Can I Save Money by Going Solar?

If you are considering solar for your Florida home, one of the top questions you’re going to want to know is, will solar save me money, and is it worth the investment. 

Any solar company or solar installer will tell you that the answer to both questions is an emphatical YES

Well… that’s because it is. 

In this blog, I am going to cover some of the specifics to help you answer your question in more detail, as well as provide some specifics about savings, all with the aim of helping to be more confident about switching to solar. 

Solar Panels Are Everywhere

To start with, let me say that today it’s hard to drive in a Florida neighborhood and not see solar panels on a home or many homes. That’s because Florida is a perfect state for solar panels. 

But besides the amazing Florida sunshine, Florida homeowners are switching to solar because it works and it’s saving them money on their electric bill.

My point is, it’s no longer a new and space-age technology but an everyday technology that to date has been adopted by more than two million homes all across America. 

How Much Do Solar Panels Same Me?

Well, to answer that question you’re going to need your own solar consultation, which we can organize and schedule free of charge. 

But to give you an idea, I will give you general U.S. figures and I’ll include several states in this so that you see it’s not just your Florida home that has savings potential. 

The average U.S. home uses 11,000 kWh (see what is a kilowatt-hour) of energy a year. 

If you multiply this by the average rate per KWH, which is 13.01 cents, the average U.S. home spends about $1,430 a year on electricity. 

Below you can see the average price for a 6KW solar system, which is what it would take to cover the average home usage across the U.S. 

In the last column, you can see a 20-year projection of the savings you would experience. Keep in mind that once your loan is paid off for the solar panels your electricity at that point is completely free.

solar savings chart

Ricardo SolArticle by:
Ricardo Sol
Senior Editor