It’s tough to beat the cost savings of your personal solar energy system. Think about how much you pay per month for electricity. Now, look at the average price for solar panel installations. If you’re comparing side-by-side, it’s easy to see that electricity costs are much cheaper.
But if you plan on paying for electricity for an extended period, solar panels win out, as studies show the price of electricity is rising. If you’re looking directly at Utah, you can see that between 2000 and 2017, the cost of electricity almost doubled for residents. By contrast, solar panel costs have remained relatively consistent.