Are Solar Panels A Good Investment 2016

Though a solar panel system is a substantial investment up front over time it can more than pay for itself.

Are solar panels a good investment 2016.

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. Rebates low interest loans and grants may also be available. Generally solar panels create enough energy to power your whole house. 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.

How old is your roof. There is no doubt that renewable energy is the future. Meanwhile the more people who adopt solar panels the more the price drops as. 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. Think about putting it into a cash isa regular savings account or even a high interest current account. Best ways to pay for your. Average for system size at 5 kw 5000 watts solar panel cost will range from 10 045 to 13 475 after tax credits.

Generally solar panels create enough energy to power your whole house. 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. It saves money and the environment at the same time. A lot more companies are looking into using solar as an alternative source of energy.

There are still many good reasons to go solar including the possibility to save money on your electric bill. Solar panels have an expected life span of about 25 years.