How Good An Investment Are Solar Panels

Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you.

How good an investment are solar panels.

Start comparing solar quotes on the energysage marketplace to see how much you can save. 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. Most property owners can break even on their solar investment in 7 to 8 years. How much money you save depends on key factors however.

The positives about them. Generally solar panels create enough energy to power your whole house. They reduce your electricity bill. On average homeowners can expect to save around 1 400 a year on their bill after switching to solar.

Though a solar panel system is a substantial investment up front over time it can more than pay for itself. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. 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.

But are solar panels a good investment.