Whole house surge protector installed by the local power company BREMC is $175 + $10 per month.
That’s expensive. Usually they don’t charge the install fee. Figure an electrician can install one in your panel for around $350 including parts, and no monthly fee.
Two different things. What the utility is installing is a Type 1 SPD, which is installed in the meter panel housing. Not all utilities offer this protection (mine doesn’t) and most utilities won't allow your electrician to install the equipment in its meter housing.