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Is a solar panel cost effective?

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Anonymous

7y ago
Updated: 8/21/2019

If you are thinking of investing in the solar panels for long term, it is definitely cost effective.

Following points can explain it how:

  1. The price of installing solar panels has fallen by over 70% in recent years.
  2. You will just feel good about getting environmentally friendly energy.
  3. Energy prices will probably rise. So your electric bill will be much lower each month.
  4. Experts suggest that investing in solar panels could provide a long-term subsidy to regular savings and pensions.
  5. Solar panels can increase your property value and make mortgage providers more likely to lend.
  6. Solar panels are long-lasting and require little upkeep.
  7. You can avail government subsidy(need to check out with your state policies).
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Wiki User

7y ago

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