There are two core benefits.
Solar panel back.
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Store energy locally so you can control how it feeds into the grid.
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The solar panel payback period is a calculation that estimates how long it will take for you to break even on your solar energy investment.
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Provide backup power during grid outages.
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In a standard grid tied system the energy generated by your solar panels feeds into the grid.
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Increased utility electricity rates and lower equipment costs are making it easier and less expensive to for homeowners to own rather than lease their solar panel systems.