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Old 01-10-2018, 07:09 PM
 
168 posts, read 275,779 times
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I tried to search it, but the box kept disappearing. Does anyone actually feel that their solar panels are worth the money? Did you install them yourself or pay a contractor?
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Old 01-11-2018, 05:43 AM
 
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We talked about this extensively on our community website (NextDoor). Basically you have to live in your home for around 12-15 years to recoup the initial expense of the solar panel installation, depending on the total cost, company, set-up, etc. I'm sure the solar companies will tell you otherwise but the math doesn't lie. So essentially if you somehow know you'll be in that same home for the very long-term, it can be a good investment. Otherwise it's a loss and you'll be paying for the next family who owns your home to enjoy the financial benefits.
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Old 01-12-2018, 05:29 AM
 
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I have a friend who years ago had some panels added on his roof. In the end I think it was only enough to power like a hot water heater and MAYBE something else. He had some buyers remorse after a few months realizing it didn't save much money. He was able to calculate some savings on his utility bill but as Florida2014 said, it would takes several years to break even.

I think the cost will come down in the future as humans adapt to alternative energy. Things like solar, electric cars and all. I don't things these things are fads.
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Old 01-12-2018, 06:02 AM
 
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And I also wonder how it works with hurricanes. Are they panels insured as part of your homeowner's insurance? Do they have to be insured separately? Are they insured at all? With the last 2 hurricanes these questions have popped into my head. I've seen solar companies canvassing the neighborhood after the storms checking and re-securing everyone's panels, but I don't know if that cost is included or is extra. If it's extra you can take that timeline out a few years to recoup your money.
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