Get Cash From The Sun With Your New Solar Panel Installation

There are a lot of ways to enjoy the sun.  You can spend the day in the pool, or at the lake.  Maybe surfing some gnarly waves is your gig.  Maybe you like to participate in heat endurance challenges and spend your days in the desert wearing 15 layers of clothing and running at a sprinters pace, all the while experiencing the sensation of exhaustion.  People are all different, even twins.  But, if you want to enjoy cost-saving ability from the sun, then getting some solar panels might be the way to go.  The increasing price of power from conventional sources, matched with the declining price of solar panels and systems over the last various years, makes solar installation appear like an easy choice for many homeowners.

But the actual value of solar panels, and whether they’ll support you to conserve money, depends on several key determinants. Before you leap, determine how your electric bill, place, and incentives can influence your savings to account over time.

Check Your Energy Bills

Solar panels produce their own energy and can consequently significantly, if not completely, negate your monthly power bill. The greater your bill, the more probable you’ll benefit from changing over to solar. But you should note that power rates and usage — the principal charges on your statement — are unstable.

“If a utility’s electricity prices fluctuate, so could the amount of savings,” says Garrett Nilsen, a program director at the U.S. Department of Energy’s solar energy technologies department. “Similarly, if energy consumption changes, the amount of savings can also vary.”

Place chiefly influences electricity rates. The nationwide median is 12.95 cents per kilowatt-hour, according to 2017 information from the U.S. Energy Information Administration.

Sunlight Available

Higher amounts of sun mean more power produced and a more significant potential to preserve your dollars with solar. Individual states, like Arizona and California, have more sunlight hours per day than many others, and this can up the energy conversion immensely.

A home’s bearings toward the sunlight available, the quantity of shade and its roof model also affect a solar system’s production. You can determine the efficiency of panels in your state by using the solar sunlight estimators online. Register your address, utility provider and the standard price of your energy bill.

Estimate Price

Solar panels aren’t inexpensive: with installation, a standard domestic 5kW size system flows between $3 and $5 per watt, or $15,000 to $25,000, before tax credits and incentives.

Through minimal long-term expenses, the solar panels can deliver a break-even point for the upfront costs. “Most systems don’t require much maintenance and are designed to last for 20 years or more with little change to the amount of electricity produced,” Nilsen says.

If you want to join the solar revolution, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years.

For more information about solar, don't forget to visit our solar blog section for guides and articles.