Articles tagged "payback"

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A piggy bank in which you can put the money you save by going solar.
Do solar panels add value to your home?
For many people who are thinking of adding solar panels to their house, knowing whether they will add or reduce the value of your house is a really important question. While it makes sense that any type of improvement to your home, including solar panels, should increase its value, there are a few caveats to be aware of when it comes to solar. First of all, when it comes to the question of whether or not solar will increase your home value, the answer in most cases is yes.
Illustration of people calculating the financial cost of solar panels.
Are solar panels worth it in 2022?
Thinking about solar panels for your home? It’s a major investment: even in states that offer multiple incentives, you’ll still be paying multiple thousands of dollars. Fortunately, the price of solar continues to drop, and in 2022 the cost of renewable energy - especially wind and solar - has fallen to the point where it’s cheaper than fossil fuels in many locations. But how about for the homeowner? Home solar panels can be worth it, but it depends on a few key factors: whether your home is suitable for solar, what your financial opportunity cost for purchasing solar is, what type of financing you’re prepared to use, and how personally important the environmental benefits are to you.