Are Solar Panels Worthwhile

But even if you don t want to bother making the effort if you re a rich bastard get solar panels anyway.

Are solar panels worthwhile.

Larger panels will cost more which may be less than attractive if you require large systems. It s good for the environment and you ll have a nicer planet to enjoy in your retirement. The average cost to install a 5kw system in perth is 5 190 00 which is cheaper than most australian states. Inflation at 2 5 and a 5 discount rate.

Assumed that 50 of solar energy is used by the home self consumption rate panels are tilted to the north at 30 pitch. The time it takes for solar panel purchase to pay for itself varies between states and system sizes but is generally between four and eight years so it s cost effective for people who stick around. 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. Research by iselect found that most households with solar panels believe it reduces their annual energy bills by about half.

That s a reflection of the fact. However the price of solar panels seems to be getting cheaper as time goes on especially in perth. As you can see for most australians they can install solar and have the system pay for itself within 6 years. Solar still worthwhile for low self consumption homes.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Solar is worth it financially. In almost all cases for almost all homes yes it s still worth it he said.