Solar Energy And Your Electric Bill

Power is almost becoming a basic need in modern societies. With the ever-increasing advancements in technology, it is becoming a must-have necessity. Most of the appliances and devices we use at home are electric meaning they cannot work without electricity. Well, companies producing electricity charge for their services and sometimes we are left wondering whether solar energy could prove a better alternative to cut electricity costs. For most homes and even institutions, owning solar panels to generate energy is a cheaper alternative though most use it a supplement in case of blackouts. In this article, we go deep into analyzing how much you can save on if you use solar energy.
How Much Can You Save On Average?
Well, this is an important question if you are thirsting for statistics. On average, one can save up to about $1100 annually on electric bills assuming you are using a 6 kilowatts system; a fair estimation. We also put into consideration the average sunshine available in a particular place and taking a 13.34 cents KW/hr. rate. One should note that sunshine availability varies from place to place and also based on seasons.
For this reason, solar panels are becoming instrumental in cutting electricity costs. They are also hailed for their excellent simplicity in use and management. You can imagine how much you will save in a matter of five years at this rate. It should be noted that these figures are subject to change since solar power is 100% dependent on sunshine which is subject to changing seasons. Besides, electricity bills waiver from time to time are making solar panels a solid and excellent alternative and choice for anyone who wants to save on costs.
How Local Sunshine Impacts Solar Panel Savings?
This is a direct proportionality statement. With poor and low sunshine at your place, you will save very little. So this figure varies from place to place. The more intense the amount of sunshine, you receive, the more your savings on the electricity bill. The reverse is true.
Well, you have no power over nature so you cannot change your local sunshine availability, neither can you adjust that. You could be asking yourself how you can better this situation. Well, to save more and better using solar panels, you need to do the right placement of your solar panel. You need to install it on sides that receive maximum sunshine during the entire day. These days, modern technology is hand in with developing flexible solar panels installments that adjust either automatically or manually to ensure maximum reception of sunshine. Install them on open areas to avoid objects and buildings that might obscure sunshine. Avoiding shadows, however, can be a complicated task considering that it changes from time to time depending on the position of the sun.
Electricity Prices vs. Solar Panel Savings
It is not true as people believe that solar panel’s investments are only restricted to sunny places. In a situation where local electricity prices are high, your power bills can experience a significance cut. Take an instance here where you are generating 2,000KW/h with a tariff rate of 12 cents; you stand to achieve 1200KW/hr. with a 20 cents tariff. In this case scenario, $240 is cut from your electricity bill. You can achieve higher savings when using solar panels is you are in that period of the year and economic standards of peak kilowatts per hour.
Sunshine and electricity prices are instrumental in estimating how much you can save using solar panels. Whether you are on areas receiving high and intense sunshine or in a region receiving minimal sunshine, this comparison is key is determining how much you can save. It is still viable to save on solar panels in areas of low sunshine if electric prices are at the peak. However, it should be noted that regions with an intense amount of sunshine stand higher chances of saving even more with solar panels.
Upfront Costs and Long Term Savings of Solar Panels
People often overlook the amount they will save and keep their focus on acquisition and installation costs. The acquisition and installation of solar panels are quite expensive. Again, you should note that once you have it becomes a long-lasting asset and it will save you a lot of money in the long run and outweigh the upfront costs. With their easy installation and maintenance, solar panels prove a more efficient source of power. Most of them have long and guaranteed warranties from the suppliers so that you don’t have to bother yourself fearing the possibility of running into a damaged or poor quality item. Solar panels are also environmentally friendly power generators. They are healthy and the fact that they use the natural sunshine from above means your investment in purchasing them is a one-time deal after which you begin to reap tremendous benefits.
The average cost of acquiring and installing a solar panel is roughly $18,000. With tax relieves and incentives from those firms offering these sales, this price can come down to as low as $11,000 making solar panels less expensive and saving the costs even more. If you maintain it well, your solar panel can last to as long as 25 years or even more. On a better note, you are installing a valuable asset that will save you a lot on electric bills and act as a suitable alternative in case you encounter cases of power blackouts. In a nutshell, once you install solar panels, it is a one-time investment that earns you invaluable assets and secures your future power requirements and needs. You don’t have to worry about maintenance since this is easy to use and maintain the asset. Maintenance requires little attention from you.
Final Words
Solar panels are cool environmentally friendly power generators to help you save on your electricity bills. Once installed, your power needs are safeguarded and you stand to save lots of money that would otherwise be spent on electricity bills. With their easy installation and maintenance, you are guaranteed of a long-lasting asset that will save you through the ages.