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.

64 votes 67 comments. Improvements to designs and cost reductions are happening rapidly. But you eco friendly and if can afford adding a bit extra its worth having them. Solar technology is perhaps the greatest development of the modern age.

Here s my 2 cents. 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. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

But higher quality means higher price. Why are solar panels not worth it. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Without huge government rebate its not worth it yet.

With 50 government scheme is doable to save. Logically speaking solar panels provide ease in almost every way but are they worth the cost. If we say yes then that s all because of the fact and advantages mentioned above. How are you financing your solar panel system.

Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation. 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. High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more.

Solar panels are something with the advancements by the day with a lot of uses. 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 most of your power is under tier 2 or 3 it s worth it on regardless of what metering schedule you re on. 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.

If you can find a house that s on net metering 1 it s absolutely worth it. So i just got approved for an 8 600 kwh year system. The answer is yes and no. 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.