Are Solar Panels A Good Investment 2015

But are solar panels a good investment.

Are solar panels a good investment 2015.

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. In many locations solar power is a. 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. Not only do you earn a considerable return on your investment after a few years but you also contribute towards the betterment of the environment and demonstrate your commitment to sustainability.

How much money you save depends on key factors however. Generally solar panels create enough energy to power your whole house. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. The system was installed right before new years last year.

While it can support the latter claim the rules for breaking a lease are mostly draconian and leaves you with additional costs when you sell buy the home or replace the underlying roof. In case you didn t know if you were thinking of installing a solar pv system the government feed in tariff has just reduced. The positives about them. Are solar panels still a good investment in 2015.

They reduce your electricity bill. The feed in tariff is now closed for new applications. So before you buy into the hype we recommend you use this simple guide to cut through the sales jargon and determine if solar panels are actually worth the money. To find out about the new scheme designed to replace it click here.

If your bill is particularly high then it could reduce significantly. Leasing solar panels is more a business for investors to get a greater return on their investment dollars than spreading solar as an energy alternative. 1 year later. Solar panels have an expected life span of about 25 years.

It was very exciting for us as it is something i wanted for a very. With the declining initial solar panel installation cost increasing electricity bills and government backed solar incentives solar panel investment is definitely worth considering. Rebates low interest loans and grants may also be available. The rising cost of electricity combined with the declining cost of solar panels and systems the last few years makes investing in solar energy a no brainer for homeowners.

I can finally figure out our exact return after one year of it working. How old is your roof.