How Much Money Does A Solar Panel Save A Year

These savings are very real and their relative strength depends on the availability of local city and state incentives.

How much money does a solar panel save a year.

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. Now the fun part. Solar panels cost money upfront but will save you money in the long term the average home can save between 10 000 and 30 000 over the lifetime of your solar panel system start comparing custom quotes on the energysage marketplace to see your estimated savings from solar.

For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually. This is assuming a system size of 6 kilowatts which is common in the us. 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. Even if your electricity rates aren t as high as california prices going solar can still save you money.

A 6 000 watt solar system should produce 13 000 kilowatt hours per year which would save you the equivalent of 150 to.