Do Solar Panels Save Money

Solar panels give you the ability to save money by creating a natural source of energy that has the ability to power your home and heat your pool.

Do solar panels save money.

The simple answer to the question do solar panels really save you money is yes. That being said how much you ll save depends on a number of factors. A 6 000 watt solar system should produce 13 000 kilowatt hours per year which would save you the equivalent of 150 to 200 per month in electricity in most areas says todd verk vice president. If your roof is deeply shaded by trees mountains or buildings solar panels won t work well.

Direct hours of sunlight. The credit could save the average homeowner 5 000 or more depending on the size of the system according to energysage a solar marketplace with a calculator to help estimate savings. For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually. It may seem obvious but access to sunlight is important.

On average installation and the system together can run between 15 000 and 25 000. These savings are very real and their relative strength depends on the availability of local city and state incentives.