Are Solar Panel Worth Getting

Previously solar choice has estimated that residential solar battery prices would need to fall to 200 300 per kwh of battery capacity installed to provide an attractive return while the current market price is closer to 1 000 per kwh.

Are solar panel worth getting.

By getting a solar system we don t necessarily need to recoup all the money we ve spent on it to make it worth it for us. If you first need a solar panel system installed then that can cost anywhere from 2 000 to 12 000 depending on system size. If you want to know more about installing solar panels here s our guide. That s a reflection of the fact the price of the actual panels has gone down and the capacity of the solar panels has gone up.

What i mean is that if we spend 6 000 for solar panels and inverter but if it only saves us 2000 over the system s lifetime then that would be pretty silly. Ok so is getting solar still worth it. Most households with storage units will opt for a 4kwh solar system which will cost around 6 000 to 8 000. However being close to that would be nice.

Then they can benefit from free energy on the roof and an income stream from energy sold back to the grid offering overall a great return on investment. According to chris barnes from consumer group choice the answer is pretty clear. Most property owners can break even on their solar investment in 7 to 8 years. In the final analysis solar panels are not worth your money no doubt they re eco friendly but they can only be affordable by the upper class people who earn well.

Start comparing solar quotes on the energysage marketplace to see how much you can save. Vanessa de groot feb 24 2017 it s almost an australian rite of passage to spend your summers sweltering away sitting by the door and under the fan in the hope of capturing any breeze to avoid a big electricity bill. Separately zillow released a study in 2019 which concluded that solar panels on average added 4 1 to the value of a home effectively making installing solar panels a worthwhile investment even if you plan on selling your home in the future. Solar is worth it financially as you can see for most australians they can install solar and have the system pay for itself within 6 years.

The numbers don t lie. While some people still question if investing in a residential solar set up is worth it experts in the field say it s absolutely worth getting solar panels for your home. Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you.