Free Solar Panels Are They Worth It

That s a pretty good deal courtesy of uncle sam.

Free solar panels are they worth it.

If you can pay off the system with your energy savings in around ten years then it s worth getting on board. Solar panels are a big investment. Do you want to learn more about solar energy or other forms of renewable energy for your home. At the moment they re worth just under 40 per certificate typically you re looking at about 600 per kilowatt of solar system you add on.

The bottom line is there might be a free solar panel scam lurking out there but it isn t coming from any reputable solar company like ours. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. At the same time though they provide a lot of great benefits and many people find that they re well worth the high upfront costs. So it does add up.

Remember solar panels last about 30 years and have almost no maintenance except for clearing off the snow. The government is effectively contributing nearly 1 3 of the price of your going solar. However what makes solar panels worth it are the robust federal and state incentives. The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. While solar leases and power purchase. How are you financing your solar panel system. As you can see there are many factors that go into determining if solar panels are worth it for your home.

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. If your panels are angled at 35 degrees they will clear themselves of snow without you having to do anything. Plus if they ever decide to sell their home they will benefit because on average solar panels increase a home s resale value by almost 6000 per installed kilowatt. It s also worth noting solar panel installations are tailored to each home to fit the roof and positioned to maximise the level of sunlight they receive so it s likely they wouldn t perfom as well if you installed them on a different home.