Free Solar Panels Are They Worth It

Some companies offer solar panel installation for no money down but it s not exactly free you ll be renting the panels monthly for the term of the lease which is usually 20 years.

Free solar panels are they worth it.

Depending on the cost of installing solar panels it may no longer be worth it if you re thinking of getting them. If you live in an area with high energy rates and a suitable solar rating and can afford the initial investment it s worth installing solar panels in your home while the 26 tax break is in place. Chris zuppa the penny hoarder you might think that owning a solar system would ensure 24 7 access to electric power even when the grid goes down from hurricanes or other disasters or accidents. They make more than enough profit over the life of the system to recoup the cost of equipment savings that should end up in your pocket.

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. You can get free solar panels installed on your roof. Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation. No such thing as free solar panels but they can be affordable march 26 2019 mmerrill solar.

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. A better way to finance your system. 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. Plus if they ever decide to sell their home they will benefit because on average solar panels increase a home s resale value by almost 6000 per installed kilowatt.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. When trying to determine if solar panels are worth it for you consider the size direction pitch and the amount of shading your roof has. But wait that s not all home solar has been shown to add as much as 25 000 to the value of your home that s like money in the bank. And yet another study concluded that assuming your house gets enough light you gain about.

Pdf version of this blog. Another study found that buyers are generally willing to pay 15 000 more for a home with solar energy.