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How do solar panels pay back their cost?

Solar panels can save you money – and eventually pay for themselves. You will no longer purchase as much electricity from your utility company, and in most states, you will get credit or payment for excess energy your solar panels send to the grid. Exactly how much you’ll save depends on a number of factors, including the amount of energy your panels produce, how much of that energy you use, and how your utility company compensates you for the excess energy you send back to the grid. Policies and rates continue to evolve as state legislatures and public utility commissions discuss ways to compensate solar panel users.