How Much Does Solar Save You?
To understand how much solar can save you, it’s important to calculate how much you spend on electricity every year. The average energy use for a U.S household is 10,649 kilowatt-hours (kWh). If you multiply the kWh by the national average electricity rate as of October 2021, $0.1411 per kWh, it comes out to be $1,500 spent yearly on electricity.
The nature of electricity prices need to be considered as well. When
thinking about utility electricity rates it’s important to keep in mind
that we can expect these rates to rise over time. Rates have risen
around 1.3% every year over the past ten years. When you generate
your own solar energy you are locking in your energy costs at a