Is It Worth Getting Solar Panels

So are solar panels worth it for your home.

Is it worth getting solar panels.

The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you. The government is effectively contributing nearly 1 3 of the price of your going solar. But it s not a straight calculation.

However what makes solar panels worth it are the robust federal and state incentives. If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. Panels that are owned add some value to the resale.

With a battery system you can store. That s a pretty good deal courtesy of uncle sam. Most property owners can break even on their solar investment in 7 to 8 years. 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.