Electric Bill With Solar Panels

The utility company calls this a true up bill.

Electric bill with solar panels.

The electric company charges based on a volume rate or the number of kilowatt hours used. The size of your solar panel system has a direct impact on your monthly electric bill. Most residential solar panel systems are anywhere from 5 to 10 kilowatts kw. The average electric bill in the states is somewhere in the range of 100 120 per month.

When boston solar designs solar systems we look at your average monthly electric bill and show you what your solar offset will be once the panels are installed. To give you an idea a 5 kw system will produce around 8 000 kwh a year and a 7 kw system could produce about 10 000 kwh each year. The size of your solar panel system among other factors influences the number of kilowatt hours kwh that are produced. Our goal is to cover 100 of your electricity costs but of course there are factors to going solar that may prevent this ie.

If you purchased a solar energy system outright with cash you don t receive any solar bills except a monthly statement from your solar provider that tells you your system s production for the month. Fitting solar panels can be expensive but it will reduce the amount spent on electricity. With an understanding of how much you re paying right now you should get an idea of how much electricity your solar panels will need to generate in order to eliminate your bill. However with a home solar system your electric bill only includes the number of kilowatt hours you ve used from the grid.

When you first install your solar panel system your local utility company will provide you with an option to pay yearly. As concerns around protecting the environment continue to increase more of us are having solar. After the bottom line on your energy bill electricity use is the component we look at. If you obtained solar panels through a lease or a power purchase agreement ppa you will receive a solar bill each month from your solar company.

If you re really energy conscious you could even take steps to reduce your electric bill to 0 00 or below. The annual billing cycle starts the same date your system turns on not necessarily the date it was installed and ends a year later. With solar the average bill here in west texas is 30 for a total of 7 200 for the next 20 years so if a solar solution for that size consumption is 32 000 with the 26 tax credit it comes out.