How Much Money Does A Solar Panel Save A Year

There are two types of savings you ll find with solar.

How much money does a solar panel save a year.

In january 2018 president trump imposed a four year tariff on imported solar cells and panels that started at 30 and drops 5 each year until february 2022. 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. These savings are very real and their relative strength depends on the availability of local city and state incentives. Now the fun part.

For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually. Short term savings are savings you ll see pretty much at the start of having your solar system turned on. A 6 000 watt solar system should produce 13 000 kilowatt hours per year which would save you the equivalent of 150 to. How much money do solar panels save you in electric bills.

Even if your electricity rates aren t as high as california prices going solar can still save you money.