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Average Lifetime Savings of Solar

The average lifetime savings of a residential solar panel system can vary widely depending on a number of factors, including the size and efficiency of the system, the local cost of electricity, and the amount of sunlight received in the area.

However, according to a report by the National Renewable Energy Laboratory, the average savings over the lifetime of a residential solar in the United States is between $10,000 and $30,000. This can vary depending on the state and the specific circumstances of the installation.

While solar panels can be expensive initially, the long-term savings can be significant, especially as electricity prices continue to rise over time. Additionally, homeowners may be eligible for federal tax incentives and other rebates that can help reduce the initial costs of installation.

The majority of Energy Renovation Center’s solar homeowners choose to go solar because it makes perfect sense financially. Most people don’t realize the hugely positive and long-lasting impact on the earth that clean power will provide for decades to come. Solar energy is a clean and renewable source of energy for your home or business. Energy Renovation Center is contributing by supplying clean energy for thousands of homeowners. Our customers will be doing their part to help save our planet!