Home Improvement

9051 readers

1 users here now

Home Improvement

founded 1 year ago

MODERATORS

nieceandtows

nichos

[email protected]

How do people afford the upfront cost of solar? (self.homeimprovement)

submitted 1 year ago by AnotherPerson to c/homeimprovement

37 comments fedilink hide all child comments

I just got a DIY kit quote for solar and it's ~$18,000. That would mean a contractor installing is at least $25,000 if not more. That's a big chunk of change upfront.

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

[–] [email protected] 6 points 1 year ago

Typically if you can afford a $25k upfront cost, the long term costs are pretty negligible.

If you're paying cash, then your monthly expenses are only going down due to your reduced electricity bill, so your savings potential is going up further.

Additionally the panels are warrantied for at least a decade, with a performance guarantee for 20+ years. If they're installed on your roof, many also include a guarantee on the roof work.

Proactive solar maintenance is really just keeping things clean, which costs very little.

These small costs do add up if you're barely making ends meet and on a lease plan that costs roughly the same as your old utility bill, but for the group paying upfront, ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯