Some facts about solar
The cost of our solar system was about $90,000. They take the tax credit, and knock it down to about 60k
Financed at 3% interest for 25 years. The monthly payment is $301
The solar system sells back electricity to the electric company. This brings our Bill down from about $475-$500 to the minimum hook up fee which is $45 per month. Combined with solar system payment it is under $350
Our monthly savings is a little over $100 per month today.
Entire system is fully warrantied to perform as intended and also against any damage or breakdowns for the entire 25 years.
So we have basically “fixed“ our electric cost per month for the next 25 years. That means every time the power bill goes up, our cost stays essentially the same for the next 2 1/2 decades. Within five years our monthly savings will probably exceed $200 per month.
Although we are paying for our system, it is still essentially no money out of pocket.
Caveat is, you need to live in an area where the utility provider does net metering. This means they are dealing with the same price they sell it to you. If you live in one of those areas, it is likely Solar would be of great benefit to you. If not, that changes things dramatically.