Are Solar Panels Worth It Reddit

While solar leases and power purchase.

Are solar panels worth it reddit.

The anecdotal evidence that i ve found just asking around is that they are pricey but more than worth it. The answer is yes and no. 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. Logically speaking solar panels provide ease in almost every way but are they worth the cost.

High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now. 65 votes 67 comments. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more. 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.

Solar panels are something with the advancements by the day with a lot of uses. Solar technology is perhaps the greatest development of the modern age. So i ve been looking into getting solar panels. Solar panels do two things that are not commonly mentioned.

But higher quality means higher price. 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 just got approved for an 8 600 kwh year system.

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. Why are solar panels not worth it. My relative not only doesn t pay for their electric any more but they actually get a check for approx 300 for the amount she sells to the national grid and more besides.

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

Improvements to designs and cost reductions are happening rapidly. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Additionally you ll use less energy because you ll use less energy in the summer. The government is effectively contributing nearly 1 3 of the price of your going solar.

Here s my 2 cents.