Real Savings with Solar Energy SystemsJune 25, 2018
Maybe you have heard talk on the news about solar panels. Or maybe your neighbors have had some installed on their roof. Or maybe you are just curious about the real cost benefit of solar. No matter what made you start thinking about solar, the benefits are real. The positive impact on the environment is one of the top reasons why homeowners choose to “go solar”. The other main reason why homeowners say that they chose solar is the amazing cost savings on their electric bill. In short, it is a win-win situation. Let’s take a closer look at the cost savings that drive so many homeowners to install SunPower solar systems.
What’s the Cost Savings of Solar?
Many homeowners have a list of questions about the cost and cost-savings of solar when meeting with our installation team members. First and foremost, homeowners want to know how much it will cost to install solar for their home. They also want to know how low their utility bill is expected to be when using solar and how long before their investment will pay itself off.
Since every home is different in its energy usage and consumption, these numbers are hard to calculate without taking a comprehensive look at the patterns and amount of electricity consumption your home uses. The first step to understanding how switching to solar can save you money is to calculate how much you are currently spending on electricity every year. We can tell you that the national average for electricity consumption in the United States is around 1 kW per hour, with the national price of 1 kW per hour of electricity at an average of $0.14. With 730 hours in a month, that means the average electric bill hovers around $102. Keep in mind that electricity rates and usage are volatile. These numbers vary state-by-state and season-to-season. Residents of states with higher energy prices will see greater savings on average with solar power. In addition, residents in states where the climate requires hours on end of air conditioning in the summer and heating in the winter will also see a greater cost-savings.
In reality, many of our SunPower by BlueSel customers report that their utility bills are drastically lowered and, in many cases, completely eliminated due to the use of solar power. Keep in mind as well that there are tax incentives and federal tax credits that can increase your savings. Our solar engineering professionals can help evaluate your home to see how many panels you specifically need for your energy usage patterns and install only what you need for energy production for your family.
Do you have questions about what the cost-savings of solar could be for your home? Call SunPower by BlueSel at 781-281-8130, or visit our website to find out more.