Are Pv Panels Worth The Investment

Until one becomes a tenant or a homeowner they can t understand how quickly the electric rates are skyrocket.

Are pv panels worth the investment.

Adding home solar batteries is strictly optional and it s certainly possible to save money relying exclusively on pv panels and incentives like net energy metering. We can help you work out whether solar panels are a good investment for your money. A typical install will currently cost you around 5 8 000 down from 8 12 500 a few years back. So even with declining government feed in rates the actual return on investment is pretty good thanks to an ample supply of panels thus reducing increasing competition and lowering prices.

Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you. This is because you can get paid for the electricity that your solar photovoltaic pv panels produce. The short answer is yes even in an expensive state like california going solar is worth the investment. Start comparing solar quotes on the energysage marketplace to see how much you can save.

The main reason homeowners go solar is to reduce the amount of money they pay to their local utility companies. Let s explore why that is why solar panels are always a good investment. Most property owners can break even on their solar investment in 7 to 8 years.