How Good An Investment Are Solar Panels

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How good an investment are solar panels.

Though a solar panel system is a substantial investment up front over time it can more than pay for itself. The positives about them. Generally solar panels create enough energy to power your whole house. But are solar panels a good investment.

On average homeowners can expect to save around 1 400 a year on their bill after switching to solar. 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. They reduce your electricity bill. Though a solar panel system is a substantial investment up front over time it can more than pay for itself.

Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you. If your bill is particularly high then it could reduce significantly. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. Generally solar panels create enough energy to power your whole house.

How much money you save depends on key factors however.