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Some solar powered systems are grid-tied meaning that any power generated in excess of your purchases will flow to the utility company. The utility will not pay for the excess electric power produced but will offset your monthly electric bill at zero.

For solar powered systems interconnected with the utility there are offsets in electrical billing generated by what is known as 'net metering'. The utility provider may allow your solar power system to be connected to its power grid.

With the modern solar energy systems, there really are no reasons for you not to use solar power to offset the costs for your home or business.

Homeowners who rely solely on solar power for electricity production, where there are no connections to any power companies, will experience significant monetary savings in the long term.

The initial cash expense of solar power panels will be offset through savings in electricity bills in the long run. Homeowners who are entirely on a separate solar power system, independent of the electric utility company have one less bill to pay.

Solar power can be collected during the peak hours of sunshine, and stored in batteries for future use. When a power outage or blackout occurs, your stored energy can be tapped into thereby reducing any disruptions in power for your home or business.

In addition, solar energy can be stored in large batteries to be used to power your electric vehicle (EV) or plug-in hybrid electric vehicle (PHEV), resulting in a dramatic reduction to your carbon footprint .