Are Pv Panels Worth The Investment

Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you.

Are pv panels worth the investment.

Let s explore why that is why solar panels are always a good investment. Solar panels are often marketed as a way for you to make money as well as to save on your electricity bills and reduce your carbon footprint. However for an increasing number of residential customers home solar battery storage systems are a worthwhile investment delivering higher savings shorter payback periods and. A typical install will currently cost you around 5 8 000 down from 8 12 500 a few years back.

Adding home solar batteries is strictly optional and it s certainly possible to save money relying exclusively on pv panels and incentives like net energy metering. Start comparing solar quotes on the energysage marketplace to see how much you can save. Are solar panels worth the investment the only other significant expense in a household other than food and rent is the power bills. So even with declining government feed in rates the actual return on investment is pretty good thanks to an ample supply of panels thus reducing increasing competition and lowering prices.

The main reason homeowners go solar is to reduce the amount of money they pay to their local utility companies. Most property owners can break even on their solar investment in 7 to 8 years. Until one becomes a tenant or a homeowner they can t understand how quickly the electric rates are skyrocket.