How Much Money Do I Save With Solar Panels

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.

How much money do i save with solar panels.

On average installation and the system together can run between 15 000 and 25 000. This is a nationwide average. Start comparing custom quotes on the energysage marketplace to see your estimated savings from solar. Some states see even higher averages.

Going solar saves versus traditional energy costs per the us energy administration the current average cost of electricity from the traditional grid is 12 75 cents per kilowatt hour kwh. If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. On average solar panels will save you over 1 100 per year on your electricity bills.

This is assuming a system size of 6 kilowatts which is common in the us. Solar panels cost money upfront but will save you money in the long term. A 6 000 watt solar system should produce 13 000 kilowatt hours per year which would save you the equivalent of 150 to 200 per month in electricity in most areas says todd verk vice president.