Are Solar Panels A Good Investment 2016

Costs of purchasing and installing solar panels are dropping significantly.

Are solar panels a good investment 2016.

It saves money and the environment at the same time. If you re thinking of investing in solar panels a good way of making the most of your money is to reinvest any cash you save on your energy bill plus any money you make from producing electricity. In 2018 most american homeowners are paying between 2 87 and 3 85 per watt to install solar and the average gross cost of solar panels before tax credits is 16 800. There are still many good reasons to go solar including the possibility to save money on your electric bill.

Generally solar panels create enough energy to power your whole house. Average for system size at 5 kw 5000 watts solar panel cost will range from 10 045 to 13 475 after tax credits. June 30 2016 buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat. Though a solar panel system is a substantial investment up front over time it can more than pay for itself.

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. Generally solar panels create enough energy to power your whole house. A lot more companies are looking into using solar as an alternative source of energy. Solar panels have an expected life span of about 25 years.

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. How old is your roof. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. Think about putting it into a cash isa regular savings account or even a high interest current account.

In many locations solar power is a. There is no doubt that renewable energy is the future.