Solar energy is the future. There are just no two ways about it. The world is fast-depleting its fossil fuel resources.
Research estimates our existing reserves for coal, oil, and natural gas will no longer be around as early as 2060. The world will have to turn to renewable energy resources like solar energy.
By getting in on solar power now, you can not only secure your energy future but also save money on your electrical bill. In this article, we’ll answer the questions of how much money do solar panels save and how to go about getting a solar panel installation done.
Electric Bills: How Much Money Do Solar Panels Save?
The first step to understanding how much money do solar panels save is understanding how much money you’re spending right now on electrical power. The goal of the solar panels is to cut down or eliminate your electrical bill as much as possible, so the principal method that you’ll experience savings is through elimination of that bill.
With an understanding of how much you’re paying right now, you should get an idea of how much electricity your solar panels will need to generate in order to eliminate your bill.
The average electric bill in the states is somewhere in the range of $100-$120 per month. This translates to about $1200-$1440 per year for a total of about 12,000 kW-hr.
To experience the full savings of $1200 a year, your solar panel installation will have to be able to support that level of electricity consumption.
Another way that solar panels help you save is via a tax credit. Federal regulations stipulate that you receive 26% of your solar panels’ installation cost back at the end of the year as a tax credit applied directly to your liability.
What to Look For in a Solar Panel Installation
Now that you know how much money you can save, it’s time to talk through what to look for in a solar panel installation.
The first thing to consider is the reputation of the solar panel installation providers you are considering. Leverage the Internet to identify key characteristics of their service from previous customer reviews. If the business doesn’t have a plethora of happy customers to point you to, then run.
Another important factor is the warranty they provide on the equipment. The nature of solar panels is that they become less and less effective over time, so you’ll need to replace them every 10-15 years. Be sure to know what the policy is if the panels you receive do not last this long.
For a great solar panel installation service, check out https://homeprosolutions.com/.
Solar Power is the Future
There you have it. With this knowledge of how much money do solar panels save and how to find a solar panel installation service under your belt, you should be all set to start experiencing the financial benefits of going green.
Are you looking for more advice on how you can improve your home? If so, check out the rest of the website!