefits you from both the financial side and the ethical side. Solar panels will reduce our reliance on fossil fuels in favor of one of the most abundant, consistent sources of energy we have available: our sun.
Going solar isn’t just an action. It’s a representation of what you stand for. It shows that you care. The best part of it is that you get to save money at the same time! Since the price of energy is not dropping, investing in solar energy is the smart move to save you money, with the bonus of shrinking your carbon footprint! We hope this blog helped you see how going solar saves you money. If you have any questions about solar panel installation & maintenance, give us a call at (858) 360-8295 or contact us on our website.
