Another Person Aug 18, 2023

How do people afford the upfront cost of solar?

https://lemmy.world/post/3393044

How do people afford the upfront cost of solar? - Lemmy.world

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.

Show threadlemming007Aug 18, 2023
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.
Show threadbakachu
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.
Aug 18, 2023 at 11:25pmWeb