Is a home solar energy system a good option?

A home solar energy system is one of the most popular and efficient alternatives to traditional power sources. Solar panels have many environmental benefits and can save homeowners money over the long term. While costs have decreased over the past years, installing and maintaining solar panels can still be expensive.

Are solar panels worth it?

Solar panels are worth it if you already own your property, are dealing with high energy bills and can get solar panels installed that don’t come with a huge price tag. It’s even more worth it when you can take advantage of tax credits, incentives and rebates.

Are solar panels a good investment?

According to the Consumer Price Index, electricity prices were up 2.8% for the 12-month period ending in March 2025. Depending on its size and your energy needs, a solar panel system can reduce or eliminate your electric bill. Residential solar panels allow you to pull less energy from the grid.

Are solar panels a good choice for your home?

There are different sizes of storage solutions based on the square footage of your home and how much energy you use—something a retailer will analyze and determine when you purchase a system of panels. Solar panels' biggest downside is an unfortunate lack of curb appeal.

How much do solar panels cost?

The price of solar panels changes depending on where you live, but the average for installation is just under $29,000 or $2.75 per watt. On the high end, we talked to a solar customer in Hawaii who spent $100,000 going solar. Dion in Nevada said their 10-kW system cost about $20,000, which is about the national average price for a 7-kW system.

Will installing solar panels save you money on your energy bill?

Ultimately, the amount you could save on your energy bill after installing solar panels depends on the following: