Is Putting Solar Panels Worth The Investment

While it is up to each of us to decide the best way to spend our hard earned money residential solar panels compare very favourably to other traditional forms of investment.

Is putting solar panels worth the investment.

Most property owners can break even on their solar investment in 7 to 8 years. Generally solar panels create enough energy to power your whole house. In this article we look at each province and territory to examine if solar panels make sense in your area. Though a solar panel system is a substantial investment up front over time it can more than pay for itself.

Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation. If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale. Ironically the investment opportunity wasn t in investing in the manufacturers of solar panels. Overseas manufacturers such as china were dumping massive amounts of solar pv onto the market.

Contact any solar panel company and they will tell you the cost per watt. Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you. Start comparing solar quotes on the energysage marketplace to see how much you can save. Panels that are owned add some value to the resale.

Are residential solar panels worth it for my house. But it s not a straight calculation. Solar energy is something we have looked at many times ourselves. 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.

This caused panel prices to plummet comparatively so while solar panels were worth it for the consumer the manufacturers struggled to make a profit. The question of solar power panels is one that comes up increasingly and that will only increase as the logic of a cheaper power bill for tenants or in some cases the potential for a 0 bill is a common sense winner.