With Only $0 down Solar Can Save You up to $34,000 Over 20 Years

by Zachary Shahan.

Originally published on Cost Of Solar.

How Much Are Solar Panels? Wrong Question. How Much Can Solar Panels Save You?

OK, it’s true, How Much Are Solar Panels? can be a useful question. But, really, this question is largely of minimal importance today. Either through $0 down loans or 3rd-party-ownership models that let you lease a solar power system instead of buying one, most residents and businesses with a decent roof or ground space for solar panels should have an opportunity to go solar without buying the entire solar panel system up front.

The real question — the real ways in which ‘going solar’ affects your finances — is how much it saves you and how soon, or when, it starts to save you money.

I’ve recently created the short infographic below to highlight the 20-year savings from going solar in some of the most populous states in the country, as well as in Hawaii, which has the greatest average savings per project.

Solar savings graphic
Renewable Energy solar savings graphic (USA).

Notably, those savings are based on 2011 research. The cost of solar has dropped tremendously since then, so the savings should be even greater (on average). Unfortunately, I haven’t seen more recent research on this matter. The specific data points — average 20-year savings from going solar — for those states are as follows:

  • California: $34,260
  • New York: $31,166
  • Florida: $33,284
  • Texas: $20,960
  • Hawaii: $64,769

These numbers were included in a cool solar power infographic I shared last week. However, the map displaying these numbers was number 3 of 4. I’ve gone ahead and pulled out this key map and will insert it below so that you can see savings in your specific state if you don’t live in one of the four most populous states or Hawaii.

Renewable Energy. Solar Power savings over 20 years in the U.S.A.
Renewable Energy. Solar Power savings over 20 years in the U.S.A. Image by 1BOG

These savings are tremendous. Even the national average (again, in 2011, when solar panels were much more expensive) is above $20,000! How much are solar panels… going to save me? That’s the question to ask. (Of course, you can request a quote on Cost of Solar to get a savings estimate and even a follow-up site visit for a more exact estimate, and it will also give you an estimate of how much solar panels for your house or business will cost.)

Repost.Us - Republish This Article

This article, How Much Are Solar Panels? Wrong Question. How Much Can Solar Panels Save You?, is syndicated from Clean Technica and is posted here with permission.

About the Author

Renewable Energy. Zachary ShahanZachary Shahan is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy for the past four years or so. Aside from his work on CleanTechnica and Planetsave, he’s the Network Manager for their parent organization – Important Media – and he’s the Owner/Founder of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.

Send us your thoughts!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s