How Much Will Solar Save Me Annually?

  • Nate Lewis
  • Chief Revenue Officer

Our Palm Desert solar team breaks down the true savings of solar installation in the Coachella Valley, and how much you will save each year by making the switch. Call Renova Energy for a free quote!

When it comes to saving money on energy costs, solar energy systems are an investment with a high return on what is known as avoided cost. With solar, you are avoiding an electricity bill—and in Coachella Valley, where the average home electricity bill runs upwards of $250 in the summer months, that adds up to an exponential amount of avoided cost, and therefore, money saved.

How Solar Energy Works to Save You Money

Simply put, solar panels accumulate solar energy directly from the sun’s rays, and that collected energy flows to the inverter, which then converts the energy into useable electricity for your home. The more sunlight, the more energy converted, and the less your home needs electricity provided through a utility service line. 

Typically, peak daylight hours will provide you with an excess of converted solar energy—this excess energy is then gathered and stored in a grid system for future access. When banking excess energy into a net metering system, you are able to access that energy with credit during night or on cloudy days when solar energy is not being generated. In Coachella Valley, which averages 10 hours of sunlight a day and 274 sunny days a year, you can imagine the excess of solar energy accessible to your home—meaning less utility electricity usage overall, and potentially rendering your electricity bill obsolete.

Average Price of Energy Costs in the Low Desert

Sunny southern California has some of the highest energy yielded from solar panel systems in the country, and Coachella Valley has a much higher average electricity usage per home due to the need for temperature regulation in the year-round desert heat. That is why, according to The Desert Sun, homeowners with solar paneling save an average of $74 per month annually, or $17,000 in the long run when they switch to solar energy. 

Cost Breakdown of Solar Installation in Coachella Valley

While total prices of your solar installation differ depending on several factors such as the size of your home, the number of solar panels you need based on your personal energy usage, and the SunPower series system you select, there is a basic understanding of total cost of solar installation in the Coachella Valley.

Costs of your solar installation may vary, and these variances are dependent on the following factors: 

  • The solar energy system you select
  • The size of your home 
  • The amount of solar panels needed to provide you with adequate energy, which is dependent on your personal average electricity usage

Overall, it takes an average of 8-9 years for your solar energy system to pay for itself—with a minimum of 25 year longevity for solar panels, your return investment is a clear-cut payoff. 

Estimating Fluctuating Prices and Calculating Your Savings

The extreme climate of the low desert results in high energy costs to keep your home comfortable. The good news: the persistent desert sun also provides a prime environment for stable solar energy use, and minimal external cost fluctuation causes. 

It is important, however, to keep potential issues in mind that could shift your annual energy savings. These can range from external to environmental factors, such as: 

  • Projections of climate change effects 
  • Fluctuations in utility costs state-wide
  • Longevity of the solar panels you select
  • The number of solar panels you install and total cost of installation
  • Your personal use of energy and original utility bill costs
  • Whether you purchase your solar energy system outright, or if you choose to lease or finance 
  • Your home’s overall value and subsequent increase of value with solar power installation

In addition to outright utility bill savings, you can also expect hidden savings in solar panel installation in Coachella Valley. With solar energy, you are also protecting yourself against electricity rate hikes, increasing your home’s value, and collecting federal tax credits. The total amount in the investment return of going solar can actually be much higher than a simply eliminating your utility bill. 

Saving Money with Renova Energy 

At Renova Energy, we exclusively install SunPower panels. SunPower comprises several lines of solar panels, including its newest A-Series, touted as the highest-wattage home solar panels on the market. This means more power, and less panels on your roof. 

With a wide range of options for solar panels in Coachella Valley, we want you to select a solar energy system that is right for your home by clipping costs from your energy bill and saving you money annually. In the end, it is clear that switching to solar pays for itself, and more.

Ready to save with solar installation in Palm Desert? Call our solar team at Renova Energy today to request an appointment.

 

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