Free Solar Panels Are They Worth It

That s a pretty good deal courtesy of uncle sam.

Free solar panels are they worth it.

The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Solar panels are a big investment. If your panels are angled at 35 degrees they will clear themselves of snow without you having to do anything. Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation.

As you can see there are many factors that go into determining if solar panels are worth it for your home. It s also worth noting solar panel installations are tailored to each home to fit the roof and positioned to maximise the level of sunlight they receive so it s likely they wouldn t perfom as well if you installed them on a different home. If you live in an area with high energy rates and a suitable solar rating and can afford the initial investment it s worth installing solar panels in your home while the 26 tax break is in place. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

Do you want to learn more about solar energy or other forms of renewable energy for your home. The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels. At the moment they re worth just under 40 per certificate typically you re looking at about 600 per kilowatt of solar system you add on. How are you financing your solar panel system.

At the same time though they provide a lot of great benefits and many people find that they re well worth the high upfront costs. However what makes solar panels worth it are the robust federal and state incentives. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. If you can pay off the system with your energy savings in around ten years then it s worth getting on board.

While solar leases and power purchase. The government is effectively contributing nearly 1 3 of the price of your going solar. So it does add up. Chris zuppa the penny hoarder you might think that owning a solar system would ensure 24 7 access to electric power even when the grid goes down from hurricanes or other disasters or accidents.