Lower your utility costs by installing solar panels.
Wouldn’t you just love to get rid of all your bills? I think everyone would answer “yes” to that question. It often seems as if our lives revolve around paying bills. While we can’t get rid of all our bills, one bill we can greatly reduce is our electric bill. How?
Install solar panels and start seeing the savings in your bank account right away.
A solar panel will cost you $0.55 per kWh. Utility rates vary widely depending on which part of the country you live in, but I’m willing to bet that $0.55 per kWh is much cheaper than what your local electric company charges you.
To make effective use of solar panels, you need to decide what you want your solar panels to do for you. You can install solar panels to provide energy for your entire home or install enough panels to just supplement your home.
We all like the thought of being entirely independent of the local electric company, but this may not be cost effective. Solar panels cost between $275-$600 each and provide between 50 and 200 watts of power per day. The amount of power each panel will supply depends on factors such as the placement of the panels and weather conditions.
You need to find out how many kWh’s your home is using each day. By doing this, you can see how many solar panels you would need to supply your home with enough energy to run it. You may need so many solar panels that it wouldn’t be cost efficient to run your entire home with solar panels.
Even if you decide not to run your entire home with panels, install enough solar panels to supplement your electricity. This can be a big help when paying all of those bills.
In addition to saving money on your electric bill, you can sell any unused power back to your local electric company and put some extra money in your pocket. Because solar panels use renewable energy, you may also be eligible for a tax break. By supplementing your power, selling power to the electric company, and qualifying for a tax break, adding solar panels to your home can add up to big savings.