this post was submitted on 12 Jun 2023
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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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[–] badpenny 1 points 1 year ago

financed solar panels can make selling your house really complicated. you'll have to find a buyer who will take on the contract and not everyone is excited about another house related monthly expense. i've heard enough bad things that i would only do solar panels if i paid for them upfront.