Is It Worth Getting Solar Panels

Start comparing solar quotes on the energysage marketplace to see how much you can save.

Is it worth getting solar panels. The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. That means homeowners but not renters can subtract the credit from the federal income taxes they owe in effect reducing the price of their solar purchase by nearly one third. One downside of solar panels is that you can only use the energy generated immediately that is when you are at home putting lights on and running appliances. The government is effectively contributing nearly 1 3 of the price of your going solar.

Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you. However what makes solar panels worth it are the robust federal and state incentives. Panels that are owned add some value to the resale. If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale.

So are solar panels worth it for your home. Most property owners can break even on their solar investment in 7 to 8 years. That s a pretty good deal courtesy of uncle sam. With a battery system you can store.