Is Installing Solar Panels A Good Investment

While solar leases and power purchase.

Is installing solar panels a good investment.

How old is your roof. 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. Here s how to find out if it s a good investment for you. With a continuously declining trend you can expect the initial investment to be recouped in a less amount of time.

How are you financing your solar panel system. Determining whether to install a pv solar system may seem like a daunting task but it is important to remember that such a system is a long term investment. Regardless of individual circumstances however the savings are significant. In many locations solar power is a.

Solar panels have an expected life span of about 25 years. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Compared to a brand new bathroom or a kitchen remodel installing solar panels on your roof is about as thrilling as insulating the attic. Not to mention it is a young technology and has questionable appeal to homeowners.

To calculate the solar panel roi you can expect you need to get a get a customized quote for your specific installation. Solar is a good thing but it s complex and people really need to understand what they re getting into explore whether your state offers its own tax incentives.