Perhaps the most obvious benefit of solar power is that it’s energy “free from the Sun”, meaning many families can reduce or eliminate their electricity bills, with most of the home’s power derived directly from the solar system. Given today’s prices, most homes can expect to recover the cost of a standard solar panel installation (and gain a positive return on your investment) in approximately 4 years.
The actual time to positive ROI will depend on the efficiency of your home, system size and usage. In any case, by installing a residential solar system, you can significantly reduce your ongoing power bills. What’s more, a Solar System shields you from price hikes by electricity companies. Should electricity prices become less affordable, you won’t need to worry.