Generally speaking, we pay kilowatt of electricity we use to our electric company as long as there is no malfunction appearing. Various prices are depending on where you live, they can be very cheap to expensive sometimes. Adding high tax prices to this don’t help the situation either.
So, how can we reduce our electricity bill with solar energy? Adding a suitable solar panel system to your home will be the first step in the right direction for your question. By being able to rely completely on on, or at least mostly, on their own solar power system, solar users can slash their utility bills in half, and in some cases, eradicate them entirely. Once the solar panel system is installed there are no constant bills or costs that need to be covered frequently, therefore allowing solar consumers to avoid the rising costs of national electricity providers.
For one example, Australia is one of the best countries when it comes to supplying its needs from solar energy, which Australians are currently using one of the most expensive electricity grids in the world. Your solar panels generate energy, but you aren’t always using as much energy as your panels create. You could be away from home or only be using low power appliances for a few hours. When this happens, your panels will feed the excess energy back to the grid. You are paid a rate of cents per kilowatt-hour for the energy you feedback to the grid.
However, it’s useful to remind you that how much you will save from the electricity bills is still going to depend on where you live, how much energy you use and the size of your solar system. With an average one, savings of up to between $1000 – $1500 per year can be possible.