How to Save on Your Monthly Electric Bill By Installing a Grid-Tied Solar System

How to Save on Your Monthly Electric Bill By Installing a Grid-Tied Solar System

Installing a grid-tied solar system can significantly reduce your monthly electric bill. Here is a comprehensive guide on how to save money by going solar.

What is a Grid-Tied Solar System?

A grid-tied solar system, also known as net metering, allows you to generate your own electricity from solar panels and send any excess power back to the grid. The key components are:

This setup allows you to offset your electricity purchases from the utility company. When your system produces more than you use, the excess power goes back into the grid for credit. Your meter spins backwards during those times.

How Much Can You Save by Going Solar?

Savings depend on several factors:

Under the right conditions, you can zero out your electric bill or even produce a net profit each month.

How Does Billing Work with a Grid-Tied System?

Grid-tied solar uses net metering for billing:

What Size Solar System Do You Need?

Your solar panel system size should be based on your home's electricity usage, also called your load profile. Follow these steps:

Oversizing your system won't provide additional savings, so use your actual usage and needs to right-size it.

Should You Buy or Lease Your Solar Panels?

You have two options for going solar - buying or leasing:

5 Tips for Maximizing Savings with Solar

Follow these tips to maximize your energy bill savings with solar:

With the right solar design and some power optimizing habits, you can drastically shrink your electric bill. Go solar and start saving!