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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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[–] Venus 3 points 1 year ago (1 children)

Never think in terms of monthly payments. Think in terms of how much money they're actually asking you for. That's how they get you to consider $50k solar panels lmao

[–] Track_Shovel 3 points 1 year ago

I heard you like expensive investments. Might I interest you in a boat?