Average Monthly Electric Bill with Solar Panels

Did you know the energy that the sun provides to the planet in only one hour could satisfy the demands of the whole world’s population for an entire year?

There is no question that the sun is a powerful source of energy; even though we can only gather a small portion of this energy, harnessing its power via the installation of solar panels can make a significant difference to the planet. The question is, what is the average monthly electric bill with solar panels? Let’s find out.

How Much Will Your Electric Bill be After Installing Solar Panels?

In reality, it depends on the following factors: the amount of energy produced by the solar system, the price of electricity in your area, and the amount of energy used in your home. By reducing the energy wasted and increasing the number of solar panels installed on the roof, you may create an equation that balances your monthly electric bill and energy requirements. After that, calculate how much money you’ll save over many decades by installing solar panels on your property.

Amount of Energy Produced by Solar

Generally, the size of the solar directly affects the monthly cost of electricity consumption. Thus, to ensure that your home has access to power that is dependable and stable, it is essential to get the most out of it. Unless you can reliably benefit from net metering, installing solar panels that cover 100% of power needs is your best bet since it is the most environmentally friendly option.

But if you want to increase the amount of electricity you use, for example, by charging a hybrid electric car or heating a hot tub, you’ll need to ensure that your system is equipped with sufficient kWh. We recommend installing premier panels, which are often smaller than standard panels but have greater power production. However, if you have a bigger roof area, you can easily satisfy your power needs by installing larger, less expensive panels that conform to the required efficiency.

No matter the type of panel you choose, check out the cost advantage of installing a house battery when calculating how much your monthly power bill would decrease after installing solar panels. Increasing the amount of battery storage will significantly boost your financial stability in the face of escalating electric bills. This way, your energy use will be under control, you’ll be contributing to a cleaner, friendlier environment, and you will end up saving more money from electric bill savings.

Household’s Energy Consumption

It should be no surprise that the energy you use significantly determines your monthly electric cost. The Energy Information Administration of the United States estimates that the typical monthly energy use of a household in the United States is 897 kilowatt hours. Therefore, before investing in a solar power system, determine the energy use in your home. This way, it will be easier for you to invest in a solar system that meets your household’s energy usage requirements.

Local Electric Rates in Your Area

Finally, consider the rates your electric provider charges and how those rates are structured in your area. The current annual average cost of power in the United States is expected to go up by 3% during the next several years, while the cost of electricity will continue its slow but steady rise. When we talk about averages, the amount of energy used in a home in the United States multiplied by the average amount charged per kWh results in an average monthly electric bill of $113.20.

What Does It All Mean?

Solar panel and battery storage installations will significantly benefit the cost of your household’s electrical consumption. The total sum is contingent on several different factors, such as the size of your solar system, whether or not you have battery storage, the amount of energy you use, and your local electric rates. These factors will determine how much money you’ll save on electric bills.

A well-planned installation may make it feasible to reduce the amount of money you spend each month, and the financial benefit of this incentive will only increase as the price of power continues to rise. As time passes, you’ll discover that solar panels are a worthwhile investment, allowing you to save tens of thousands of dollars that would otherwise be wasted away through no fault of your own.

After installing solar panels, you may demonstrate your commitment to a healthy and clean environment by contrasting your old electric bill from the previous year with your solar panel bill for the same month of the current year. Soon, all it will take is a quick glimpse for you to determine how much power your solar panels are generating and how much your home really needs.

How Much is the Average Electric Bill with Solar Panels?

Recent statistics from the Energy Information Administration (EIA) indicate that the average family in the United States consumes roughly 10,766 kilowatt-hours (kWh) of energy every single year, with typical monthly use being around 897 kWh. In addition, the cost per kWh for the home is 12.57 cents. Hence, the average American monthly electric bill is up to $113 (897 kWh x 21.57 cents = $112.75).

Go Solar Today with America Green Solar

Forget financial concerns from electric bills; with solar panels, the control of the energy used in your home is in your hands. Now is the time to enjoy reduced electric bills, increased peace of mind, and a smaller carbon footprint. At America Green, we are ready to meet any of your solar panel installation needs. For service-related queries, visit www.americagreensolar.com or call 888-505-5911.