All across the United States, it is becoming more and more common to see solar panels on the roofs of many houses. One popular question that arises in homeowners’ minds is whether or not installing solar panels will really reduce their energy bills. The short answer to this question is “yes,” but just how much money you save depends on a variety of factors.
One study by NC Clean Energy Technology Center, a part of North Carolina State University, looked into how much people would save on a monthly basis if they switched to solar panels in 50 of America’s largest cities. They found that customers who installed a 5kW solar PV system saved anywhere between $44 and $187 a month each year. Some cities that had the most savings per year included those that many people would expect, such as San Jose, San Francisco, and San Diego. But even cities in grey New England like Boston and New York City were able to lock in savings ranging from $90-$103 a month.
The Energy Department also did a study that showed that going solar would dramatically save people money in almost all of the nation’s states. Chances are you are living in a state that will offer you at least a 10 percent overall savings on your fuel bills. In short, you should expect to save around $60,000 over the solar system’s lifecycle.
If you are on the fence about installing solar panels for homes, it wouldn’t hurt to consult a local San Diego solar provider for a specific estimate. You should also consider whether or not leasing solar panels might be a more cost-effective move for you. Many states today offer favorable incentive policies for people who invest in solar energy, which might also reduce your overall energy expenditures.
Solar energy is not only a wonderful alternative to combat pollution and the rapid depletion of fossil fuels, it also helps you save a great deal of money. The sun gives off its energy for free every single day, why not take advantage of its power? Call CES Solar San Diego today at 1-855-45-COAST today to learn about financing options for solar energy and schedule a complimentary consultation.