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  1. #1
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    Default Solar panels- worth the investment do you think?

    Hi

    Been looking into getting solar panels on our house. Just wondering if the consensus is they are worth the investment? It's such a big decision!!

    Thanks

  2. #2
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    At the current pricing/rebates etc... No. A few years ago the rebates were better and the answer was yes. We have them, he did a lot of homework as there's big differences. He wrote a spiel on it for Modern Budget Hacks on Facebook a few weeks ago if you want to go look up the post.

  3. #3
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    ^WSS. It's going to take years for us to pay ours off.

  4. #4
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    Is it because you are still pulling power down from the grid?

    Has it reduced the power bill much?

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    Agree with Wise Enough, definitely worth it a few years back when you were getting back 69c in the dollar but not worth it now

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    It is worth it for us. We got them put in earlier this year, it has reduced our bill significantly.

    Maybe it is because we run a pool pump for 8 hrs a day.

    We are very happy with the amount we are saving, even though we are not getting the rebates that were given a few years ago.

    We have also got a system that allows us to store surplus power in batteries and go off grid if need be. We haven't bought the batteries yet, but they are our next purchase.

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    I don't know what the current deals are but we got ours about 7-8 years ago and we're glad we got them. They don't cover our entire bill but pay for about half over winter and usually break even over summer so we're happy with that. We get 52c back though.

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    We're on 6c/kWh. We earn maybe 110 dollars a quarter.

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  10. #10
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    For us, definitely.

    We have a 1.9 KW system that was installed about 3 years ago. It completely paid itself off a while ago, and we have no power bill. Ever.

    In your particular situation it would depend on the cost for a particular system, the feed in tariff etc.


 

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