Is Solar Power Worth It Reddit

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.

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. Solar energy is pollution free as it involves no burning which leads to no greenhouse gases to be released into the environment. You ll typically save more money on improving your home s efficiency and insulation. 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.

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. Without huge government rebate its not worth it yet. While solar leases and power purchase. Solar technology is perhaps the greatest development of the modern age.

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. Discussion of solar modules solar energy solar power solar heating pv off grid systems and more. I say don t invest.

Solar is also getting cheaper overall so waiting is not such a bad thing. View entire discussion 2 comments 2 1k. I wouldn t bank on this technology and pricing being relevant in 10 years let alone 18. 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.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. 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. 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. But you eco friendly and if can afford adding a bit extra its worth having them.

Improvements to designs and cost reductions are happening rapidly. 115 points 5 years ago solar panels do two things that are not commonly mentioned. Hopefully you can make the best educated decision for your case. Right now it s only worth it if you re in a location that has extremely high electricity costs.

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. With 50 government scheme is doable to save.