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How Much You Can Potentially Save With Solar Panels

December 15th, 2021 | By Roger Kuznia

solar panel installation

Solar panels are a great way to potentially save money on your electric bill—something we can all get behind! At Pink Energy, we offer premium solar panels for your home designed to help you reduce your carbon footprint and potentially reduce your grid power spending. Let’s discuss how a custom solar system from Pink Energy can potentially save you money over time.  

Factors Impacting Your Potential Solar Savings

There are many factors that can impact how much you could potentially save with solar panels, including the following: 

  • The number of solar panels in your solar system
  • Your home’s current energy consumption 
  • Grid electricity rates in your area 
  • The amount of sunlight your home receives 
  • Your electric bill savings goals

Your routine and your home’s unique energy needs mean your potential savings could vary over the lifetime of your solar panel system. 

Make The Most Of Your Solar Panels

Your solar panel system is only the beginning. Once solar panels are installed on your home, there are additional options for increasing your potential savings. 

Net Metering

Net metering is the process through which you can send excess solar energy back to the grid in exchange for credit on your electric bill. Net metering is not available everywhere so make sure to check with your local Pink Energy expert about your net metering options.

Energy Costs

Utilizing solar energy doesn’t mean you are completely off the grid, but it does mean that you are less reliant on it. By potentially avoiding volatile energy rates with increased energy independence, solar panels are a great way to help stay financially stable. By owning more of your power, you won’t be as subjected to the rising rates of electricity companies. 

Tax Credits

There is currently a federal tax credit in place that allows for qualified solar customers to potentially deduct up to 30% of the cost of adding solar on their federal taxes. This credit was recently expanded and extended through 2032thanks to the recently passed Inflation Reduction Act. The credit is subject to change, so you should always consult with your personal tax advisor to see if you qualify.

Pink Energy VALUE PACK

Maximize your potential savings with our top-selling package! The package consists of our American-made solar panels, a backup battery and the SMARTPWR360°™ package.

The backup battery helps to maximize the impact of your solar system by allowing you to store extra solar energy for use at night or in case of a power outage3

The SMARTPWR360°™ package consists of several energy-saving upgrades for your home to help you potentially save even more money. This includes upgrades like a Nest thermostat, LED light bulbs, smart power strips and more!

By investing in the Pink Energy Value Pack, you are increasing the bang for your buck by adding elements that complement each other to improve your overall performance. 

Schedule A Consultation To Find Out!

Whether you want to buy your panels upfront on Day 1 or pay for them with a loan, Pink Energy has an option for you. With $0 down payment and 100% financing available through our third-party lending partners, we are committed to making solar energy affordable. Contact one of our experienced solar experts to schedule an in-home consultation today!

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