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Solar savings are calculated using roof size and shape, shaded roof areas, local weather, local electricity prices, solar costs, and estimated incentives over time. Solar panels cost money upfront but will provide significant savings on energy bills over time.
The average home can save between $20,000 and $97,000 over the lifetime of your solar panel system, depending on the cost of electricity in your area. Over time the 25-plus year life of a solar system often adds up to tens or hundreds of thousands of dollars in energy cost savings.
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Learn about your options!
There are various incentives available to make going solar more affordable. The most important incentive is the federal solar tax credit, which allows taxpayers to claim 30% of the installation cost on their federal income taxes. Other incentives may depend on the state, utility, or other factors, and may include rebates, property tax abatements, or performance-based payments.
