Are Solar Panels Worth It Reddit

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.

Are solar panels worth it reddit. If most of your power is under tier 2 or 3 it s worth it on regardless of what metering schedule you re on. The anecdotal evidence that i ve found just asking around is that they are pricey but more than worth it. Solar panels do two things that are not commonly mentioned. So i just got approved for an 8 600 kwh year system.

I lived in socal and had solar panels installed. 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. Improvements to designs and cost reductions are happening rapidly. If you can find a house that s on net metering 1 it s absolutely worth it.

While solar leases and power purchase. 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. Why are solar panels not worth it.

However what makes solar panels worth it are the robust federal and state incentives. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Logically speaking solar panels provide ease in almost every way but are they worth the cost. 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.

So i ve been looking into getting solar panels. 10 year loan 30 371 00 with a 6 49 interest rate 42 054 12 with. The government is effectively contributing nearly 1 3 of the price of your going solar. Here s my 2 cents.

The answer is yes and no. Solar panels are something with the advancements by the day with a lot of uses. 65 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.

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. High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now. Solar technology is perhaps the greatest development of the modern age.

Discussion of solar modules solar energy solar power solar heating pv off grid systems and more.