Average Monthly Payment On Solar Panels

Energy information administration in october 2018 the average monthly electric bill varied nationwide from a low of 81 65 in utah to 149 33 in hawaii.

Average monthly payment on solar panels. On average a 5 kw solar panel installation will produce about 8 000 kilowatt hours a year. The average cost of leasing solar panels runs anywhere from 50 250 per month. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. An average residential solar system costs between 15 000 25 000 after solar rebates and solar incentives.

This clean sustainable energy is sufficient to cover the annual energy requirements of many households. That amount is then divided into consistent monthly payments for the term of your lease. Payment amount 159 10 the payment on this solar loan 159 is about the same as what many people already pay for electricity every month. According to data released by the u s.

Considering that you will probably spend over 72 000 in electrical bills over the next 25 years this can be a small price to pay. If you re more inclined to play the odds. A solar panel system that costs 15 000 can offset about 90 of electricity usage for millions of american homeowners.