Is Putting Solar Panels Worth The Investment

But the high initial cost of solar panel installation makes many canadians wonder if it is worth the investment.

Is putting solar panels worth the investment.

Generally solar panels create enough energy to power your whole house. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. Most property owners can break even on their solar investment in 7 to 8 years. This caused panel prices to plummet comparatively so while solar panels were worth it for the consumer the manufacturers struggled to make a profit.

Contact any solar panel company and they will tell you the cost per watt. Start comparing solar quotes on the energysage marketplace to see how much you can save. Are residential solar panels worth it for my house. 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.

If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale. Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation. Ironically the investment opportunity wasn t in investing in the manufacturers of solar panels. Overseas manufacturers such as china were dumping massive amounts of solar pv onto the market.

Panels that are owned add some value to the resale. While it is up to each of us to decide the best way to spend our hard earned money residential solar panels compare very favourably to other traditional forms of investment. Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you. But it s not a straight calculation.

Solar energy is something we have looked at many times ourselves. In this article we look at each province and territory to examine if solar panels make sense in your area.