Green Energy

2125 readers

70 users here now

everything about energy production

founded 2 years ago

MODERATORS

poVoq

SteveKLord

Thinking about buying solar panels (lemmy.world)

submitted 1 year ago by illumrial@lemmy.world to c/energy

15 comments fedilink hide all child comments

So I received an estimate for solar on my roof, which has a good southern slant.

The panels, if financed, would cost about $200/month and offset my $150/month energy bill. The loan would be for 20 years.

However, I might refinance my home and pay in cash. Is now a good time to make this investment?

you are viewing a single comment's thread
view the rest of the comments

[–] tchotchony@mander.xyz 5 points 1 year ago (1 children)

That's $48K in total, what kind of gold-plated solar panels are those? I installed 8 panels and a battery (to future-proof it, this isn't bringing in money yet) earlier this year for €8700. Yield currently on a sunny day is 20-25 kWh and covers my bill completely.

[–] Hotzilla@sopuli.xyz 2 points 1 year ago

That deal sounds like a scam, no normal system should cost more than 10k €/$/£