For various reasons, many families have been looking at ways to manage the household budget and trim the fat off utility bills. Perhaps the disruption to daily living as a result of the global pandemic has brought this cost-cutting into fine focus for many.
While we have been distracted by recent events, one thing which has remained a constant is the problem of global warming. While we can focus on the negatives, there is in fact a way in which we can do our part to lessen our environmental footprint and play a part in being kinder to the planet.
More importantly, there is a way to do this, and actually save money on power bills. In fact, in many cases, the cost saving that can be achieved is significant.
Can solar panels save you money?
Let’s get straight to the heart of the matter. Many folks have considered the possibility of a switch to solar panels as a power source, but have been put off by the up-front cost of installing them. The question for the budget conscious is: “Will solar panels really save me money?” In short, the answer to this question is a resounding “Yes”!
Deciding upon the best configuration of solar panels for a particular house is best assessed by the experts - many reputable operators can be found online. A glance at a site like https://www.globalheatingairconditioning.com/ will assist.
How much money can I save?
Having established that a solar panel installation can save the household money, the next question naturally becomes, “Just how much money can I save?”
Studies have shown that, for an average house in the USA, $10,000 to $30,000 saving over the lifetime of the solar panel system is achievable dependent upon location.
Cost savings will vary from state to state, but an internet search can quickly reveal average savings for a given state or locale. A reputable local supplier can provide even more specific calculations for different solar panel arrays and installations.
Do I still get billed by my power provider?
Some people find themselves confused by exactly how the system works, once they have installed a set of solar panels. To explain this simply, the household solar panel set-up can be thought of as a miniature power plant. Via battery storage, the house solar panel array creates and store electricity that then routes into the house to meet energy demand. The ‘traditional’ mains power supply still remains connected to the house. If the house solar panel system cannot generate enough power to meet household demand, the mains power source kicks in to cover the shortfall. In this case, the homeowner naturally only pays for this (reduced) amount.
In many cases, the house solar panel array actually generates more power than is needed for the house, and this surplus power is ducted into the energy grid to supply others. This situation typically generates a ‘credit’ for the household that is deducted from the mains power bill. This means a further cost saving!
Budget friendly and environmentally friendly
The potential for household cost savings warrants a serious look at a solar panel investment. While financial returns are a major incentive to switch to solar, there are also significant environmental benefits to be had.
The household solar panel system ultimately contributes to reducing greenhouse gas emissions and the environmental ‘footprint’.
For anyone who has entertained thoughts of a switch to solar, perhaps the best time to make a firm commitment is now.