I heard on HGTV that solar panels, even if you have many, can only save you 30-40% on your energy bill. True?

Question

Can't you totally stop giving the electric company money after a while of having solar panels?

Answer 1

you can, you just need enough.  My neighbor has them, and as far as I know he is totally self powered.

Answer 2

No, it depends on how many solar panels you have and how much electricity you use. It is possible to completely self sufficient on electricity from solar panels.

Answer 3

Take whatever you hear on TV with skepticism.   That's like saying even if a person has a well they need to be hooked up to city water.

Answer 4

It depends how many panels you have and how much electricity you use.  Solar panels are so expensive that they can't pay for themselves without tax subsidies.  Even then you would barely break even compared to buying power from the utility company.

Answer 5

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