One of the biggest reasons for going solar is eliminating or significantly reducing your electric bill.
As a homeowner, the cost of electricity can make up a large portion of your overall budget. An average monthly electric bill of $100 becomes $1200 for the year and $24,000 in 20 years.
On top of that, after factoring in electric rate increases, which have grown between 3% and 7% per year over the past two decades, the cost of electricity becomes even more expensive over time.
Installing a solar panel system on your home reduces your electric bill so dramatically that electricity costs are no longer a significant factor in your budget.