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Facts: When install solar panels, the initial cost might be high and is it provide enough power for home and make the return in lower utility bills every month? The cost can be roughly starting from $10,000 for every 1,000 kilowatts of power generated. Clearly the first advantage is no monthly bill from the electric company and the obvious disadvantage of using solar power is since your solar system fails you will be left in the dark. What’s in the solar power systems? The main thing components inside solar power generation system consists of solar panels, storage batteries, a power inverter and a charge controller to prevent damage to the batteries as well as to keep them fully charge.