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Are solar panels, for your house, an investment?

I like the idea of solar panels but I'm wondering if it's something that would save me money in the long run. If a person buys $10k worth of panels how many years before they pay for themselves to the point where you're actually saving money? In 20yrs what kind of maintenance does a solar panel require?

4 Answers

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  • 6 years ago

    It heavily depends on where you are located and your local conditions. Look at insolation maps to see how sunlight availability varies across the country. More sunlight will give give a faster break-even point. It also depends on the price of electricity in your area. A higher price of grid electricity will give a faster break-even point. It will also depend on how the panels are connected and local regulations. If they can be connected to the grid AND the electric utility pays you for excess power generated, then the break-even point will be faster. It also might depend on your personal consumption habits. Do you use much electricity during the mid-day when solar generation is at maximum? If you don't use much electricity during the day, then solar generation capacity will be wasted.

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  • 6 years ago

    Yes

  • 4 years ago

    Homemade Solar Power Videos - http://solar.eudko.com/?Way

  • 6 years ago

    If you go to EnergySage.com you can use their instant estimator to find out how much you could save and long long it will take for the system to pay back it s cost.

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