Your utility rates seem to keep getting higher every year, don’t they? Yet sunlight is free and abundant. Accessing power straight from the source makes more sense than paying for it indirectly from your local power plant. Clearly, solar power is more cost-effective than standard electricity. According to the World Economic Forum (WEF), installing new solar panels is cheaper than a comparable investment in coal, natural gas or other fossil fuel options.
One way to think about it is that the sun isn’t going anywhere (for now), and so it’s what’s known as a renewable resource. It takes a lot of work to produce electricity, but when you set up your very own private power plant on the roof of your house, that is the definition of efficiency. Harnessing the power of the sun directly cuts out the middleman.