Why is everyone getting solar panels? Do you all have $500 electric bills? I see these ridiculous prices and I would be dead before I could ever gain any thing from this. My electric bill probably avg. $80 to $100 a month over the year. I would not be paying 20 to 40k for solar panels.
So, at least here in Colorado on a net-metering program, the energy you produce during the day you either sell or buy from the electric company at a 1:1 ratio.
During the day you end up, on average, over producing and in the evenings when solar isn't producing, you buy back. As long as it all averages out, at the end of the year if your panels installed matches your average household usage then you end up with a minimal or close to $0 energy bill (there's still a monthly connection fee).
So I'm effectively trading in my $100-200 monthly electric utility bill for a $138 monthly payment on solar panels with the added benefit that if the grid goes down I at least can expect to have my house working during the day, and I know I'm doing my part to cut our house's dependency on coal and natural gas usage. Not only that but in a year or two I can add in battery backup, and a few extra panels when we buy an EV.
Honestly, if you asked me to pay 50% more every month on electric bills just for 100% grid supplied energy from renewables, I'd probably do that. But now they're on my house, and that makes me feel better PLUS I get some benefit from having my own local grid to rely on.