With solar being an affordable, environmentally friendly option, making the switch seems like the right choice. The question is, however, are solar panels worth it? When you decide to go solar, you can eliminate your electric bill or lower it so much that electricity costs are no longer a significant factor in your budget. Your overall savings depend on factors including how much energy you produce versus how much you will consume. Since electricity prices are always on the rise, your savings will continue to grow year after year with your fixed rate with solar.
On average, a 30-panel solar system with panels rated at 290W, you will see 15,800 kWh of electricity produced in a full calendar year. Considering the average electricity use per year in the U.S. is around 10,600 kWh, that’s more than enough to power your home with solar!