[Post 1570] This Filipino Family Cut Their Power Bill By 90%: The Hidden Costs Of Going Solar | Money Mind

Summary

This Philippine family cut its monthly electricity bill by around 90% after installing rooftop solar - but the system cost more than half a million pesos. Going solar brought lower power bills and backup electricity, but also unexpected costs involving batteries, upgrades, EV charging and net metering. We break down the hidden costs of home solar, how electricity usage affects your savings, and what homeowners should consider before installing solar panels. Can solar really pay for itself - and is getting your electricity bill as close to zero as possible actually worth the extra investment?