Are Solar Panels Worth The Investment 2013

As a bonus the return on investment is roughly around 4 per watt meaning that if you only paid 3 per watt there s the potential to make money on your solar investment.

Are solar panels worth the investment 2013.

In fact according to the us department of energy solar properties generally sell faster than non solar properties. Most property owners can break even on their solar investment in 7 to 8 years. In today s market solar panels are quickly becoming a great investment for the average person. Just like any investment consumers want to know how much they ll save after installing solar.

Solar panels will add value to your home too. That s 35 900 over the next 20 years. Solar panels are a fairly hefty investment and might not be suited to those planning to move in the next few years certainly you shouldn t expect a big upfront investment to be immediately reflected by a jump in your home s value. It may take you many many years to get your full investment back.

Start comparing solar quotes on the energysage marketplace to see how much you can save. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. Generally solar panels create enough energy to power your whole house. Think about how visible the panels are and ask local estate agents for their experiences before installation.

Here s our best estimate. If you buy a system and are currently paying around 100 per month for electricity you can save almost 1 800 per year by installing a rooftop solar system. One question that is commonly asked is are solar panels worth the investment now that the rebates have been taken away. Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you.

Cleaning solar panels often not worth the cost engineers find. The new unsubsidised a slight misnomer as some federal incentives are still in place 100mw of capacity is evidence that solar panels are still worth the investment. Amping up solar in the snowy north 2013 october 23. The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels.

You could save 35 000 over 20 years. In the past solar energy simply wasn t practical for the majority of consumers as it was too expensive. The easiest way to answer the question are solar panels worth it is to use our solar calculator to get an accurate cost and savings estimate tailored to your home and energy usage. It s a hard question to answer because it depends on your electricity usage and what you want to achieve with your solar system in place.

The value of your home will also increase.