How Much do Solar Panels Save on Electricity Bills? – Sandbar Solar

One of the biggest benefits of solar panels is that they save you money. Most people who install residential systems find that their electric poster after solar panels is much lower than it was before solar panels .
solar panels besides provide long-run fiscal perks, frequently saving households tens-of-thousands of dollars in the two decades after their initiation. If you ’ re wonder, “ How a lot can I save with solar panels ? ” you ’ ll be happy to know that the number might be higher than you think .
If you ’ rhenium concern in learning more about the cocksure fiscal affect of solar panels, consider these solar gore savings statistics .

How Much Do Solar Panels Save on Electricity Bills?

correct now, solar power experts are predicting that residents in California will save about $ 28,360 in the 20-year period after they install their solar panels. interim, residents in Arizona will save $ 17,033, and residents in Colorado will save about $ 16,635 during the same menstruation.

To determine how much your family can save on your average electric bill with solar panels, you need to calculate your annual electricity expenses. nowadays, the average U.S. family uses approximately 11,000 kilowatt-hours of energy per annum .
To figure out your annual energy cost, take that approximation ( or your actual annually use number, if you know it ) and multiply it by the current average electricity pace. As of July 2017, this was $ 0.23 per kilowatt hour in California. According to that calculation, most families in California spend more than $ 1,700 on electricity each year !

Additional Factors Influencing Solar Panel Savings

The long-run predictions about your electric bill will besides depend on fluctuating energy prices and future utility rates. While utility rates are challenging to predict, the rule is that they rise each year .
In the past ten-spot years, the cost of electricity from PG & E has increased about 5.6 percentage annually. If you ’ ra interest in solar panels, this only makes them more attractive : when you install a residential solar array, it means that you and your syndicate won ’ t have to worry about paying rising utility bills in the years to come .
last, you ’ ll want to consider how much solar panels monetary value to install. This depends on several factors, including the “ Tier ” of the panels you choose and installation-specific costs, which vary with different solar panel installers.

As you calculate your facility costs, don ’ thyroxine forget about the federal tax credit for solar. normally called the “ Investment Tax Credit, ” or the “ Federal Solar Tax Credit, ” this platform allows people who install solar arrays on their residential properties to deduct 30 percentage of the total facility cost from that year ’ randomness union taxes .
This tax credit can cut thousands off the finished price of a solar organization, and influence your long-run savings number .

A Home Solar Installation Produces Large Savings for Your Household

Regardless of whether you want to save money or reduce carbon emissions, residential solar panels offer an enormous potential for long-run savings .
Within twenty years of installation, residential solar arrays can save homeowners tens-of-thousands of dollars. In some cases, home systems tied produce adequate energy for owners to sell it at a profit. additionally, the price of installing solar arrays is decreasing, and the Federal Solar Tax Credit allows you to write off 30 percentage of your total installation costs .
residential solar systems can besides decrease your carbon output each year. This allows your family to do something incontrovertible for your community and the world, and to feel right about “ going park ” at home.

Get a Solar Panel Quote for Your Home

Want to learn more about a home solar initiation ? quick to go park ? Contact the solar professionals here at Sandbar Solar for a quote. Sandbar Solar & Electric has been locally-owned for 14 years. We ’ ra presently the largest residential and commercial solar installer in Santa Cruz County. When you work with us, you can count on our professional commitment to quality cultivate, ethical solutions, community sponsorship, and environmental stewardship .
We ’ ve worked hard to develop a reputation for designing and installing the most effective solar panels on the Central Coast. We invite you to look through our on-line portfolio of late Projects. Our work areas include Santa Cruz and Monterey counties equally well as San Jose and the Bay Area .
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