Solar Power Good Or Bad Investment

Solar power will save you huge amounts of money on your electric bill these are all familiar phrases and true for the most part and as preppers we know that solar is a great help on many devices that can actually operate off the grid.

Solar power good or bad investment.

That big yellow sun is as green as they come. Can you say aloha to solar power. A low risk investment with major returns but a hefty investment nonetheless. On the other hand people living in sunny states like hawaii have been found to save over 60 000 on electricity in 20 years.

Without government subsidies in the form of a charge on electricity bills or guaranteed tariffs for solar electricity solar power generation is not a competitive investment. Solar electricity costs between 178 to 345 per mwh. Solar is a good thing but it s complex and people really need to understand what they re getting into explore whether your state offers its own tax incentives. Generally solar panels create enough energy to power your whole house.

Is moving towards clean energy and solar is our cheapest option. You should also consider the weather of your home state. Solar energy should be thought of as an investment. So before you buy into the hype we recommend you use this simple guide to cut through the sales jargon and determine if solar panels are actually worth the money.

Rebates low interest loans and grants may also be available. They make it sound so easy but the truth is whether solar is a smart long term investment for you depends on a few major factors. How old is your roof. Solar energy is renewable sustainable and abundant and it produces zero harmful emissions to the environment as it creates power.