Solar Cost vs. Savings: Does Solar Really Save You Money?
Installing solar panels on your roof can significantly reduce your electric bills and help you save money on utility costs for decades. The upfront cost of a solar installation isn’t insignificant, but in most cases, the long-term savings make solar panels worth the investment.
Solar Panel Costs
Solar panel installation costs can vary greatly depending on how big your house is, how much electricity you use, the pitch and style of your roof, and even the current state of the supply chain.
With so many variables in the mix, it’s difficult to provide an accurate estimate without talking to you about your specific needs, analyzing your recent electric bills, and assessing your roof. To find out how much solar installation will cost for your home, it’s best to get an estimate from an experienced, local solar installer.
Contact Sustainergy Cooperative today for a free solar estimate. We offer easy, no-pressure consultations and estimates so you can get the information you need to decide what’s best for your home.
Smart Solar Helps You Save More
At Sustainergy Cooperative, we believe clean, affordable energy is for everyone. Our Smart Solar approach combines energy efficiency upgrades and solar installation, which can make your solar project more affordable and effective. We start by evaluating your home’s efficiency and making high-impact, low-cost upgrades like attic insulation and air sealing. These improvements reduce the amount of power your home consumes so you can meet your electricity needs with a smaller solar system. Smart Solar ensures your solar panels are generating energy for a house that doesn’t waste it!
Incentives Reduce Upfront Solar Costs
There are rebates and incentives available for solar installation, including the federal solar tax credit. The solar tax credit reduces what you owe when you file your annual tax return by 30% of your solar installation costs.
Breaking Even on Your Solar Installation
Solar panels are a home upgrade that will pay for itself over time in the form of electric bill savings. The amount of time it takes to break even on your investment in solar panels is known as the solar payback period. Solar payback periods can vary just as much as solar installation costs, but most solar owners break even in about 8 or 9 years. Solar panels last for 25+ years, leaving plenty of time to stack up savings after breaking even.
How Much Do You Save with Solar: Long-Term Solar Savings
Solar panels provide long-term electricity bill savings and are one of the best investments you can make in your home. With solar, you don’t have to accept the rate your utility company offers. Instead, you can get a lower price per kWh by installing solar on your roof and harnessing free fuel from the sun. You will be protected against rising electricity rates and your solar panels will pay for themselves over time.
Sustainergy Cooperative installs solar panels for homeowners in Greater Cincinnati, Northern Kentucky and southeast Indiana. We are a local, worker-owned cooperative, which means all of our technicians are fully committed to your project’s success—your success is their success!
