Does Solar Energy Save Money?

While there are many benefits of solar energy, ads and marketing representatives claiming you can save thousands of dollars a year on your electric bill are more hype than fact especially if your home is dual fuel (gas, electric). Solar does not save on gas energy costs. Saving hundreds of dollars on your monthly electric bill can be reduced to less than $50 a month.

This video shares basic information about solar panels and potential cost savings of leased and owned systems.

In this video:

• Common sources of residential energy. 00:54
• What is solar energy? 1:40
• Solar cell materials. 4:11
• Solar energy is not “free.” 6:16
• On-grid versus off-grid solar systems. 6:57
• Will solar energy save you money? 7:52
• Buy or lease? 11:09
• Solar versus increased energy efficiency. 12:24