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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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[–] radec 2 points 1 year ago

Another thing to factor into budget is if the credits from your solar production can cover the service fee from your power company.

For example I have a ~30usd/mo base/service fee that can't be covered by solar credits.

Just something to keep in mind. Every utility company is different.