Are Electric Solar Panels Worth It

The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels.

Are electric solar panels worth it.

Top takeaways factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you most property owners can break even on their solar investment in 7 to 8 years start comparing solar quotes on the energysage marketplace to see how much you can save. If you have solar panels on your roof the electrons they produce flow across the electric grid like water following a path of least resistance. Residential solar panels can reduce your monthly energy costs but there s more to it than that. In all seven states average electricity prices are more than 30 higher than the national average and average solar installation prices for a six kilowatt system are between 12 000 and 13 000 after the federal tax credit.

To a buck or two for each hour s worth of. An important part of any solar system is a box called an inverter which often is installed in the garage and converts electricity produced by the panels dc into the kind that s required to operate home appliances ac. How to know if solar is really worth it. Electric bills can be a strain on your budget especially during periods of heavy usage.

At times the panels will produce more electricity than is needed to power a home. Buying your solar electric system outright is best. The table below shows how all 48 contiguous states and the district of columbia compare in terms of solar savings. To show you the true value of solar we had our experts compile a list of the top 4 reasons why solar panels are worth it.

One couple in ohio have installed over 180 000 worth of solar panels in order to provide year round heating for their large indoor swimming pool and indoor tennis court. For the more than 55 000 they will receive in various tax breaks. As you can see there are many factors that go into determining if solar panels are worth it for your home. I m sure they are most grateful to the taxpayers of ohio and in fact the entire u s.

If you live in an area with high energy rates and a suitable solar rating and can afford the initial investment it s worth installing solar panels in your home while the 26 tax break is in place.