Do Solar Panels Really Save Money

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.

Do solar panels really save money. Solar panels have many advantages and saving money is definitely one of them. There are state and federal tax exemptions and incentives for homeowners and business owners who use a solar panel system. If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. Rising property values lowered utility costs and the federal tax credit all ease the upfront costs of installing solar panels.

Solar panels really do save money so sellers can benefit from showing potential buyers the electricity savings their panels provide as a means of proving their value. 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. It may seem obvious but access to sunlight is important. The average home can save between 10 000 and 30 000 over the lifetime of your solar panel system.

That being said how much you ll save depends on a number of factors. Using solar energy in place of grid electricity can save money on the monthly electricity bills. Solar panels cost money upfront but will save you more money in the long term. Solar panels and solar panel systems will save you money and bring a return on your investment in no time.