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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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[–] poVoq 1 points 1 year ago

Might be worth getting a hybrid system that includes solar-thermal for hot water (maybe supplemented with a heat-pump). That will likely reduce your power-bill a lot and then you don't need such a big solar PV system.

Of course running a huge AC for the entire house will require an unreasonably large and expensive solar system...