Understanding Your Solar Power Bills Wells Solar This article was written to help you better understand your new utility bills with solar. below, we’re going to take a look at 3 different scenarios: scenario 1: paid cash for solar, new lower bill. scenario 2: financed solar, new lower bill solar finance bill. scenario 3: solar power purchase agreement (ppa). That’s the value of your solar exports. to calculate your monthly bill, subtract the value of your exports from the cost of the imports, as shown below: $22 for grid imports – $82 for solar exports = $60 electricity bill. so instead of a $44 electric bill before solar panels, you now have a $60 bill with solar panels — a $104 swing.
Understanding Your Solar Power Bills Wells Solar Most solar systems are connected to the electric grid, which means that they still rely on the public utility for power when the weather is cloudy. your electric company will then send you a bill for the net amount of power that you used. in some cases, this can result in a monthly savings of 50% or more. According to eversource, “this amount is calculated by multiplying your net usage by the net metering credit value. you won’t see this line in months where your system produces less energy than you use.”. note: if you live in an area with a different utility your bill may look considerably different, but most of the same concepts outlined. The changes in electric bill before and after solar panels also varies from state to state. in the united states, states with an average monthly usage below 965 kwh can rely on a 7.15 kwh solar array to fully meet their electricity needs. the potential monthly savings would match the average electricity bill in these states. While $150 a month may not sound like much, it adds up quickly over the course of the year and over the lifetime of a solar panel system: without solar, we would have spent $58,000 over 25 years on electricity and $73,000 over the next 30 years, assuming a $150 monthly bill, with a 2% annual increase in electricity rates. current monthly bill.
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