Reduce Your Power Bill With Energy Efficient Solar Panels

You can use them to generate a source of cheap electricity helping to reduce your annual electric bills.

Reduce your power bill with energy efficient solar panels.

A solar panel system including installation is about 6 200. Some electricity plans charge different prices at different times throughout the day for using energy. Your savings with solar depend on a few different factors like how much energy your system produces and how much you consume but the biggest factor is the rates you would otherwise pay to your utility. This reduction in your power bill is the main financial benefit of solar power.

Mr georgiou co founder and solar consultant for shinehub said if designed properly a solar and battery system could reduce electricity bills as much as 90 per cent as the kidds can attest. Most homeowners already know it. Going solar can eliminate your electric bill completely or reduce it so dramatically that electricity costs are no longer a significant factor in your budget. According to money saving expert.

The fact is a lot of people are looking for ways to reduce their reliance on utilities. What doesn t get talked about quite so much is what to expect from your bills. This means that for every kwh of solar power used in the home you are directly reducing your power bill by the amount you would have otherwise paid for the electricity. Thanks to a policy called net metering which is available in most states energy your solar panels produce that you don t use immediately is sent to the grid in exchange for credits on your electric bill.

If your solar panel system is big enough to produce enough energy for all of your needs you can reduce that 120 bill to roughly 10. Working with your solar panels a smart solar battery system can predict how much electricity your panels will create and will know when to store this in your battery to lower your power bills. The reasons to choose solar for your home or business don t have to be totally altruistic. With a four kwp system you can save between 85 and 220 a year.

Installing a solar panel system at your home or business takes you out of this cycle. To sum it all up your electric bill after going solar is dependent on several variables which may vary depending on location. Solar installation for the home is one of the best options for lowering your energy bills and saving money on your long term utility expenses. People are tired of the constantly changing electricity rates.

Alternatively you can make use of solar thermal technologies to heat your domestic hot water supply and save money on your heating bills. This allows you to draw energy from the grid during the night when the sun isn t shining and powering your solar panels but not pay any extra money as long as you draw back the same amount or less than you provided to the grid.