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Updated 9 months ago,

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What’s your views on getting Solar Panels?

Jarrett Fogelman
Posted

I was recently looking into getting solar panels on my home and after doing some more research I am now on the fence. I dont have a very high monthly electricity bill. It’s about $100avg. 2400sqft home. 
One of the main reasons I was interested in Solar was because of the added equity to my home. You get about 3-5% gained value from adding solar. However after running the cost it would be a 25yr loan of $33,000 at 5.99% and the monthly payment would be $150. 
So Solar is actually costing me more monthly than if I stayed with electric. 
Now with the rising cost in electricity over the coming years, I wonder if this is a good investment for myself and my home. 
I’m 50/50 right now and wondering what some other people’s thoughts are on the whole solar panel fad that’s hitting the country. 

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