How Much Can Solar Save You? The Real Numbers Behind Solar Savings

Written By Parker Dinsdale

Introduction: Why Solar Saves You Money

Switching to solar isn’t just about going green—it’s about saving serious money on electricity bills. Homeowners everywhere are making the shift, but the biggest question remains: How much can solar really save you?

The short answer? Thousands of dollars over the lifetime of your solar system. The long answer? It depends on your energy usage, electricity rates, incentives, and financing options. In this guide, we’ll break down the real numbers behind solar savings.

Breaking Down the Savings

Monthly Savings Example

Let’s say you’re paying $200 per month for electricity. With a solar system that offsets 70% of your energy costs, your new bill could be just $60 per month. That’s a savings of $140 per month right away!

Annual & Lifetime Savings

  • Yearly savings: $140 x 12 months = $1,680 saved per year

  • 25-year savings: $1,680 x 25 years = $42,000+ saved over time

  • Payback period: Most solar systems pay for themselves in 6-8 years, meaning every year after is pure savings.

Incentives & Tax Credits (Maximize Your Savings!)

Did you know that the Federal Solar Tax Credit (ITC) allows you to deduct 30% of your system cost from your taxes? That’s thousands of dollars back in your pocket.

Other incentives include:

  • State & local rebates (varies by location)

  • Net Metering programs, which let you sell excess solar energy back to the grid

  • Utility company incentives that lower upfront costs

Financing Solar: Making It Affordable

Think solar is too expensive? Think again. Most homeowners go solar with $0 down financing, making it easy to switch without breaking the bank.

Your options:

  • Solar Loans: Own your system, get incentives, and enjoy long-term savings.

  • Solar Leases: Pay a fixed monthly rate to use solar power (lower upfront cost, but fewer incentives).

  • Cash Purchase: Best long-term savings, but higher initial investment.

Pro Tip: The lower your energy bill, the higher your return on investment (ROI).

Is Solar Worth It for You?

Solar makes the most sense if:

✅ Your electricity bill is $100+ per month

✅ You plan to stay in your home for at least 5 years

✅ Your home gets decent sunlight throughout the year

✅ You want to increase your home’s value and lower energy costs

If you checked most of these boxes, solar is a smart investment for you!

See Your Actual Savings!

📌 Want to see your actual savings? Get a free solar estimate!
🔗 Try our Solar Savings Calculator and find out how much you can save today!

By making the switch to solar, you’re not just helping the planet—you’re making a smart financial decision that pays off for years to come.

Parker Dinsdale