{"id":81,"count":23,"description":"With the average grid electricity price jumping 18% in just the last two years, many homeowners are now turning to solar power to shield themselves from ever-increasing utility rates.\r\n\r\nBut exactly how much money do solar panels save?\r\n\r\nIn this article, we'll explore how going solar saves you money and the variables that impact your overall savings.\r\n\r\n*<\/span>\r\n\r\n[pnpZip background=true border=true primary_color=\"#8b72d3\" content_texts=true utm_campaign=\"get_started_injectable\" utm_medium=\"how much do solar panels save\" upper_text= \"Compare quotes from multiple\" upper_text_span = \"trusted installers\" lower_text= \"See how much solar could lower your\" lower_text_span = \"energy costs\" get_started_text = \"Get started\"]\r\n\r\n*<\/span>\r\n

How much money do solar panels save?<\/h2>\r\n Over the 25-year warranty, solar panels can save tens of thousands of dollars by offsetting your utility bill with a lower cost for solar power.<\/strong>\r\n\r\nWhen you install solar panels on your roof, you are essentially replacing part or all of your electricity bill with monthly payments on a solar system. And with the cost of solar<\/a> plummeting over the last 40 years, the monthly payments for solar panels are typically far less than paying for grid electricity.\r\n\r\nGenerally, if your electricity costs are higher<\/a> than your solar costs, you\u2019re going to see savings by switching to solar.\r\n\r\n\"How\r\n\r\nLet\u2019s look at how much you are currently paying for your electricity.\r\n

Cost per kWh of solar vs grid electricity<\/h3>\r\nThe easiest way to compare the cost of solar versus grid electricity is by breaking down the cost of each kilowatt-hour (kWh) -- known as the levelized cost of electricity.\r\n\r\nWithout solar panels, your levelized cost of electricity is simply the rate your utility charges. The map below shows the average utility rate in each state.\r\n\r\n