Is Solar Panels Worth It Reddit

Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation.

Is solar panels worth it reddit.

Here s my 2 cents. 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. 10 year loan 30 371 00 with a 6 49 interest rate 42 054 12 with. While solar leases and power purchase.

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. Why are solar panels not worth it. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more. 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. The answer is yes and no. High quality panels can last 30 40 years with some panels from a reputable german manufacturer coming up on 50 years now. Without huge government rebate its not worth it yet.

Have had solar panels for a few years now it s pretty good pay less for power though depending on what time of year it might generate more or less power and if it puts power onto the power grid you will provide green energy for your town and depending on your electric company you may even get paid for the power you generate. 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. Solar technology is perhaps the greatest development of the modern age.

But higher quality means higher price. If most of your power is under tier 2 or 3 it s worth it on regardless of what metering schedule you re on. But you eco friendly and if can afford adding a bit extra its worth having them. 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. Improvements to designs and cost reductions are happening rapidly. 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. With 50 government scheme is doable to save.

So i just got approved for an 8 600 kwh year system. Solar panels are something with the advancements by the day with a lot of uses. 64 votes 67 comments. If you can find a house that s on net metering 1 it s absolutely worth it.