{"id":21958,"date":"2020-05-05T15:31:20","date_gmt":"2020-05-05T15:31:20","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=21958"},"modified":"2020-05-05T15:31:20","modified_gmt":"2020-05-05T15:31:20","slug":"ways-solar-panels-can-save-you-money-in-2020","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/ways-solar-panels-can-save-you-money-in-2020\/","title":{"rendered":"Ways Solar Panels Can Save You Money in 2020"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">As the world continues to modernize and technology continues to advance to even greater heights, one thing becomes abundantly clear: the world as we know it is entirely dependent on electrical energy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether it&#8217;s from fossil fuels, natural gas, or renewable sources, the world\u00a0<\/span><i><span style=\"font-weight: 400;\">has\u00a0<\/span><\/i><span style=\"font-weight: 400;\">to have electrical energy in order to\u00a0sustain itself in the way that it does today. However, as nonrenewable sources continue to be depleted, more and more\u00a0consumers are turning to renewable alternatives like solar panels to save resources and conserve money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The question though, of &#8220;do solar panels save money?&#8221; isn&#8217;t as straightforward as it may seem. Yes, while\u00a0the burden on your electrical bill decreases, the fact of the matter is that installing a solar energy system in your house is no\u00a0small expense. On top of that, you&#8217;ll also have to maintain the system, which could mean replacing solar panels as they burn out and fixing other issues that come up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we&#8217;ll take a quick look at how solar panels save you money in 2020.<\/span><\/p>\n<p><b>Understand Current Costs<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To understand how much money you can save with solar panels, it&#8217;s important for you to understand how money you&#8217;re spending on electricity right now. Sources reveal\u00a0that the average American household consumes almost 11,000 kiloWatt hours over the course of a year. Given that the average rate for electricity in the country is $0.13 per kiloWatt hour, that yields an annual cost of about $1,430.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now let&#8217;s take a look at how much you can save.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let&#8217;s say that you&#8217;re able to install a 6-kiloWatt system in your household for approximately $12,000. This is a fairly reasonable estimate if you go with a trusted provider like <\/span><a href=\"https:\/\/poweredportablesolar.com\/faq\/\"><span style=\"font-weight: 400;\">https:\/\/PoweredPortableSolar.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This should be able to meet your energy needs over the course of the year. If you have been spending $1,430 on your electricity needs per year, then it will take\u00a0you just over eight years in order to break even on your solar investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But for every year after that, you&#8217;re saving over a grand a year on electricity!<\/span><\/p>\n<p><b>Other Ways Solar Panels Save Money<\/b><\/p>\n<p><span style=\"font-weight: 400;\">However, also consider the fact that installing a solar system does two things. First, it makes you eligible for federal and state tax credits. This could reduce the overall cost of your installation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next, it also significantly improves the value of your home. Most home buyers\u00a0would jump at a chance to purchase a house that will never require an electricity bill to be paid. Thus, your home&#8217;s market value will certainly increase.<\/span><\/p>\n<p><b>Do Solar Panels Save Money?\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The answer to the question of &#8220;do solar panels save money&#8221; is certainly a resounding yes. Although it\u00a0may take you a few years to realize the gains, given the facts that you can save on your electricity bill, reap the benefits of a tax credit, and increase the value of your home, there&#8217;s no doubt that that solar energy will be a profitable venture for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more home improvement advice, be sure to check out the rest of the articles on the website!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the world continues to modernize and technology continues to advance to even greater heights, one thing becomes abundantly clear: the world as we know it is entirely dependent on electrical energy.\u00a0 Whether it&#8217;s from fossil fuels, natural gas, or<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/ways-solar-panels-can-save-you-money-in-2020\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":21959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[700,13],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2020\/05\/Capture-2.png","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/ways_solar_panels_can_save_you_money_in_2020","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21958"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=21958"}],"version-history":[{"count":1,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21958\/revisions"}],"predecessor-version":[{"id":21960,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21958\/revisions\/21960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/21959"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=21958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=21958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=21958"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=21958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}