Is Solar Panels Worth It Reddit

The government is effectively contributing nearly 1 3 of the price of your going solar.

Is solar panels worth it reddit.

I lived in socal and had solar panels installed. Improvements to designs and cost reductions are happening rapidly. 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.

But higher quality means higher price. While solar leases and power purchase. So i just got approved for an 8 600 kwh year system. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more.

But you eco friendly and if can afford adding a bit extra its worth having them. Logically speaking solar panels provide ease in almost every way but are they worth the cost. The answer is yes and no. 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.

High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now. 10 year loan 30 371 00 with a 6 49 interest rate 42 054 12 with. However what makes solar panels worth it are the robust federal and state incentives. If you can find a house that s on net metering 1 it s absolutely worth it.

With 50 government scheme is doable to save. Why are solar panels not worth it. Without huge government rebate its not worth it yet. If we say yes then that s all because of the fact and advantages mentioned above.

Solar panels are something with the advancements by the day with a lot of uses. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. If most of your power is under tier 2 or 3 it s worth it on regardless of what metering schedule you re on. 64 votes 67 comments.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. 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. How are you financing your solar panel system. 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.