Should I Go With Solar Panels

Deciding whether you ll add solar panels at home is like pondering about your very first home purchase.

Should i go with solar panels.

So instead of asking should i get solar panels ask are solar panels going to give me the highest rate of return for my cash. Solar panel systems are made of durable tempered glass and require little to no maintenance for the 25 to 35 years that they will generate power. For example if you can pay off an extortionate 15 interest credit card debt or go solar with an 8 say annual roi you re going to get more from your cash by paying off the debt. For those asking themselves should i go solar the cost of solar installation continues to fall.

A typical 7 2 kw system would require 20 solar panels if 360 watt solar panels were used. In most cases you don t even need to clean your solar panels regularly. It requires careful thought and consideration but the benefits you ll reap are undeniable. There are a lot of cowboys in the solar industry and many salespeople may try to convince you to buy solar when it isn t in your best.

According to the solar energy industries association seia installing a residential solar energy system costs 70 less than it did in 2010 which is great news for today s solar shoppers. How are you financing your solar panel system. 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. Should i buy solar power.

In general a purchased solar system can be installed at a lower total cost than system installed using a solar loan lease or power purchase agreement ppa. The standard five kilowatt system costs an average of about 16 000 11 000 after the federal tax credit. Go solar today and see how it can transform your life for the better. Here are 10 reasons why you shouldn t install solar panels.

Solar panels aren t an expense they re one of the best ways to invest with returns rivaling those of more traditional investments like stocks and bonds. Should you buy your solar panels. If something does happen most equipment manufacturers include warranties although warranty terms depend on the company. If you prefer to buy your solar energy system solar loans can lower the up front costs of the system.

Thanks to substantial electricity bill savings the average american homeowner pays off their solar panel system in seven to eight years and sees an roi of 20 percent or more. Consumers have different financial options to select from when deciding to go solar. Each individual solar panel used for a residential solar panel installation in 2020 is likely to be rated between 300 watts and 360 watts. If you can afford it buying your solar panels.

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