What will be Your Average Monthly Electric Bill with Solar Panels In US

average monthly electric bill with solar panels

The average monthly electric bill in the United States is $146.92, according to the Energy Information Administration. However, the cost of your electric bill can vary depending on a number of factors, including the size of your home, the climate you live in, and your energy usage habits.

If you have solar panels installed on your home, you can expect to see a significant reduction in your monthly electric bill. The average monthly electric bill for a home with solar panels is $37.50, according to a study by EnergySage.

Here is a simple guide for you if you want to know what will be your average monthly electric bill with solar panels in US.

What will be Your Average Monthly Electric Bill with Solar Panels In US see this graph.

How much can you save on your electric bill with solar panels?

The amount of money you can save on your electric bill with solar panels will depend on a number of factors, including:

  • The size of your solar panel system: The larger your solar panel system, the more electricity it will generate and the more money you can save on your electric bill.
  • The amount of sunlight your home receives: If your home receives a lot of sunlight, your solar panels will generate more electricity and you can save more money on your electric bill.
  • Your energy usage habits: If you are able to reduce your energy consumption, you can save even more money on your electric bill with solar panels

For example, let’s say you have a 7.5 kW solar panel system and your home receives an average of 5 peak sun hours per day. Your solar panel system will generate an average of 37.5 kWh of electricity per day.

If your electric utility company charges you $0.17 per kWh, you can save $6.48 per day on your electric bill. This means that you can save $194.40 per month on your electric bill with solar panels.

Factors that affect your monthly electric bill with solar panels

Factors that affect your monthly electric bill with solar panels

In addition to the factors listed above, there are a number of other factors that can affect your monthly electric bill with solar panels, such as:

Net Metering:

Net metering is a billing policy that allows you to sell excess electricity generated by your solar panels back to your electric utility company. This can further reduce your monthly electric bill.

Time-of-use (TOU) Rates:

TOU rates are electricity rates that vary depending on the time of day. If you have TOU rates, you can save money by using more electricity during off-peak hours.

Battery Storage:

If you have battery storage, you can store excess electricity generated by your solar panels and use it at night or during power outages. This can further reduce your monthly electric bill and make you more energy independent.

Here is the Table to Look Out:

ScenarioMonthly Bill Before Solar ($) \$Solar System Size (kW) \Monthly Bill After Solar (Low) ()Monthly Bill After Solar (High) ($)
Low Energy User5051020
Average Energy User10063040
High Energy User1507.55060

Also Read: 5 Best Solar Exhaust Fan For Greenhouse 2023: Harnessing Sustainable Ventilation

Conclusion

The average monthly electric bill for a home with solar panels is $37.50. However, the amount of money you can save on your electric bill with solar panels will depend on a number of factors, such as the size of your solar panel system, the amount of sunlight your home receives, your energy usage habits, and the net metering policy in your area.

If you are considering installing solar panels on your home, be sure to do your research and compare quotes from different solar panel installers.

You can also use the Solar Energy Industries Association’s (SEIA) Solar Savings Estimator to get an estimate of how much money you can save on your electric bill with solar panels.

Tips for Reducing your Electric Bill with Solar Panels

  • Make sure your solar panels are properly maintained. This includes cleaning them regularly and inspecting them for any damage.
  • Use energy-efficient appliances and light bulbs. This will help to reduce your overall energy consumption and save you money on your electric bill.
  • Unplug electronics when they’re not in use. Even when electronics are turned off, they can still consume electricity. Unplugging them when they’re not in use will help to reduce your energy consumption and save you money on your electric bill.
  • Make your home more energy-efficient. This can be done by adding insulation, sealing air leaks, and planting trees around your home to provide shade.

By following these tips, you can reduce your monthly electric bill with solar panels and save even more money on your energy costs.

Also Read: How to Charge a Solar Battery With Electricity 2023 – Simple Guide

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