Adoption of solar energy is growing rapidly across the United States and, at Solar America Solutions, we are delighted to be a part of the renewable energy industry and the fight against greenhouse gases. We are also immensely proud of our SunQuest 250 evacuated tube solar thermal collector panel – the most efficient product of its kind, and one being utilized by a growing number of commercial and residential properties.
One of the common questions asked by potential customers is a justifiably upfront one: “How much money can solar panels save me?” Unfortunately, as much as we’d like to give a straight up answer, it is impossible for anybody to calculate exactly how much money can be saved by using solar thermal collectors.
The amount of money saved will vary based on a number of factors, including how much energy your property consumes, the position of your property in relation to the sun, fluctuating energy prices from utility companies and, of course, the weather! Over the long term, whether you decide to lease or purchase your solar panels outright will also affect savings.
So, while it’s hard for us to give an exact answer, we can provide you with an estimate of how much money can be saved by installing SunQuest 250 panels at your home or business.
Energy Bill Reductions
SunQuest 250 solar thermal collector panels will help make significant savings on your energy bills – that, we can guarantee!
Many businesses owners have reported savings of between 50 and 90 per cent on energy bills after installing our solar panels on their property.
Using the figure of 50 per cent, we can estimate that, if your business spends a $1,000 per month on thermal energy (gas, oil, etc.), solar panels will reduce your utility bills by $500 per month. Over a year, that will equate to savings of $6,000! Savings for homeowners are equally as impressive. Say you spend $300 per month on energy at home; savings of 50 per cent due to solar panel installation will amount to $1,800 a year. And that’s only using the conservative figure of 50 per cent!
Solar Renewable Energy Credits
Solar Renewable Energy Credits (SRECs) are offered by several states, with more to follow, and are a form of “green tag” that requires utility companies to secure a portion of their electricity from solar generators. BTU savings can be calculated in KWH and are just as viable for SRECs as are electricity generating solar panels. SRECs are tradable commodities and can earn you money for the energy that you save.
Aside from the monthly and yearly savings, installing SunQuest 250 evacuated tube collectors at your home or business can add considerable value to your property. Studies show that installing solar panels on a home instantly adds between $18,000 and $23,000 in value, meaning that, as well as saving money, you can earn a profit from solar energy. Imagine what the added value would be for your business! Solar panels also make your home or business much more desirable to potential buyers, so securing a deal will not prove a problem!
To talk about how much you can expect to save by installing SunQuest 250 evacuated tube solar thermal collector panel system at your property, contact Solar America Solutions today.