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SOLAR SAVINGS: SAVE MONEY ON ENERGY BILLS WITH SOLAR PANELS

Solar savings are a major reason why homeowners prefer to get solar panels for their homes. When it comes to saving money, it is obvious that residential solar panels are an excellent long-term investment. Indeed, the International Energy Agency pronounced solar power to be the “cheapest electricity in history.” There are now various incentives available to assist households like you adopt solar and save money. That implies that switching to solar will result in considerable savings throughout the life of your panels.

WHY SHOULD I BUY SOLAR PANELS?

There are several reasons to buy solar panels. We will go through some of the most essential reasons why people are moving to residential solar energy: growth, lower pricing, savings, and sustainability.

Growth
Solar panels have gained in popularity during the previous decade. According to the SEIA, solar has grown at a 42 percent yearly pace in the United States.

Furthermore, solar power increased by 37% in 2020 alone.

Cost Savings
Solar has also reduced in price over the previous decade, by more than 70% according to SEIA, allowing the sector to grow into new markets and deploy thousands of systems nationally.

Sustainability
Concern about our planet’s resources is one of the key causes for the huge expansion of solar in the previous decade. The supply of fossil fuel energy is depleting, and the climate is deteriorating. Government environmental regulations have declared a target of 100 percent clean renewable energy by 2035, with solar energy playing a significant role in attaining this objective.

Savings
Aside from all of these advantages, homeowners who possess a solar system may save a significant amount of money on their energy bills. How much money can you save by installing solar panels on your home? That is exactly what we are about to do.

SOLAR PANELS SAVE YOU MONEY IN WHAT WAYS?

         “How much do solar panels save?” is one of the first things first-time solar homeowners ask. To begin with, solar power protects against excessive energy rates and continually growing electricity bills. A solar professional will provide you with a customized solar savings estimate during your free consultation based on your optimum solar power system size, monthly energy use, appliance electricity usage, and the kilowatt-hours (kw or kWh) you’ll wish to produce.

There are several areas where solar savings may benefit your financial line, including extra electricity and property value. Solar panels not only save you money on your energy bills, but solar incentives such as the solar federal tax credit, net metering schemes, and federal, state, and utility rebates make the initial choice to go solar simple and reasonable.

HOW MUCH DO SOLAR PANELS SAVE THE COMMON HOUSEHOLD?

Let’s start with a disclaimer: only a Solar Specialist can correctly estimate how much you can save with solar panels.

However, as a point of reference, we’ll go through an ordinary situation for a homeowner in the United States.

Calculating Solar Power Savings
In terms of solar panel savings, you may estimate how much you will save by knowing how much you presently pay in energy expenditures.

The average power rate in the United States is 13.19 cents per kilowatt hour (kWh) (as of February 2021).

The average yearly power use for homes is 10,649 kilowatt hours (kWh), or around 877 kWh per month, according to the EIA.

If you do the mathematics, that amounts to almost $1384 in annual electricity expenses.

That is, if you construct a solar system that covers the amount of electricity your home needs and add a solar battery for energy storage, you may be able to avoid paying for energy for the whole life of your solar energy system.

Do you want to discover how much energy your state uses? Here's a breakdown of how each state ranks.

  1. Louisiana – 1,273 kWh Per Month
  2. Tennessee – 1,245 kWh Per Month
  3. Mississippi – 1,220 kWh Per Month
  4. Alabama – 1,211 kWh Per Month
  5. North Dakota – 1,205 kWh Per Month
  6. Texas – 1,174 kWh Per Month
  7. Virginia – 1,156 kWh Per Month
  8. Kentucky – 1,154 kWh Per Month
  9. Oklahoma- 1,142 kWh Per Month
  10. Arkansas – 1,133 kWh Per Month
  11. South Carolina – 1,124 kWh Per Month
  12. West Virginia – 1,118 kWh Per Month
  13. North Carolina – 1,098 kWh Per Month
  14. Georgia – 1,088 kWh Per Month
  15. Missouri – 1,086 kWh Per Month
  16. Florida – 1,078 kWh Per Month
  17. Idaho – 1,055 kWh Per Month
  18. South Dakota – 1,055 kWh Per Month
  19. Nebraska – 1,034 kWh Per Month
  20. Maryland – 1,031 kWh Per Month
  21. Arizona – 1,049 kWh Per Month
  22. Washington – 1,041 kWh Per Month
  23. Indiana – 1,005 kWh Per Month
  24. Oregon – 976 kWh Per Month
  25. Delaware – 944 kWh Per Month
  26. Kansas – 926 kWh Per Month
  27. Nevada – 924 kWh Per Month
  28. Iowa – 908 kWh Per Month
  29. Wyoming – 894 kWh Per Month
  30. Ohio – 892 kWh Per Month
  31. Montana – 860 kWh Per Month
  32. Pennsylvania – 857 kWh Per Month
  33. Minnesota – 817 kWh Per Month
  34. Utah – 798 kWh Per Month
  35. Illinois – 755 kWh Per Month
  36. Connecticut – 752 kWh Per Month
  37. Colorado – 723 kWh Per Month
  38. District of Columbia – 720 kWh Per Month
  39. Wisconsin – 703 kWh Per Month
  40. New Jersey – 687 kWh Per Month
  41. Michigan – 665 kWh Per Month
  42. New Mexico – 655 kWh
  43. Massachusetts – 638 kWh Per Month
  44. Alaska – 632 kWh Per Month
  45. New Hampshire – 629 kWh Per Month
  46. New York – 602 kWh Per Month
  47. Rhode Island – 602 kWh Per Month
  48. Vermont – 569 kWh Per Month
  49. California – 557 kWh Per Month
  50. Maine – 551 kWh Per Month
  51. Hawaii – 515 kWh Per Month