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.

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. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. 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. If you re thinking about going solar you re probably wondering how much it s going to cost you but you re probably also really curious about how much money it s going to save you.

Cambridge s new solar tool shows residents and businesses how much sunshine their rooftop gets and how harnessing it will affect their bottom line. 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. Money is one of the biggest concerns our customers have so we get it.

On average installation and the system together can run between 15 000 and 25 000. This is assuming a system size of 6 kilowatts which is common in the us. Even if your electricity rates aren t as high as california prices going solar can still save you money.