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Thinking about buying solar panels (lemmy.world)

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

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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?

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[–] 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 €/$/£