Installing solar panels on your roof allows you to generate your own electricity and pay less to your utility. Your electricity costs after solar will depend on how much electricity your solar panels generate, how much electricity you use, and how much your utility charges for electricity. It is this very reduction in costs that ultimately pay for an investment in solar power and helps you to experience a net benefit in the future.
The amount of power you create with solar panels is really dependent on two things: the amount of sunlight in your area and the size of your solar system. The amount of sunlight depends upon the location and surroundings. The size of your solar array determines how much electricity that sunshine will actually make. A typical installation provides at least half of a customer’s electrical needs, but many households are able to install even larger systems. By using solar panels we can assure you that the power you will create is the best possible for your budget and available space.
The first step to understanding how much solar can save you is to calculate how much you are currently spending on electricity every year. Then, you have to consider the volatile nature of electricity prices and determine what utility rates will be in years to come. When you compare the cost of utility electricity with home solar, you should keep in mind that you can expect electricity rates to increase annually.
If you meet half your electrical needs, then take a look at your typical utility bill and you will instantly see the monetary advantage to installing a solar electrical system. These savings will continue as long as the panels are working efficiently – guaranteed to be 25 years!
Off-grid Solar panel system with battery backup can reduce the electricity bills. This scenario and basic principle do not change if your solar system uses a string inverter or a micro inverter set up. In short, a well designed solar system will reduce your electricity bills, but a zero bill now that there is no more generous "premium" feed-in tariff for new systems - is very rare. Zero bills require an off-grid system with batteries or a very large solar system on your home, preferably with storage batteries.
The installation of batteries to a Solar System will enable power from the system to be stored and used at night or during high demand periods. This increases the ability to reduce electricity bills to zero. However, the cost of batteries, although it has reduced, is still relatively expensive. So for most situations, these are not yet financially beneficial. With advances in technology and increases in economies of scale as more batteries are purchased, pricing of batteries will reduce over the next couple of years and will become a more viable alternative to add to Solar System.
To know more about the reduction of electricity bills using Solar energy or get a quote on installation of solar panels on your rooftop, contact Soura.
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