Are Solar Panels Worth The Investment 2017

Generally solar panels create enough energy to power your whole house.

Are solar panels worth the investment 2017.

4 000 a year on your energy bills as a rough guide. Since we all use different amounts of energy it s best to look at your previous electricity bills to help you determine how much your upfront cost could be. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. The panels were tested indoors in the csiro lab and outdoors for 12 months.

From late 2015 to 2017 we put 15 solar panels from major brands to the test in a joint project with the csiro. It may take you many many years to get your full investment back. But what does this mean for the average homeowner. Government found that large installers are 2 000 to 5 000 more expensive than small solar companies.

In basic terms installing a solar power system is a worthwhile investment. A recent report by the u s. By property only december 8 2017 landlord tips the question of solar power panels is one that comes up increasingly and that will only increase as the logic of a cheaper power bill for tenants or in some cases the potential for a 0 bill is a common sense winner. 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. According to the solar power now as of early 2017 it costs around 3 per watt to purchase and install solar. Maximising your solar panel investment. A 10kw solar system can save you up to approx.

Usually you ll need to use a lot of power during the daytime 65 kwh over summer in order to get saved 1 000 on a quarterly bill. Solar energy is something we have looked at many times ourselves. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. That means homeowners but not renters can subtract the credit from the federal income taxes they owe in effect reducing the price of their solar purchase by nearly one third.

The one proviso is that you really need to stay in your home for the time it takes to recoup the cost of solar from savings you ll make on your electricity bill and ideally then some so you can profit. If you re thinking of investing in solar panels a good way of making the most of your money is to reinvest any cash you save on your energy bill plus any money you make from producing electricity.