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How Buying Solar Panels Will Help You Save Money In 2024

Posted 1/9/24

We know the dreadful feeling when the electric bill hits your mailbox or email. Your first question may be, “What is it going to be this month?”.

Everyone wants to avoid high energy …

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Sponsored

How Buying Solar Panels Will Help You Save Money In 2024

Posted

We know the dreadful feeling when the electric bill hits your mailbox or email. Your first question may be, “What is it going to be this month?”.

Everyone wants to avoid high energy costs. However, it is difficult to keep them low with so many devices at home. Additionally, prices are increasing each year.

Fortunately our partners, Isaksen Solar, can help you understand the benefits of buying solar panels. These benefits include reducing or eliminating your electricity bill, and maintaining a fixed monthly electricity price. 

How Do Solar Panels Work?

If you are unfamilar with how solar panels work here is a quick explanation. Homeowners install solar panels at their home in a location that receives optimal sunlight. The solar panels convert the sunlight into electricity to power your home. 

Instead of paying your utility company every month you become your own energy provider.

How Does Buying Solar Panels Help Me Save? 

A solar company will assess your energy needs and design a solar panel system. The solar installation will generate more electricity than you use annually. In some cases, you can make a design to maximize your solar production based on the available space.

Your assessment will provide you with a detailed outline of how you can save before installing your solar panels.

Your purchase of solar panels eliminates the need to worry about your monthly electricity usage. The panels generate more electricity than you need, which means you won't have an energy bill. 

Your solar panels also protect you from increases in your energy bill because of rising prices of natural gas. When you buy solar panels, your home doesn't rely on natural gas for electricity and uses clean energy from the sun.

Should I Get Solar Panels? 

Unfortunately, solar panels are not a great fit for every homeowner. 

Before installing, solar companies determine if the home has the optimal setup to produce solar energy. This will require an assessment and review of a recent electric bill to determine your energy needs.

Your solar provider can show you how much solar energy you need and how solar panels can save you after they complete the assessment. 

Buying solar panels aims to eliminate your electricity bill and replace it with a lower monthly payment. This payment will be consistent for the duration of your loan or lease.

How Much Can I Save With Solar Panels

Every home is different, so the exact numbers vary. A regular Massachusetts household using 600 kwh of electricity can save $1,500 to $2,000 on their annual electricity bills.

The savings increases when you account for annual electricity price increases. Once you pay off your system, you will accumulate even more savings and have effectively free electricity. This is where the long term savings kick in as the solar panels are under warranty for 20 years to 25 years.

In addition to the savings is the peace of mind. Say goodbye to the monthly surprises from fluctuating bills.

Get Your Isaksen Solar Quote

When you buy solar panels, you have choices to make, such as deciding whether it is better to lease or buy solar panels. There may also be available solar incentives in your state and town that add to your savings as well. 

Overall, the best way to answer “Should I go solar?” is to get a solar quote. At Isaksen Solar they can asses your total cost, calculate your savings and answer all of your questions!

2024 by East Bay Media Group

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MIKE REGO

Mike Rego has worked at East Bay Newspapers since 2001, helping the company launch The Westport Shorelines. He soon after became a Sports Editor, spending the next 10-plus years in that role before taking over as editor of The East Providence Post in February of 2012. To contact Mike about The Post or to submit information, suggest story ideas or photo opportunities, etc. in East Providence, email mrego@eastbaymediagroup.com.