Is It Worth It To Install Solar Panels At Home

It was once the case that monocrystalline solar panels were significantly more expensive than the less efficient polycrystalline panels.

Is it worth it to install solar panels at home.

The answer depends on many factors including where you live how much roof space you have if your roof is shaded how much power you use what your local utility charges you for electricity and the prices offered by. How are you financing your solar panel system. The typical efficiency of monocrystalline panels from a tier 1 brand is usually between 19 and 22. 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.

However what makes solar panels worth it are the robust federal and state incentives. While solar leases and power purchase. Monocrystalline solar panels are the most efficient solar panels you can install on your home. The government is effectively contributing nearly 1 3 of the price of your going solar.

Details on the northern ireland renewables obligation can be found on ofgem s website. 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. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. 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.