Are Solar Panels Worth It Reddit

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

Are solar panels worth it reddit.

How are you financing your solar panel system. So i just got approved for an 8 600 kwh year system. 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.

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. 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. 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.

The anecdotal evidence that i ve found just asking around is that they are pricey but more than worth it. Solar panels are something with the advancements by the day with a lot of uses. High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now. Why are solar panels not worth it.

Solar technology is perhaps the greatest development of the modern age. I lived in socal and had solar panels installed. However what makes solar panels worth it are the robust federal and state incentives. But higher quality means higher price.

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. The answer is yes and no. 10 year loan 30 371 00 with a 6 49 interest rate 42 054 12 with. 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 we say yes then that s all because of the fact and advantages mentioned above. Logically speaking solar panels provide ease in almost every way but are they worth the cost. The government is effectively contributing nearly 1 3 of the price of your going solar. While solar leases and power purchase.

Here s my 2 cents. Solar panels do two things that are not commonly mentioned. So i ve been looking into getting solar panels. 65 votes 67 comments.

Additionally you ll use less energy because you ll use less energy in the summer.