POCO Solar Blog

How Much Money Does Solar Really Save?

Solar energy is often touted as being as good for the wallet as it is for the planet. But some people still balk because installations costs can seem high. How much money can you really save by making the switch to solar—and how long will it take for this investment to pay off?

The good news is that the photovoltaic cells used to generate solar energy are getting cheaper and more efficient all the time, so the price of installing a solar energy system might be a lot less than you think. In fact, since 2009, the price of solar panel systems has dropped by over 70%. Even so, getting off the grid can still be a big investment for most households.

There are three general ways that solar panels will save you money:

  1. Tax credits and rebates
  2. Savings on utility bills
  3. Increasing the value of your home

Overall, most people can expect to have fully paid off their investment in solar panels in about nine years. Some people can even eliminate their electricity bill entirely!

If you’re ready to make the switch to solar, learn more at PocoSolar.com.