Is Putting Solar Panels Worth The Investment

Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation.

Is putting solar panels worth the investment. Solar panels use the clean abundant energy of the sun to produce power and by investing in solar panels you can dramatically lower the carbon footprint of your home. Start comparing solar quotes on the energysage marketplace to see how much you can save. In this article we look at each province and territory to examine if solar panels make sense in your area. Most property owners can break even on their solar investment in 7 to 8 years.

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. But the high initial cost of solar panel installation makes many canadians wonder if it is worth the investment. 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. The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied.

While you ll still have to make significant investment the cost of the equipment in terms of the panels themselves the inverter. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. Generally solar panels create enough energy to power your whole house. Solar panels used ot be a massive investment.

Contact any solar panel company and they will tell you the cost per watt. Solar panels use the clean abundant energy of the sun to produce power and by investing in solar panels you can dramatically lower the carbon footprint of your home. In essence investing in solar panels is an investment in a clean stable future for yourself your family and all the generations to come.