Do Solar Panels Really Save You Money

Solar panels and solar panel systems will save you money and bring a return on your investment in no time.

Do solar panels really save you money.

Though solar panel installation is quite an investment the overall benefit offsets the one time high investment. Direct hours of daily sunlight and the size and angle of your roof are both important but local electricity rates play the biggest role in determining how much solar can save you. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. The simple answer to the question do solar panels really save you money is yes.

If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. It may seem obvious but access to sunlight is important. The advantages of installing solar panels include a contribution toward saving the planet saving money on electricity costs and even an increase in the equity of your home. 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.

Rising property values lowered utility costs and the federal tax credit all ease the upfront costs of installing solar panels. Using solar energy in place of grid electricity can save money on the monthly electricity bills. Solar panels really do save money so sellers can benefit from showing potential buyers the electricity savings their panels provide as a means of proving their value. On average installation and the system together can run between 15 000 and 25 000.