Solar Savings Estimator: How Much Can You Save By Switching to Solar?

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Solar Savings
Solar Savings

Did you know that the average American family spends over $2,200 a year on their utility bills? Solar energy can help to reduce your electric bills to help you save overall. However, solar energy can cost a fortune to install and are not benefical to everyone. 

It is crucial to ensure that solar energy is a good option for your home or business, and a solar savings estimator will help. Keep reading on to learn more about solar savings and the importance of solar savings estimator.

Solar Savings Estimator: The Big Picture 

A solar estimate aims to give you the big picture of the cost and savings benefits of solar energy. With a solar savings estimator, you should answer how much solar energy costs to install and how much money you will save.

The amount of money you will have to spend will depend on your location and how many solar panels are necessary for your home or business. Whereas how much money you will save will depend on your power wage, local electricity rates, and the size of the solar energy system you will need. 

Not all solar energy estimators are the same, so it is important to find one that will do a thorough inspection to give you an accurate estimate to determine if solar energy is the right fit for you. 

Savings and Cost of Solar Energy

The first question you may have when considering switching to solar energy is how much does solar energy cost? The final price will depend on how many solar panels you will need. The average cost of solar energy is $17,000.

You may qualify for a federal tax credit which will take this price down to $26,000. Don’t let this number scare you away yet. Let’s look at the potential savings by switching. 

The average American household spends approximately $1,411 a year on their electric bill due to their energy use. Solar energy has the potential to cut this down. It can completely cut your energy use in some cases, and you could save $1,411 a year. 

Within 6 to 9 years, you should start to see a return on your investment and will continue to save money long term. 

A Good Solar Savings Estimator

Some solar savings estimators skip steps or tell you what you want to hear to get you to buy their product. The good news, if you check out https://blueravensolar.com/blog/are-solar-panels-worth-it/ you will be able to get a free estimate to determine if your home or business is a good fit for solar energy. 

Steps to ensure that you get a reasonable, accurate solar savings estimate should include:

  1. Pre-qualification 
  2. Inspection of your energy bill 
  3. Inspection of the sunlight in your area
  4. Meet with an expert

Not all solar savings estimators are the same, and some want to push their product without making sure that it will truly benefit you.   

Pre-qualification

The pre-qualification process is important in ensuring that solar energy is a good option for your home or business. There are some instances where solar energy may not be an option or benefit to you. 

Suppose your home or business is not exposed to enough sunlight. In that case, your taxable income is too high to qualify for the tax benefit, or your electric bill is already low, the pre-qualification step will let you know that solar energy may not be an option for you. 

Inspection of Your Energy Bill

Once you are pre-qualified and solar energy looks like a good option, you can submit your energy bills to get inspected. Having your energy bills inspection helps determine how many solar panels are necessary to supply energy to your home. 

Inspection of The Sunlight in Your Area

Sunlight tracking software will then be placed in your area to determine how much sunlight your home or business is exposed to. 

Along with the information from your energy bill, assessing the amount of sunlight in your area will help determine how many solar panels you will need. 

Meet With an Expert

Once the inspections are done, you can meet with a solar energy expert who will walk you through the cost, savings, and installation process. This will give you a chance to ask any questions you may have before moving forward with solar energy. 

Solar Savings 

Solar energy can save you money on your electric bill, and you can feel good knowing you are doing your part in reducing carbon emissions. Make sure you use a good solar savings estimator to make sure that solar energy will benefit you and save you money long term. 

Did you enjoy this article? If so, make sure you check out more of our technical articles.

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