Are Solar Panels On My House 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.

Are solar panels on my house worth it.

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. 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. Updated 2019 version available. The typical efficiency of monocrystalline panels from a tier 1 brand is usually between 19 and 22.

As you can see there are many factors that go into determining if solar panels are worth it for your home. Simple living and technology is where people nowadays are tending to. According to glink and tamkin while the investment in the solar panels might be great for you in the long term if you have to resell the home will a buyer consider the solar investment something that adds value to the home. A couple of years ago steven weissman an energy lawyer at the university of california berkeley started to shop around for solar panels for his house.

The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels. Monocrystalline solar panels are the most efficient solar panels you can install on your home. On average solar panels raise a home s value by 4 1 across the u s according to a new zillow analysis of homes across the country that s a boost of 9 274 on a 226 300 home according to the study. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system.

Https youtu be lvolyqfesl8i decided to get solar panels in july of 2011 and now with almost 7 years of data i thought i d. Chris zuppa the penny hoarder. It seemed like an environmental no brainer.