How Do I Lower My Electric Bill With Solar Energy?

Are you tired of high electricity bills and want to lower them? The solution that many homeowners are turning to is solar energy. Installing solar panels in your home can generate clean, renewable energy and significantly reduce your electric bill. This blog post will discuss some essential tips to help you get started.

Determine if Solar is Right for You

The first step in lowering your electric bill with solar is determining if solar is a good fit for your home. Some factors include the size of your roof, the direction it faces, and the amount of shade it receives. You should also consider the size of your energy needs and your budget. If you are unsure whether solar is right for you, use SolarQuote’s tool or consult a solar expert to help you assess your options.

Choose the Correct Solar Panel System

Once you have decided that solar is a good fit for your home, the next step is to choose the right solar panel system. Several factors to consider, including the type and size of panels, the number of panels you need, and the mounting system. Thoroughly researching solar panels and selecting a system that meets your energy needs and budget is essential. Several types of solar panels are available, including monocrystalline and polycrystalline solar panels. Monocrystalline panels are generally more efficient, with an efficiency rate of 15% to 20%, but they are also more expensive. Polycrystalline panels are less efficient, with an efficiency rate of 13% to 16%, but they are also less expensive.

Calculate the Potential Savings

Before switching to solar it is a good idea to calculate the potential savings you could achieve. SolarQuote's user-friendly tool can help you estimate your energy needs and the potential cost savings of going solar. In this way, you will have a good idea of the financial benefits of switching to solar, and it will help you make an informed decision. You should also consider the payback period, which is the time it will take for the savings from your solar panel system to cover the upfront cost. A shorter payback period is generally more favorable, as you will save more over the 25-35 years of your solar system’s lifespan, increasing your ROI(return on investment).

Shop Around and Compare Quotes

Once you understand your energy needs and the potential cost savings of going solar, the next step is to shop around and compare quotes from different solar companies, but you don’t need to visit each company or get bombarded with sales calls. Try SolarQuote's online estimation tool, which will help you get solar and battery recommendations from top manufacturers such as Qcells, LG, Enphase, and Generac, as well as a competitive quote with prices at 20-30% below the national average, all from the comfort of your home. We will help you find the best deal and ensure a fair price for your solar panels.

Take Advantage of Incentives and Financing Options

Several incentives and financing options are available to help homeowners switch to solar. These can include tax credits, rebates, and loan programs. Researching these options and seeing if you qualify is a good idea, as they can drastically reduce the cost of going solar. SolarQuote provides fast solar financing through trusted partners such as GoodLeap and Sunlight Financial, and with three types of loan terms: lowest interest, longest tenure, and fastest payoff option; you can get credit approval instantly and purchase your solar system.

Switching to solar is a smart financial decision that can help you take control of your energy bills and reduce your carbon footprint. SolarQuote provides an estimate with an easy-to-use solar calculator that will generate an accurate, maximum-efficiency solar design along with a solar proposal which will allow you to access the best financing option and make a purchase immediately.

Unburdened by the necessity of a salesperson, SolarQuote customers can control the entire process of going solar. And if they do need any help, they can speak to a solar expert standing by 24*7 on live chat or contact SolarQuote via phone instead of chasing an agent. If you have determined that solar is right for you, choose the solar panel system you want, calculate your potential savings, and buy solar online with SolarQuote for the best deal.