How Much Can Solar Panels Save You?

Do You Know For Real How Much Can A Solar Energy System Save You?

It depends on your electricity use and system size. The more money you pay monthly to your utility company, the more money you will save.

How Much Can Solar Panels Save You

To get a rought idea of how much you can save, we’ve prepared a 3-bedroom example and a 5-bedroom example with roof-mounted solar panels that offset electricity bills by an average of 85%.

First case: 3-bedroom example

The biggest electricity costs of a house this size most often come from running the Air Conditioner and laundry all the time. Installing a 3.75kW solar system would lower the electric bill for this house significantly.

Bill before solar: $151

Bill after solar: $30

Second case: A 5-bedroom example

Having for example a small home office and an average swimming pool can result on a household this size paying a considerable high monthly electric bill. Installing a 4kW solar system would bring down considerably the electricity bill for this 5-bedroom house.

Bill before solar: $323

Bill after solar: $62

Specifically, in the example in red colour below we calculated also the monthly costs of the solar system and shows a significantly savings of $137 dollars each month.

Examples of different monthly bills and our suggested Kw size installations and its savings:

Monthly bill average: $97 per month

Recommended Solar System Size: 1.82 KW system size

Your Estimated Electric Bill Savings: $40 per month

Savings over product life: $18,039

———–

Monthly bill average: $125 per month

Recommended Solar System Size: 2.89 KW system size

Your Estimated Electric Bill Savings: $82 per month

Savings over product life: $35,941

———–

Monthly bill average: $200 per month

Recommended Solar System Size 4.38 KW system size

Your Estimated Electric Bill Savings: $173 per month

Savings over product life: $74,556

———–

Monthly bill average: $ 250 per month

Recommended Solar System Size: 5.08 KW system size

Your Estimated Electric Bill Savings: $209 per month

Savings over product life: $94,262

———–

Monthly bill average: $350 per month

Recommended Solar System Size: 7.20 KW system size

Your Estimated Electric Bill Savings (no solar install expenses included): $287 per month

Bill with solar panels installed: $63 per month

Average cost monthly of solar panel system: $150

Savings after Solar Panel Install: $137 dollars.

Total monthly cost average including utility bill plus solar panel install: $213 dollars.

Savings over product life: $132,003

———–

Monthly bill average: $500 per month

Recommended Solar System Size: 8.66 KW system size

Your Estimated Electric Bill Savings: $442 per month

Savings over product life: $189,003

———–

Monthly bill average: $600 per month

Recommended Solar System Size: 10.11 KW system size

Your Estimated Electric Bill Savings: $527 per month

Savings over product life: $224,280

 

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