In a sunnier location than Eugene, the sun shines for an average of 2000 hours per year. A home owner installs solar panels that generate 3.5 kW from these panels when the sun is shining. If the local electric utility charges $0.15 per kWh, how much money do the solar panels save the home owner per year? Give the answer to the nearest dollar.

In a sunnier location than Eugene, the sun shines for an average of 2000 hours per year. A home owner installs solar panels that generate 3.5 kW from these panels when the sun is shining. If the local electric utility charges $0.15 per kWh, how much money do the solar panels save the home owner per year? Give the answer to the nearest dollar.