Are Solar Panels Worth It Reddit

The answer is yes and no.

Are solar panels worth it reddit. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more. If most of your power is under tier 2 or 3 it s worth it on regardless of what metering schedule you re on. Why are solar panels not worth it. However what makes solar panels worth it are the robust federal and state incentives.

How are you financing your solar panel system. 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 government is effectively contributing nearly 1 3 of the price of your going solar. Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation.

The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. 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. If you can find a house that s on net metering 1 it s absolutely worth it.

Here s my 2 cents. Solar panels do two things that are not commonly mentioned. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Solar technology is perhaps the greatest development of the modern age.

The anecdotal evidence that i ve found just asking around is that they are pricey but more than worth it. Improvements to designs and cost reductions are happening rapidly. But higher quality means higher price. 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. 65 votes 67 comments. Solar panels are something with the advancements by the day with a lot of uses. Additionally you ll use less energy because you ll use less energy in the summer.

So i just got approved for an 8 600 kwh year system. 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. Logically speaking solar panels provide ease in almost every way but are they worth the cost. While solar leases and power purchase.

If we say yes then that s all because of the fact and advantages mentioned above.