GITNUX MARKETDATA REPORT 2024

Statistics About The Average Monthly Electric Bill With Solar Panels

With sources from: nerdwallet.com, txses.org, seia.org, energysage.com and many more

Statistic 1

The average monthly electricity bill after installing solar panels is $84 USD.

Statistic 2

Solar panels can save homeowners between $10,000 and $30,000 over the life of a 20-year agreement.

Statistic 3

Solar panel owners in Florida save on average $84 per month on their electric bills.

Statistic 4

80% of Arizona utility users could save an average of $106 per month using solar power.

Statistic 5

The average monthly electric bill drops to $20-$100 for homeowners with solar in Texas.

Statistic 6

On average, solar panels can reduce energy costs by $20 to $60 per month for a 1500 square foot house.

Statistic 7

A typical American home with solar panels consumes 10,400 kWh a year, implying monthly savings of about $85.

Statistic 8

South Carolina home solar system users enjoy average savings of $100 per month.

Statistic 9

In New Jersey, the savings avg. $94 per month using solar power in residential homes.

Statistic 10

Solar-powered homes in Colorado save about $66 on their monthly electricity bills.

Statistic 11

Nevada homeowners using solar panels save around $104 on their monthly energy bills.

Statistic 12

Consumers in New York who use solar energy save an average of $56 on their monthly utility bills.

Statistic 13

The monthly savings for Pennsylvania homeowners using solar power is about $90.

Statistic 14

In Massachusetts, solar homeowners enjoy an average of $76 monthly savings on their power bills.

Statistic 15

Solar panel users in Illinois save an average of $85 per month on their electric bills.

Statistic 16

Maryland homeowners with solar panels enjoy an average monthly savings of $94 on their energy expenses.

Statistic 17

Homeowners in Washington State save an average of $75 per month on their electric bills with solar panels.

Statistic 18

In Michigan, homeowners save an average of $60 per month on their electric bills using solar energy.

Statistic 19

The average monthly electricity bill for solar homeowners in North Carolina is $58.

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In this post, we explore the significant cost savings associated with solar panel installations across various states in the U.S. Based on a range of statistics, it is evident that homeowners can enjoy substantial reductions in their monthly electricity bills by harnessing solar power. From Florida to Washington State, solar panel users are reaping the financial benefits, with savings averaging between $20 to over $100 per month. Let’s delve into the data to understand the impact of solar energy on residential electricity expenses.

Statistic 1

"The average monthly electricity bill after installing solar panels is $84 USD."

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Statistic 2

"Solar panels can save homeowners between $10,000 and $30,000 over the life of a 20-year agreement."

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Statistic 3

"Solar panel owners in Florida save on average $84 per month on their electric bills."

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Statistic 4

"80% of Arizona utility users could save an average of $106 per month using solar power."

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Statistic 5

"The average monthly electric bill drops to $20-$100 for homeowners with solar in Texas."

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Statistic 6

"On average, solar panels can reduce energy costs by $20 to $60 per month for a 1500 square foot house."

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Statistic 7

"A typical American home with solar panels consumes 10,400 kWh a year, implying monthly savings of about $85."

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Statistic 8

"South Carolina home solar system users enjoy average savings of $100 per month."

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Statistic 9

"In New Jersey, the savings avg. $94 per month using solar power in residential homes."

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Statistic 10

"Solar-powered homes in Colorado save about $66 on their monthly electricity bills."

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Statistic 11

"Nevada homeowners using solar panels save around $104 on their monthly energy bills."

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Statistic 12

"Consumers in New York who use solar energy save an average of $56 on their monthly utility bills."

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Statistic 13

"The monthly savings for Pennsylvania homeowners using solar power is about $90."

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Statistic 14

"In Massachusetts, solar homeowners enjoy an average of $76 monthly savings on their power bills."

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Statistic 15

"Solar panel users in Illinois save an average of $85 per month on their electric bills."

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Statistic 16

"Maryland homeowners with solar panels enjoy an average monthly savings of $94 on their energy expenses."

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Statistic 17

"Homeowners in Washington State save an average of $75 per month on their electric bills with solar panels."

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Statistic 18

"In Michigan, homeowners save an average of $60 per month on their electric bills using solar energy."

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Statistic 19

"The average monthly electricity bill for solar homeowners in North Carolina is $58."

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Interpretation

Installing solar panels can lead to significant savings on monthly electricity bills for homeowners across various states. On average, homeowners can expect to save between $20 to $100 per month with solar energy, with some states like Florida, Arizona, and South Carolina experiencing even higher monthly savings. The overall potential savings over the life of a solar panel system is substantial, ranging from $10,000 to $30,000. These statistics highlight the financial benefits and cost-effectiveness of transitioning to solar power for residential properties in different regions of the United States.

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