Is Solar Power Worth It Reddit

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.

Is solar power worth it reddit.

I think it s too new and too costly to know what the long term advancements will do to the market. 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. If my payoff were more like 7 years i would consider it. I say don t invest.

I wouldn t bank on this technology and pricing being relevant in 10 years let alone 18. You ll typically save more money on improving your home s efficiency and insulation. Solar technology is perhaps the greatest development of the modern age. With 50 government scheme is doable to save.

Improvements to designs and cost reductions are happening rapidly. While solar leases and power purchase. 115 points 5 years ago solar panels do two things that are not commonly mentioned. How are you financing your solar panel system.

Without huge government rebate its not worth it yet. 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 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. View entire discussion 2 comments 2 1k.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Solar energy is pollution free as it involves no burning which leads to no greenhouse gases to be released into the environment. Hopefully you can make the best educated decision for your case. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more.

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. Right now it s only worth it if you re in a location that has extremely high electricity costs. 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. The answer depends on many factors including where you live how much roof space you have if your roof is shaded how much power you use what your local utility charges you for electricity and the prices offered by.

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