The average home uses around 909 kWh of energy each month, and solar panels can help you save more than 90% on your electricity bills. But the true cost of solar panels and whether they will help you save money depends on a few key factors. Solar panels don't use water, so there's no risk of altering ecosystems like expensive dams or radiation risks. You should confirm the availability of economic incentives and consult your tax advisor about the tax credit before installing a solar photovoltaic system.
Two cities, Orlando and Jacksonville, offer rebates for solar battery backup systems. How you install your solar system and through whom you install it can really change your future savings. The more solar panels a location installs, the less coal-fired power companies will burn, which means the air is cleaner. Over its useful life, the average residential solar system will compensate for the energy produced by burning more than 80 tons of coal or 175 tons of carbon dioxide.
Some homes will be able to get 100% of their electricity from solar energy, or even sell part of the surplus energy to the grid, while others will still have an electricity bill to supplement use. To get a solar energy savings estimate tailored to your location and circumstances, enter your address in the Florida solar energy savings calculator. But you should keep in mind that there is a bit of uncertainty when it comes to predicting future utility rates and solar production, so the amount you actually save with solar energy will vary. Without direct ownership of your equipment and energy, you won't benefit from those tax incentives and you won't even fully benefit from energy savings, which can have a big impact on what solar panels ultimately save you. Your exact savings will depend on many factors, including solar panel costs, utility company rates, and the climate in which you live.
Then compare solar panels as you would with other expensive items, such as a car or a TV.