Going solar is not just good for the planet, solar energy can save you money by lowering your utility bills. Solar panels last for 25 years or more, saving homeowners thousands of dollars. While oil and gas prices fluctuate, solar energy stays more stable.
Solar energy systems save money on utility bills, paying for themselves over time. The solar payback period is the time it takes to make back your initial investment — or the amount of time it pays for itself. The average payback period for most solar buyers is between four to ten years, according to our energy advisor Kavya Kosana. Multiple factors can influence the payback period of your solar system, but you can see savings.