Yes. solar PV systems can most definitely save you money. The real question is, how much exactly? Well, that figure is based on a number of factors such as your exact location, (see a list of the best US states to go solar in), your roof, your electric bill, size of the system and several other factors.
recent study, conducted by the NC Clean Energy Technology Center, at NC State University, researched the 50 largest US cities, and ranked them by best solar investment overall.
US 50 largest cities map, with Savings each month when switching to Solar
The study determined that in America's 50 biggest cities, customers that invested in a 5 kW solar PV system saved an average of $ 44 to $ 187 per month during the first year that they owned their system. (before a loan, lease, or PPA payment). This is quite amazing.
The fact is, every house and location is different. The fastest and most accurate way to determine exactly how much you can save, and how much it's going to cost you, is to get a quote from our recommended installers.
we work with thousands of pre approved and reliable installers, with proven track record.
What are the reasons that enable me to save money with solar power system?
The price of solar panels
The price of solar panels has reduced significantly in recent years. As more and more companies manufacture PV Solar panels to meet the demand, the panels cost has reduced, thus enabling the reduction of the total cost.
To meet it's RPS (renewable portfolio standard), many states in the U.S have placed strong incentives and tax breaks laws for homeowners, which have significantly lowered the cost for the systems, and made the switch to solar much more affordable and a great long term financial decision.
The 0 down program
The fact that now you can finance the system in many states in the US has contributed significantly to the rise of use of solar, and to the affordability of the PV systems.
There are plenty of reasons why using solar power is a great idea, especially when it comes to environmental issues, as solar energy is one of the cleanest forms of energy there is, with little in the way of the harmful emissions associated with other, traditional forms of energy such as gas and electricity.
We feel your pain. we really do.
electricity costs continue to rise, and families across America like yours looking for savings options. And rightfully so.
We believe installing a PV system on your rooftop is a great way to save. In fact, we know it.
Solar – the free energy source
The biggest advantage when it comes to solar energy is that solar energy systems are powered by the sun, and of course, sunlight is free.
Solar energy systems still draw power from the sun even on cloudy days – your house does not have to be in direct sunlight all day in order to benefit from solar, and solar energy systems 'store' power during the day, so don't think all your appliances will be useless once the sun goes down.
It is possible to install enough solar panels on your roof so your home is completely powered by solar energy – meaning that you pay utility companies absolutely nothing!
See our video presentation:
There are other financial aspects to take into consideration if you're thinking about converting to solar energy.
Solar is a great long-term investment
According to figures released by the Energy Department, converting to solar would save you money in the long term in 45 out of the 51 US States (the unlucky ones being South Dakota, Idaho, Arkansas, Indiana, North Dakota and Mississippi).
If that doesn't sound too great, then consider that the same amount invested in 30-Year US Treasury Bonds over that time would only generate a return of under 4 percent!
If you don't want to pay for your solar panels, you can always lease them instead.
This means a company will 'lease' your roof-space off you so they can install panels there. They will then sell you the power that the panels produce at a 'locked-in' fixed rate that's cheaper than mains electricity, but you would not receive the tax breaks and incentives that paying for your own installation brings.
Switching to solar power will definitely save you money, just how much is up to you.