Green Energy

2201 readers

329 users here now

Everything about energy production and storage.

Related communities:

founded 2 years ago

MODERATORS

submitted 1 year ago by illumrial to c/[email protected]

15 comments fedilink hide all child comments

So I received an estimate for solar on my roof, which has a good southern slant.

The panels, if financed, would cost about $200/month and offset my $150/month energy bill. The loan would be for 20 years.

However, I might refinance my home and pay in cash. Is now a good time to make this investment?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 year ago

Another thing to factor into budget is if the credits from your solar production can cover the service fee from your power company.

For example I have a ~30usd/mo base/service fee that can't be covered by solar credits.

Just something to keep in mind. Every utility company is different.