Are Free Solar Panels Worth It

Depending on the cost of installing solar panels it may no longer be worth it if you re thinking of getting them.

Are free solar panels worth it.

The short answer is yes my wife and i installed a solar pv system back in 2010 for our hobby farm and despite a few headaches and setbacks it has been one of the best decisions we have made. The other piece is that there is true value provided by solar panels namely future energy savings one recent study found that solar energy systems add about 4 1 percent to the value of the. Find out if residential solar power is worth it for your home with a. Details on the northern ireland renewables obligation can be found on ofgem s website.

Generally solar panels create enough energy to power your whole house. As you can see the declining price of solar panels has led to a drastic increase in the number of installed systems. Since we have a hobby farm the installation was part of our farm and is separate from the system that powers our house. The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels.

As you can see there are many factors that go into determining if solar panels are worth it for your home. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. The bottom line is there might be a free solar panel scam lurking out there but it isn t coming from any reputable solar company like ours. How are you financing your solar panel system.

If you submitted an application for the scheme before 31 march 2017 you ll still get paid for generating electricity for the full 20 years. While solar leases and power purchase. Let s imagine you spend 15 000 to install a solar panel system and are eligible for a 26 federal tax credit on that. Find out if home solar panels are right for you with a free estimate and consultation from the experts at understand solar.

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.