Are Solar Panels Worth It Reddit

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

Are solar panels worth it reddit.

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. Improvements to designs and cost reductions are happening rapidly. So i just got approved for an 8 600 kwh year system. Why are solar panels not worth it.

Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation. The answer is yes and no. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more. If most of your power is under tier 2 or 3 it s worth it on regardless of what metering schedule you re on.

High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now. 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. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. 10 year loan 30 371 00 with a 6 49 interest rate 42 054 12 with.

So i ve been looking into getting solar panels. Solar panels are something with the advancements by the day with a lot of uses. If we say yes then that s all because of the fact and advantages mentioned above. If you can find a house that s on net metering 1 it s absolutely worth it.

While solar leases and power purchase. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Solar technology is perhaps the greatest development of the modern age. However what makes solar panels worth it are the robust federal and state incentives.

Solar panels do two things that are not commonly mentioned. How are you financing your solar panel system. Logically speaking solar panels provide ease in almost every way but are they worth the cost. 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.

65 votes 67 comments. Aside from the usual benefits you will add value to your home i ve heard 10 20k is the median but it depends on your neighborhood state etc. But higher quality means higher price. I lived in socal and had solar panels installed.

Here s my 2 cents.