Are Solar Panels Worth The Investment 2014

Sunday mar 23 2014 at 12 01 am mar 23 2014 at 2 02 pm.

Are solar panels worth the investment 2014.

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. Solar panels are built to last. We can reduce our electricity bill by about 120 a month by installing solar panels on our. The initial cost of the pv system is recouped over time through energy.

Generally solar panels create enough energy to power your whole house. It may take you many many years to get your full investment back. 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. One question that is commonly asked is are solar panels worth the investment now that the rebates have been taken away.

The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels. Solar reserve based in santa monica california has pioneered a technology that combines mass scale solar power generation with storage allowing energy from the sun to be time shifted and. Expect at least 20 years or so of energy efficiency and savings with your solar pv system. It s worth taking some time to review all of your equipment options and find the right combination of price and quality for your home.

Therefore after the amount spent on the installation has been paid off you will be enjoying free energy. Solar panels worth the investment for some. If you are considering switching to solar make sure you re working with a licensed contractor such as wayne s solar. For more details check out form 5695 residential.

Though a solar panel system is a substantial investment up front over time it can more than pay for itself. However if few homes have solar panels and buyers tend not to pay for the investment you might not get back the money you put into the panels. Installation prices will vary significantly depending on the solar company you choose and the equipment you install. 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.

The feed in tariff means those panels mounted on your neighbour s roof are not just eco bling they are also an investment. Depending on the cost of installing solar panels it may no longer be worth it if you re thinking of. How much does the solar panel system cost.