Comment by _mlbt
6 months ago
Household solar installations are still too expensive to be a reasonable option for many consumers in the United States. The amount of solar generation is also very dependent on where you live. Not to mention, it is becoming increasingly difficult to become a homeowner with people achieving this milestone later than ever. If you rent, it’s not really an option at all.
> On average, it takes between nine and 12 years for solar panels to pay for themselves.
https://money.usnews.com/money/personal-finance/spending/art...
This is all factually accurate. If you're a renter, see if your utility offers a community solar option. This enables you to get economic savings and exposure to solar without installing a system yourself. If you're a homeowner, in many cases, the return on investment (depending on installation cost) is under 10 years (after which your power is free for the life of the system, which will exceed 25 years). It should be compared to a bond return/investment (assuming cash purchase vs financing or a lease).
https://seia.org/initiatives/community-solar/