How Much Money Will Solar Panels Save You

The average home can save between 10 000 and 30 000 over the lifetime of your solar panel system.

How much money will solar panels save you.

Money is one of the biggest concerns our customers have so we get it. This is assuming a system size of 6 kilowatts which is common in the us. Solar panels cost money upfront but will save you money in the long term. Cambridge s new solar tool shows residents and businesses how much sunshine their rooftop gets and how harnessing it will affect their bottom line.

The estimate also considers the average sunshine available in the country and the average electricity price of 13 34 cents per kilowatt hour reported by the energy information administration. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. When you re thinking about buying solar panels you re going to have questions. There are two types of savings you ll find with solar.

On average solar panels will save you over 1 100 per year on your electricity bills. If you live in a state like california where the solar costs are considerably lower than electricity costs you can most definitely save money with solar. On average installation and the system together can run between 15 000 and 25 000.