Will a solar electric system produce enough energy to cover all my electricity needs?

One question I get all the time from people who are thinking about solar electric system is, "Will a solar electric system produce enough energy to cover all my electricity needs"?

It is important to understand that a "solar electric system" does not need to provide all of the electricity you need to be of great value. A small system that displaces an average of one-quarter to one-half of your average demand reduces your electric bill. With battery backup, it can deliver uninterrupted power to critical loads during utility outages for days or weeks.

The most cost effective approach for home solar power is grid-connected. In this system, you not only fulfill 100% of your energy needs but also cut down your electric expenses by 40 to 50%.

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1. Is installing solar panels for my house for electricity a good idea?

2. How many solar panels do I need to produce enough electricity to run my house?

3. What do the terms on-grid, grid-connected, grid-tied and off-grid mean?

4. How much does solar energy cost?

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Thank you.