Do You Have To Pay For Electricity With Solar Panels. That s right for savvy consumers solar energy can both save and earn all at the same time. Then you can use it to power up the house when you need it most. These savings depend on factors like the size of your solar panel system your energy consumption and your local utility rates.
Keep in mind that along with your solar panels producing less efficiently in extreme temperatures you will likely use more energy to cool down or warm up your home. Solar power generation occurs primarily during the afternoon and is higher during summer.
When you first install your solar panel system your local utility company will provide you with an option to pay yearly.
With time of use tou rates solar panels enable you to shift your energy consumption away from expensive on peak prices to reduce your electric bill. A solar provider handles the installation and then leases the equipment to you at a fixed monthly amount or sells you the electricity the panels generate at a set price per kilowatt hour. The second consideration is the timing of solar power production and how utilities charge for electricity. The higher your bill the more likely you ll benefit from switching.
