Part of me thinks it’s a smart move with how electric bills keep creeping up. But then I wonder… is it actually worth it long-term? Like, do people really save money or is it one of those “sounds good on paper” things?
Curious what made others finally decide.
I’ve been going back and forth on going solar for months now.
byu/swayze2719 inenergy
Posted by swayze2719
4 Comments
“It Depends”
– What does your solar offer look like, and how many companies have you spoken to
– How long will you be in the house
– What are you paying for electricity now, what are the predictions for future rate growth in your region/state, what do the incentives look like, and is there net metering
– Are you looking to save a particular amount of money for it to be “worth it” or will just having guaranteed price stability and a cleaner power source factor in?
– How old is your roof? What’s it made of?
Depends where you are in the world. In my country, my solar system paid for itself in two and a half years.
In my case it was an ok investment 3 years ago.
The bull run in the stock market would have been a much better place to have the money. But I doubt that will be very likely going forward.
In some places the cost of the system came down. I would have saved about 1500 buying it now instead. But that only goes so far.
But I’m really glad I got it regardless. It’s a childhood dream come true and I get to feel so smug with my electric car plugged into it. And I’ve done the right thing.
I wish I had got a slightly larger system now.
That’s a solid take. Feels like it’s more about staying steady and actually enjoying it, not just trying to outpace every other investment.
I was in a similar spot. What helped me was running my numbers on a site someone shared in another group. It had a lot of upvotes so I gave it a shot. That 20-year utility forecast? Low-key made everything click way better.