How much do solar panel roofs save on your electricity bill?
Question:
Answer:
The savings would depend on a variety of factors. If you live in the Southwestern U.S. you can actually MAKE money by selling surplus power back to the power company, i.e.: your meter will run backwards.
The initial cost is what often stops most people from installing them, it can be upwards of $10,000 or more. For most other areas you'll probably break even with the power company.
They're great on hot sunny days in that you can keep your house very cool during the day and it won't cost you anything in electricity. At night however do remember that you'll be getting power off the grid.
It will cost a lot,but the saveing will be worth it in the long run.
I sell and have solar panels. It depends on where you live if you can make money with solar electric. However, If you are grid tied there is no way I know of to ever pay off your system. As long as it is grid tied you will pay for the rest of your life. Solar panels may last 20 to 40 years but you will replace the inverter and meter from time to time. You will have damage to the panels and replace them from time to time as well. Then there is the Net Metering charge that never ends. There is the point of use charge and local fees and taxes. So you will always for the rest of your life have an electric bill.
I forgot one part. You can only sell back what you used and no more. Means that any extra electric you make you give to the gird for free and stil pay the fees and taxes. Bills for life.
Off grid solar or stand alone is a better deal. You replace the batteries every 10 years or so. But if you add up $33 per month in fees for 10 years of battery life $3,960. I think I could replace the batteries for maybe $2000 every 10 years and put $1,960 in my pocket.
Plus when the electric goes out and you are grid tied you have no power. If it goes out and you are an off grid system you have lights when on one else does.
Add a wind mill and you taken care of.
That is my way of seeing it..
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