How Does Solar Affect My Bill?

How Does Solar Affect My Bill?

How Does Solar Affect My Bill?

How Does Solar Affect My Bill?

We all know that the main goal of a solar panel system is to maximize energy savings and reduce monthly utility bills.
These are the questions that are commonly asked by people who take an interest in getting solar panels installed in their homes:

  • How much will my electric bill be with solar panels?
  • How efficient are solar panels?
  • How much electricity does solar energy save?
  • How much will I save with a solar panel over time?
  • How to get the most out of solar panels?

How Do Solar Panels Affect Energy Bill?
The help of solar panels in cutting electricity bills is immeasurable.  Solar panels can help homeowners lower energy monthly bills dramatically.
Homeowners should aim to get the most out of free electricity from solar panels. A homeowner must know how much energy they will be able to save with a solar panel.
It’s worth noting that homeowner’s electricity costs depend a lot on the amount of the energy that has been generated by a solar panel.
Among the other factors that affect an energy bill are:

  • the average amount of electricity that a homeowner consumes per month
  • the price for electricity in the area
  • the size of the solar power system
  • the area where you live

If you get solar panels installed on your home’s roof, you’ll be able to get the additional energy in your house. As a result, you’ll need to purchase less energy and, therefore, you’ll pay less for the energy used.
The more energy your solar panels generate, the less you will have to pay for electricity per month.

How Does Solar Affect Energy Bill Over Time?

Solar panels give you the control of your energy costs and make your home more energy-efficient.
Your monthly electricity costs will reduce dramatically once you start using solar panels in your home.
And of course, this will have a huge positive impact on your energy bill over time. You’ll be able to see a huge difference in your energy bill if you have been using energy for over 30 years.

What Factors Affect Solar Panel’s Efficiency? 

Bear in mind that a homeowner’s savings depend on a variety of factors. For example, the cost of a solar panel system is one of the factors that affect savings.
Solar panels need to be customized to maximize any homeowner’s energy savings. Among the factors affecting the solar panel’s power production efficiency are:

  • Climate
  • Solar panel placement
  • Temperature
  • Roof angle
  • Roof material
  • Roof shading
  • Roof space
  • Location

The efficiency of a system depends on the type of solar panels installed in your home. There are different types of solar panels available for homeowners these days. It’s worth noting that solar panels work differently.
Monocrystalline solar panels have an efficiency of 22 – 27%.
Polycrystalline solar panels have an efficiency of 15 – 22%.
Thin-film solar panels have an efficiency of 15 – 22%.
You must be very selective when it comes to picking solar panels for your house.
Pay close attention to such factors as the efficiency of the entire module of solar panels, the cost of solar panel installation as well as the durability of solar panels.

How to Get the Most Out of Solar Energy

365 Solar Energy helps its customers take advantage of their utility’s solar program known as net metering.  Net metering is the way that power generated from a solar array shows up on your bill.
During the day a homeowner will first use the power generated from their solar array.  Net metering allows the customer to be credited with the same retail rate that the utility normally charges the customer for power.
When there is more power being made then being consumed the extra power travels back to the utility, and is credited on the homeowner’s bill.  Then, when the evening comes and the sun is no longer available the customer will buy power from the utility but buys the power with the credits that they banked up during the day.
When a customer is using more power during the day than they produce the customer will buy the extra power needed from the power company at the normal rate they’d normally pay for the power.
In terms of a monthly basis, the customer will see a line on their bill for PV (solar) production in the form of credit.  Underneath that will be a line for energy consumed.  In the event of overproduction, the customer will have a credit that can roll over to the next month’s bill.  If they end up using more power then they use, their bill will result in a balance due.  Thus leaving the customer always responsible for the NET balance.