Are Solar Panels Worth The Cost Reddit

The government is effectively contributing nearly 1 3 of the price of your going solar.

Are solar panels worth the cost reddit.

Estimate solar system size and installation costs. In those events you have to rely on a generator or buy a battery backup for your solar system. How much does the solar panel system cost. 33 813 is the cost of buying power from the utility over 25 years.

However what makes solar panels worth it are the robust federal and state incentives. Is 3 14 per watt 15 700 for a 5 kilowatt system. You re not 100 dependent on the solar panels especially during winter due to cloudy weather which blocks the sun rays from reaching the earth s surface. As of january 2018 the average cost of solar in the u s.

The issue for consumers is that they cannot easily compare solar panel costs because company quotes generally do not break down the cost and brand of solar panel they are using. But it s not a straight calculation. Keep this figure handy. Installation prices will vary significantly depending on the solar company you choose and the equipment you install.

Another reason why i would say that these are not worth the cost and time is the reason that because of these panels a user comes in debt to twice the price. When you install a tesla powerwall with a solar panel system you can get a tax credit equal to 26 of the installation costs. That means that the total 5kw solar system cost would be 10 990 after the 30 federal itc discount not factoring in any additional state rebates or incentives. The federal tax credit would drop the installation cost of one powerwall by 2 860 bringing the total cost down to 8 140.

And while the cost of solar panels has dropped more than 70 since 2010 according to the solar energy industries association batteries can cost as much as 10 000 to 15 000 including installation according to solar united neighbors. If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. In the end we ll compare it to the cost of owning solar over the same time period so you can determine if solar panels are worth it in the long run.

Panels that are owned add some value to the resale. How much does a 5kw solar system cost in 2018.