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How do people afford the upfront cost of solar? (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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I just got a DIY kit quote for solar and it's ~$18,000. That would mean a contractor installing is at least $25,000 if not more. That's a big chunk of change upfront.

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[–] [email protected] 9 points 1 year ago* (last edited 1 year ago) (2 children)

Make sure to do the math if solar is even worth it for you. Electricity is relatively cheap in my area. When I did the math, it would take me at least 20 years to break even (that's if I paid cash, even longer if I finance). Considering 25 years is an average panels lifespan, it would not save me any money.

Being independent of the grid is the only selling point, but I haven't done enough research if that's even true with solar. If it's still connected to the grid, will I even be able to utilize my panels if there's an outage in the grid?

[–] bakachu 2 points 1 year ago

Piggybacking to also recommend realistically assessing if you might move prior to that breakeven point. I don't know if solar panels have good ROI for house selling or not.

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