Do Solar Panels Save Money

If you re looking to save a ton of money it really depends on a few key 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. If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. 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.

It may seem obvious but access to sunlight is important. 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. These savings are very real and their relative strength depends on the availability of local city and state incentives. The simple answer to the question do solar panels really save you money is yes.

That being said how much you ll save depends on a number of factors. But the true cost of solar panels and whether they ll help you save money depends on a few key factors.