Are home solar panels worth the cost?

While this is a general question, and for everyone, the answer is different, in general, the answer is “yes, home solar panels are worth the cost!”The considerations that decide to what degree solar panels are worth the cost to you include the energy usage, the maintenance costs of solar panels, the amount you pay for electricity, and the regulations and subsidies that protect solar owners in your state.

You should map the cost and profit on a graph once you’ve worked out all the factors, and find out a few figures. We look at the time-to-payback, total savings over 25 years, and the internal rate of return in the solar industry. Levelized Cost of Electricity (LCOE) is a more sophisticated statistic that looks at all the costs and benefits of solar and compares them to your projected long-term cost of electric electricity.