Why Solar Panels Dont Make Sense

Having small deep cycle batteries as backup for the solar panels might be an expensive necessity at possum lodgebut in suburban north america that type of installation doesn t make a lot of sense which is probably why almost nobody does it.

Why solar panels dont make sense.

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. It just wouldn t make economic sense assuming you own rather than lease the solar panels. Why don t electric cars have solar roof s asked one person in the no stupid questions area of reddit. I hear these kinds of statements all the time from potential customers or people who have learned that i m in the solar energy business.

It s too cloudy for solar panels in chicago. And while the cost of solar panels has dropped more than 70 since 2010 according to the solar energy industries association batteries can cost as much as 10 000 to 15 000 including installation according to solar united neighbors. At the end of 2016 solar power became the cheapest energy source in the world surpassing wind and its fossil fuel counterparts like natural gas. The payback period to recoup the cost of the system would simply be too lengthy.

Much of the excitement around solar energy in the 21st century has been due to its rapid decline in price across the globe. While solar leases and power purchase. Wouldn t it make sense to have a self sustaining charging capabilities. They may work in california but solar panels in illinois don t work.

How are you financing your solar panel system. Alongside the cost of panels and the amount of energy you can produce another major factor on whether or not solar makes sense for you will be just how much you are paying for retail energy prices. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array.

On the other hand if your main reason to install solar is to cut pollution not save money then solar would make sense. However much of. Now california is incentivizing solar installers to turn the panels more towards the west southwest.