Is solar a good investment?

If you aren't planning on moving for many years or have reason to believe the short-term energy savings and the boost to your home's value will recoup your investment, solar could pay off. If you don't have high energy costs or your state makes it harder to go solar, it might not be worth it financially.

Are solar panels worth it?

For example, Alaska residents see fewer sunny days per year compared to Florida, where sunny days are above the national average. If you want to store energy from your solar panel system so you can power your home at night, solar batteries are a must. But they're not cheap.

Are solar panels worth the tax credit?

But tax credit or not, solar panels are worth it for the vast majority of homeowners. If you own your home, pay decent electricity rates, and have a suitable roof, the investment will still likely pay off handsomely over time. The key is doing your homework: Get multiple quotes, understand your financing options, and don't rush into any decisions.

Are solar panels cost effective?

In previous decades, solar panels weren’t nearly as cost effective to install as they are today. Due to technological advancements, increased competition, and healthy incentives, solar owners can save hundreds of thousands in energy costs over the life of their system.

Is going solar worth it?

If you don't have high energy costs or your state makes it harder to go solar, it might not be worth it financially. Even after weighing all the pros and cons, the decision to go solar is a highly personal one.

Do solar panels increase home value?

In many cases, solar panels can increase your home’s value. While they require substantial upfront costs, solar panels can increase your home’s value by about 4%, according to Zillow. Some research has also shown that homes that have solar panels tend to sell faster than those without them.