Is Installing Solar Panels A Good Investment

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

Is installing solar panels a good investment.

Rebates low interest loans and grants may also be available. Regardless of individual circumstances however the savings are significant. Here s how to find out if it s a good investment for you. In many locations solar power is a.

How old is your roof. Solar is a good thing but it s complex and people really need to understand what they re getting into explore whether your state offers its own tax incentives. Solar panels have an expected life span of about 25 years. The amount of money you save by investing in solar energy varies depending on factors including where you live the incentives available from your state government and the type of system you install.

Determining whether to install a pv solar system may seem like a daunting task but it is important to remember that such a system is a long term investment. Compared to a brand new bathroom or a kitchen remodel installing solar panels on your roof is about as thrilling as insulating the attic. While solar leases and power purchase. Not to mention it is a young technology and has questionable appeal to homeowners.

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. With a continuously declining trend you can expect the initial investment to be recouped in a less amount of time.