Put simply, your savings with a solar panel system are equal to what you would have paid for utility electricity minus the amount you paid for the installation and maintenance of the system.

Solar panels pay for themselves over time by saving you money on electricity bills, and in some cases, earning you money through ongoing incentive payments. Solar panel payback time can range between 5 and 15 years in the United States, depending on where you live.

On a levelized basis—the all-in cost for an energy source—utility-level solar now costs between $29 and $96 per megawatt-hour (MWh), compared to $39–101 per MWh for natural gas. PV panel manufacturing costs have fallen from $5 per watt in 2000 to less than $0.25 in 2023.

All Energy Solar is a reputable solar provider servicing the Midwest and Northeast.