Does Solar Save Money? What You Should Know

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Solar panel to save money

According to the US Energy Information Administration, (EIA for short) the average US household pays about $115 per month on electricity.

This cost differs a lot between states but if you find yourself paying anywhere near this amount or more, why not consider solar power?

You might be asking, “does solar save money?”. Great question, lets take a look.

We will discuss some of the initial setup costs and potential savings here to help you figure out if solar is right for you.

What Is Solar Power?

You likely already know about solar power, but just to recap, its energy from the sun, which is then converted into usable electricity for your home or workplace.

This conversion happens by using special solar panels containing solar cells, and often energy storage units to make the most of these panels.

Does Solar Save Money?

The answer is a resounding yes!

Solar energy versus traditional energy is cheaper because it doesn’t cost anything to harvest energy from the sun once you have the right tools in place.

The main cost involved is getting your solar energy harvesting home set up. Solar panel installation is often expensive and requires more than simply placing a panel on your roof to get started.

The panel needs to be integrated into your home’s electricity and if you really want to get off the grid and become independent, you will need a few solar panels and units to store the energy for use when sunlight isn’t readily available.

While the initial investment can feel like a lot, the benefits of solar are many.

Solar Benefits

Some solar benefits to consider when deciding on whether or not to install solar panels on your home;

  • Clean energy
  • Increased home valuation
  • Federal solar tax credits are available
  • Potential to sell surplus energy
  • Complete control over your energy supply
  • No more electricity bills… ever

If you can afford the initial investment in solar panels for your home or office, it is well worth exploring.

And the Cost?

The initial cost for installing solar panels is anywhere between $9,255 and $28,000 on average. But the Department of Energy has suggested that this price is steadily dropping.

That price depends on how many panels you will need, the size of your home, and your location, but with some thorough research of local installers, you can get the best price available to you.

While the price may be high, solar panels will last a very long time on your home and there are more options opening up for financing to make it more accessible.

If you can find the right deal for you, make the call and replace your ongoing energy bills with a finance plan for solar panels. It’s worth it.

What’s the Verdict?

So, does solar save money? Absolutely, it does.

With so many benefits and the number of companies offering solar installation services quickly rising, now is a great time to get solar power working in your home. For more of the latest and best technology news and guides, check out the homepage.