Are Solar Panels Worth The Cost Reddit

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.

Are solar panels worth the cost reddit.

The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. But it s not a straight calculation. The r solar community promo post september 01 2020 the subreddit sunshine mine and only spot for the latest news about your business app blog site article youtube channel or anything else you are affiliated with. How much does a 5kw solar system cost in 2018.

Installation prices will vary significantly depending on the solar company you choose and the equipment you install. 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. How much does the solar panel system cost. However what makes solar panels worth it are the robust federal and state incentives.

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. Estimate solar system size and installation costs. 33 813 is the cost of buying power from the utility over 25 years. The federal tax credit would drop the installation cost of one powerwall by 2 860 bringing the total cost down to 8 140.

While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment. The government is effectively contributing nearly 1 3 of the price of your going solar. Is 3 14 per watt 15 700 for a 5 kilowatt system. If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale.

Keep this figure handy. 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. Panels that are owned add some value to the resale. As of january 2018 the average cost of solar in the u s.

In those events you have to rely on a generator or buy a battery backup for your solar system. You can specifically ask for a certain brand of solar panels to be quoted but it also might not be worth it.