Solar panels are prone to fluctuations because their workability depends on:
Amount of direct sunlight received The size of the solar panels The angle at which the panels were installed The rate of electricity in your locality
These factors will determine the effectiveness of the solar panel's cost savings. As mentioned earlier, your energy bill can reflect a lot of information related to solar energy.
On average, an American household will spend $1,500 every year on standard electricity costs. Even though installing a solar panel will cost thrice of that amount, the long-term cost will be less. Moreover, solar energy can feed all your requirements and have 100% effectiveness.
It translates to a potential savings of $100 per month. Consequently, if your energy bill is close to that average cost, the solar panels will bring in ROI in less than ten years.
Even with the fluctuations in utility rates, solar power generation will not be affected.
You will have access to singular electricity from solar panels without contributing to fossil fuel consumption. In addition, if you maintain your solar panels, they can last for up to 25 years, bringing in ROI tenfold!
You get free energy for 15 years without impacting the environment or paying for it every month.