Home solar panels offer significant long-term savings by drastically reducing your monthly energy bills. As soon as your home solar panel system is installed and activated, you’ll start producing your own electricity, which means you’ll be purchasing less power from your utility company—or none at all in some cases. In fact, excess solar energy is sent back to the grid and in return, you receive a credit on your hydro bill. Over time, these savings can offset the initial investment in solar, leading to substantial financial benefits.