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Could Installing Solar Panels on Your Home Save You Money

Posted 26th May 2017 by tammywy

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For families who own a home, the cost of living can often be more than they can afford. It’s not just the mortgage, it’s all the other bills that also add up. Perhaps you’ve been looking at ways you can cut back on your monthly costs, and have stumbled across solar panels as an option. The whole idea of installing these panels on your home is to cut down on the amount of electricity you need to run the various appliances, and items in your home.

So, as you look at the cost of installing these panels it’s only natural to wonder if they can indeed save you money. The answer may just surprise you.

The Savings Are Real

To answer your question as to whether or not solar panels can save you money, the answer is a very simple yes. They will absolutely cut down on your electric bill. What is hard to determine is the amount of money you will save. This will be based on how many panels/how big of a solar system you install, what the size of your roof is, what your current electric bill is, and sometimes even which state you live.

According to a study quoted on SolarNation, customers who installed a system saved anywhere from $44 to $187 per month.

What About the Cost of the System?

Some homeowners hold back on installing a system out of fear of the cost. They figure all the savings they’d see in their electric bills will instead be eaten up by the cost to install the system. This isn’t the case at all. Instead, it’s advised you contact a solar system installer/provider and ask for a free quote.

Companies such as Semper Solaris will actually provide a free on-site evaluation and quote, and even feature a zero-down offer. Installing these panels could be much more affordable than you thought.

A Few Tips When Shopping for a System

If you've decided to go ahead and install a solar system, there are a few tips you should keep in mind. These include:

- Will you be leasing or buying the panels? Some companies offer a lease rate, which can be more affordable for families.

- Does your system have any Smart technology built into it, meaning can you control it from a smart device. As a side note, if they do offer web functionality, make sure you ask if any outside source will be using this feature to collect data on your usage.

- Pick a reputable installer who has been in the business for a while. You want to make sure the panels are installed properly, and that they are high-quality.

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