Life After Solar Panel Installation: Savings
Congratulations! Your solar panels are now installed and your question is how much money will you be saving? Can you get your whole electricity bill paid for? What is life like after solar panel installation?
Let’s take a look at what an average household would spend in a year on their electricity bill. The average household uses approximately 11,000 kWh annually and with the current electricity rates at $ $0.1877. Average households are spending over $2,640 annually (bear in mind rates increase annually).
After solar panel installation, your cost for electricity and how much energy your solar panels will generate all depends on the amount of panels you had installed. Say your consumption is 10,000 kWh and your panels produce 10,000 kWh than your electric bill will be lower than $10 per month. Your service provider will have discussed the number or solar panels.
How can you earn credit with solar or perhaps even make money after solar panel installation?
Your solar panels generate energy or “credits”, at times like mid day when no one is typically home. When you come home in the late afternoon you are using electricity and therefore using your credits. Over time if you have generated extra “credits” than you can sell those to the electricity company. The electricity company has a limit to the amount of credits you can sell to them via “Net Metering”, and some companies make it easier to do this than others. But life after solar panel installations means you may be able to make some money back.
If this is something you are wanting to do you will first need to assess the amount of electricity you use, make sure your installed solar system is large enough to handle that consumption, add a few more panels if necessary. The next thing to do is reduce your electricity usage.
There are many ways to earn credits passively, like family vacations or shutting off the AC when you leave home. Here are some other ways to use less energy and perhaps build credits: Make sure that when you leave a room that you turn the light off, unplug any devices or chargers you are not using. These are called Vampire devices. Although you may not be using the devices, they are still pulling energy.
To learn about how much you can earn in solar credit, find out from your electricity company their cap on how many credits they will buy from you on a monthly or annual basis. You will receive a credit on your energy bill and if the amount of purchase credits surpasses your bill, you’ll then receive a check! That check signifies you did the right thing with solar panel installation.
Life after Solar Panel installation typically involves money saved and often money made from the electricity company. Go Solar today, it’s truly a great investment.
Contact SunPro Solar for Solar Panel Installation in Southern California.