Many homeowners look into solar panels because of its potential energy savings. Today's energy prices continue to increase, and many look for alternatives to power their homes. Solar panels are the most promising than other renewable energy sources because of their portability, quick installation, and low maintenance.
Solar panels can work and help households save enough cash. You'll be off the grid and won't have to pay energy generation rates to any local energy company. The panels will generate enough electricity to last throughout the day. With good storage technologies and enough energy stored, you can power your entire home during the night before the sun rises.
Picture-perfect solar technology can be challenging for many households. During the first few months, your line might have hiccups and provide insufficient power to your home. As the months go by, you can steadily improve your system with the help of professional installation companies until you reach the "sweet spot" that makes your solar panels the best option for renewable energy.
On average, you can expect to spend thousands to put up a solar panel system that can power your entire property. You can also use solar shingles, such as Timberline Solar Shingles from GAF, which can cost the same as the price of your asphalt shingles and solar panels.
Energy Sage has a great post about how much you can save from energy bills with your solar panels. Here's an excerpt below.
Most solar shoppers can save between $20,000 and $75,000 on electricity over the lifetime of a solar panel system. Solar panels aren’t just good for the environment – you can benefit from serious savings which can vary based on a number of factors including your location, current energy usage trends, and the size of your solar panel system. Most importantly, solar savings are influenced by the price you pay for electricity.
Do solar panels really save you money?
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. Direct hours of daily sunlight and the size and angle of your roof are both important, but local electricity rates and your energy consumption play the biggest roles in determining how much solar can save you. Why? Because the more you pay for electricity, the more you can offset by producing your own solar energy.
With so many trendy investment opportunities available in today’s day and age, it’s easy to be skeptical of new products that boast promises of “saving you tons of money.” However, a solar panel installation is a sound investment – you’ll save significant money over time by reducing (or even eliminating!) your electric bill.
How much do solar panels save on electric bills?
The first step to understanding your solar savings is to calculate how much you’re currently spending on electricity every year. For example, the average annual electricity use required for a U.S. household is 10,632 kilowatt-hours (kWh). Multiply that by the national average electricity rate as of September 2022 ($0.16 per kWh according to the Energy Information Administration, or EIA) and you’ll find that the typical American family is spending just over $1,700 a year on electricity alone. (Continue reading here to learn more)
Roper Roofing & Solar is a certified GAF roofing installation company who can install Timberline Solar Shingles for your home. We can also install top-performing solar panels from LG. Call us today to learn more about our products and services.
