Do You Save With Solar Panels. Even if your electricity rates aren t as high as california prices going solar can still save you money. For example the average annual electricity use required for a u s. As you can see answering the question of how much do you save with solar panels depends on several factors.
How long do you plan to stay in your home. For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually.
Household is 10 972 kilowatt hours kwh.
On average installation and the system together can run between 15 000 and 25 000. A study by the national bureau of economic research found that in california pv systems added a 20 194 premium to the sales price of homes. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. As you can see answering the question of how much do you save with solar panels depends on several factors.
