How Much Money Will Solar Panels Save You

If you live in a state like california where the solar costs are considerably lower than electricity costs you can most definitely save money with solar.

How much money will solar panels save you.

On average solar panels will save you over 1 100 per year on your electricity bills. Money is one of the biggest concerns our customers have so we get it. Cambridge s new solar tool shows residents and businesses how much sunshine their rooftop gets and how harnessing it will affect their bottom line. But the true cost of solar panels and whether they ll help you save money depends on a few key factors.

This is assuming a system size of 6 kilowatts which is common in the us. Even if your electricity rates aren t as high as california prices going solar can still save you money. 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. When you re thinking about buying solar panels you re going to have questions.

On average installation and the system together can run between 15 000 and 25 000. There are two types of savings you ll find with solar. Solar panels cost money upfront but will save you money in the long term.