As the price of electricity continues to rise, homeowners are looking for ways to cut energy costs without sacrificing comfort or convenience. And many cost-conscience homeowners are considering solar panels, which convert the sun’s energy into clean electricity.

Solar-powered systems have come a long way in the past decade or so. They’re much more powerful and sensitive, so they’ll work in virtually any region—not just the Sunbelt. The widespread availability and popularity of solar panels has also driven the price down, and when state and federal rebates are applied, the systems start entering the realm of affordability.

But, how do you know if solar panels are right for your home? And what about those sales pitches that offer free solar systems?

There’s a lot to consider before making a decision. So, here’s some detailed information, including a list of the main benefits and drawbacks to solar panels. Hopefully this will help you make the smartest decision for your home and family.

Why Go Solar?

First off, it’s worth examining what the benefits are when opting for solar power. Here are the four main reasons to consider a solar-powered system for your home:

Reduce energy costs—Not surprisingly the number one reason why most people install photovoltaic (PV) solar panels is to slash their electric bill. And depending on where you live and the size of your home, these savings can be significant. In some cases, homeowners have saved several hundreds dollars per month on their electric bill.

Read more: Is Going Solar Right for You?