By Going Solar, How Much Can You Actually Save From It?
With the word spreading about the popularity of the solar panels and their benefits, looks like there has never been a much better time to get solar panels for home. The increasing demand and popularity have urged the manufacturers to bring in many affordable solar panel models, more productive photo-voltaic systems, improved valuable STCs, all for better ROI. With so many favorable perks offered with today’s solar panels, people are being compelled to invest in going solar.
Most people now prefer to invest in a solar panel system by keeping in mind the long-term benefits. Also, there are quite a few reasons that urge people to go solar, with one of the most popular one being saving the pennies. However, saving the money is not going to happen overnight. It is going to take a while and, you cannot rush or jump to conclusions about it. You need to follow a step-by-step guide and wait patiently to reap the benefits. In this blog, we will have a brief outline of the way you can save your money by going solar.
1. Lower Consumption Of Power – It is obvious that the solar panel system will produce 2-3 times more solar power during summers than in winters. So, your utility bills will be relatively less during the summers than the winters. The simulated results of the average potential savings show that in the households who use solar panels, the consumption data during the summers are below the average yearly consumption when compared with the consumption data of the households who do not have a solar panel. The lower power consumption will be reflected in the relatively lower electricity bills, which means that you are saving your money instead of paying higher electricity bills. Also, you can save the unspent energy and send it back to the grid, where you can earn money.
2. Load Shifting – You can actually start saving energy, resources, and your money by going solar. You don’t even have to do any load shifting and you can still earn by switching to solar. Reports show that by just starting to use solar, you can save up to 25% on your utility & electricity bills. However, the stats may change depending on the usage. If the solar panels are used in the middle of the day, then it will really help in bringing down the electricity bills. However, most people work during the days and come back home after the sun goes down, and that is when the solar panels cannot be utilized up to the full potential. At such times, you can take advantage of the load shifting feature, in which you can have all the electricity produced when the sun is up and the power is stored in the grid, which can be derived back to be used when the sun goes down. Load shifting is all about putting your solar power to the best use when the sun is all bright and putting it to use by the households in which the people work at day and use the electricity at night. Most of the times, effective load shifting is done by setting a timer to the appliances like dishwashers, etc., a timer to turn on the air conditioner and cool the room before you are back home from work, etc. This way, you can save your money by using the stored power even after the sun is down instead of using the electricity and increasing the bills.
3. Grid Storage – As mentioned already, all the power produced from the solar panel system during the daytime will be sent back to the grid. Here the energy is stored until it can be put to use when needed. Most solar providers also suggest putting up a battery, which will help efficiently when there is more export happening to the grid during the daytime with more saving up of the power and using it at the right time when needed.
So, if you are considering to go solar and are still wondering if it is worth all the investment and if you will reap all the financial advantages, then think no more and get one installed as soon as possible. At FutureSolarUSA, you can apply for a free quote and our reliable experts will give you all the required insights about the solar panels, their maintenance, and benefits.