Are Solar Panels A Good Investment 2016

Solar panels have an expected life span of about 25 years.

Are solar panels a good investment 2016. 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. Think about putting it into a cash isa regular savings account or even a high interest current account. Best ways to pay for your.

Rebates low interest loans and grants may also be available. 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. 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.

Though a solar panel system is a substantial investment up front over time it can more than pay for itself. Meanwhile the more people who adopt solar panels the more the price drops as. There are still many good reasons to go solar including the possibility to save money on your electric bill. There is no doubt that renewable energy is the future.

A lot more companies are looking into using solar as an alternative source of energy. 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. In many locations solar power is a. Costs of purchasing and installing solar panels are dropping significantly.

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