Do Solar Panels Save Money

That being said how much you ll save depends on a number of factors.

Do solar panels save money.

For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually. These savings are very real and their relative strength depends on the availability of local city and state incentives. 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. Direct hours of sunlight.

Direct hours of daily sunlight and the size and angle of your roof are both important but local electricity rates play the biggest role in determining how much solar can save you. It may seem obvious but access to sunlight is important. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. On average installation and the system together can run between 15 000 and 25 000.

If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. 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.