Is Solar Power Worth It Reddit

Without huge government rebate its not worth it yet.

Is solar power worth it reddit.

If my payoff were more like 7 years i would consider it. Solar energy is a lot cheaper than any other form of electricity as it s just a one time installation unlike other non renewable forms which cost a lot. Solar technology is perhaps the greatest development of the modern age. 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.

But you eco friendly and if can afford adding a bit extra its worth having them. Solar is a huge profit industry right now meaning it doesn t cost that much to set up but they charge you a lot for it. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more. You ll typically save more money on improving your home s efficiency and insulation.

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. Hopefully you can make the best educated decision for your case. Additionally you ll use less energy because you ll use less energy in the summer. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

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. 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. In addition it has brought me to research installing my own panels which isn t as difficult as you might think with all of the resources out there. View entire discussion 2 comments 2 1k.

While solar leases and power purchase. I say don t invest. With the 26 federal tax credit reducing at the end of 2020 millions of american homeowners are asking themselves whether or not installing solar panels is worth it this year. Improvements to designs and cost reductions are happening rapidly.

I think it s too new and too costly to know what the long term advancements will do to the market. How are you financing your solar panel system. Right now it s only worth it if you re in a location that has extremely high electricity costs. With 50 government scheme is doable to save.

115 points 5 years ago solar panels do two things that are not commonly mentioned. Solar energy is pollution free as it involves no burning which leads to no greenhouse gases to be released into the environment.