Don’t forget, the initial cost of solar panels does not take into consideration any tax rebates or other incentives, which can save you up to 45% of the overall cost.
Even with a 45% discount, many people might still believe that spending $5000-10,000 on solar panels is too expensive.
But taking into account maintenance cost and energy savings, along with the increased value of a building with solar panels versus one without, and your investment could be recouped in about 5-8 years. After you’ve recouped the cost of your solar panels, you’ll find yourself making money.
Read even more about solar panels and learn more about the costs, benefits, and how solar systems work.