Your Eagle Mountain solar panels might feel more expensive than keeping your electric bill, but that is statistically incorrect. In fact, you’ll pay much less for a solar system than you would pay in electricity costs over the 25-year warranty period on your solar panels.
If you compare them directly, a solar system costs much more than your electric bill. However, you’re more than likely planning on having electricity for an extended time. It doesn’t take long for your electricity bill to have a higher net cost than Eagle Mountain solar panels.
Studies show the cost of electricity is quickly rising. In Utah alone, the rate almost doubled from 2000 to 2017. However, the payments on your solar panels will remain steady while electricity rates will keep rising. Sooner or later, no matter how you look at it, you’ll have spent more on your electric bill than the cost of solar panels, so switch over ASAP and start saving money!