How Much Can You Save with Solar?

Breaking Down the Numbers

One of the most common questions we get at Ape Solar is, “How much can I really save by going solar?” In this blog, we’ll break down the potential cost savings, giving you a clear idea of how solar can reduce your energy bills and deliver long-term financial benefits.

Initial Investment

‍The upfront costs of installing a solar system vary depending on the size of your system and your location. On average, a residential solar installation can cost anywhere from $10,000 to $30,000 before incentives. However, various state and federal tax credits, as well as rebates, can significantly lower these costs.

Energy Savings

‍Once your system is up and running, the savings start rolling in. On average, homeowners can save between $1,000 to $2,500 per year on their electricity bills. Depending on your energy consumption, this means you could break even on your investment within 7-10 years, after which the savings are pure profit.

Off-Grid vs. Grid-Tied Systems

‍The amount you save will also depend on whether you choose an off-grid system or remain connected to the grid. With off-grid setups, you’ll eliminate your electric bills entirely, but you’ll need a robust battery system to store energy. Grid-tied systems allow you to sell excess energy back to your utility company, further increasing your savings.