Is Solar Panels Worth It Reddit

If you can find a house that s on net metering 1 it s absolutely worth it.

Is solar panels worth it reddit.

10 year loan 30 371 00 with a 6 49 interest rate 42 054 12 with. Solar panels are something with the advancements by the day with a lot of uses. The government is effectively contributing nearly 1 3 of the price of your going solar. Here s my 2 cents.

Logically speaking solar panels provide ease in almost every way but are they worth the cost. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. So i just got approved for an 8 600 kwh year system. The answer is yes and no.

However what makes solar panels worth it are the robust federal and state incentives. With 50 government scheme is doable to save. 64 votes 67 comments. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands.

If we say yes then that s all because of the fact and advantages mentioned above. I lived in socal and had solar panels installed. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more. Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation.

Improvements to designs and cost reductions are happening rapidly. Why are solar panels not worth it. Without huge government rebate its not worth it yet. High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now.

Chris zuppa the penny hoarder you might think that owning a solar system would ensure 24 7 access to electric power even when the grid goes down from hurricanes or other disasters or accidents. But higher quality means higher price. While solar leases and power purchase. From year to year efficiency of them increasing a lot considering life span and degradation of power generated by solar after 5 years you not saving in total.

The usual way that solar panels work out financially is if you are in a very sunny climate and or have some really good tax breaks from the state or your local electrical provider. Have had solar panels for a few years now it s pretty good pay less for power though depending on what time of year it might generate more or less power and if it puts power onto the power grid you will provide green energy for your town and depending on your electric company you may even get paid for the power you generate. Solar technology is perhaps the greatest development of the modern age. But you eco friendly and if can afford adding a bit extra its worth having them.