Is solar power worth it reddit

Are solar panels worth it?

You'll probably pay more for an installer with a strong labor warranty and high skill level, but it could be worth it. Solar prices differ from state to state. Generally, you'll see a lower price per watt ($/W) in warm states and a higher $/W in cold states, but this isn't always true. 2. How much you pay for electricity now

Are solar panels a good investment?

Overall, going solar is estimated to save people an average of $22,181 over 25 years. Solar panels are a big investment. Even though you will see the savings down the road, solar panels won’t work for every homeowner. If you’re on the fence about installing solar, here are the key factors to consider. How much do solar panels cost?

Do more solar panels cost more?

Generally speaking, a bigger system with more panels will have a higher average cost than a system with fewer panels. While cheaper solar panels may seem like the easiest way to save money on a solar system, investing in high-quality equipment usually yields greater long-term savings.

Do solar panels cost anything?

The poster says, “the panels don’t cost anything,” implying the company is pitching a solar lease or a PPA. Both are “third-party ownership” deals where the solar company owns the panels and sells you the energy you produce. They also say it’s a lease later on in the post.

Should you go solar?

One of the primary reasons it makes sense to go solar is that electricity costs typically increase yearly, but your solar costs won’t. Without solar panels, the average homeowner will pay more than $64,000 in electricity bills over the next 25 years, according to EnergySage data.

How much money can you save with solar panels?

Without solar panels, the average homeowner will pay more than $64,000 in electricity bills over the next 25 years, according to EnergySage data. If you install solar panels now at an average cost of $20,000, you can save between $31,000 and $100,000 over the next two and a half decades.