With summer fast approaching, many home owners are reaching the point of the year where they start to dread opening their electricity bill each month. And for good reason — because not only are gas prices rising, in some states as high as $5.00 per gallon, but on top of that, power bills are rising. Many homeowners feel like they are getting squeezed by big oil and power companies. The feeling of frustration is enormous, but the good news is, there IS something that you can do about your expensive electricity bills.
How much can I save on electric bills by installing a home solar power system?
Because energy prices fluctuate, there is no way to calculate for sure exactly how much money you can save by using solar energy. But, many homeowners that have switched to solar energy report that they have cut their energy bills by 50% to as high as 90%. This can really add up if you take into account that the average solar energy system on a residential home can last up to twenty years.
What will a residential solar energy system cost me?
A sophisticated and reliable solar electric system will cost about $20,000. Solar electricity costs about $10 to $12 a watt installed, though you may be eligible for state incentives. Check your utility bill to see your monthly usage. You can spend as much money, to receive as much solar electricity, as your budget will allow to put into the investment.
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