>want to install solar panels
>have the perfect south-facing roof for it
>looking at 5-year loan
>monthly payments during those 5 years are about the same as my current monthly electricity bill
>except after 5 years I won't have any electricity bills at all anymore
This is a no-brainer, right?
unironically you could invest that money and win more, but whatever, you are a bainlet and you would probably lose it all so yes, buy the sonal panels
Only thing I'm kind of worried about is the fact that all of the companies that supply and install these things are shady little no-name entities that come attached to a much bigger name.
Like Ikea with something called "Solarcentury".
People are lured in with the big Ikea name, but when push comes to shove, Solarcentury is simply allowed to go under and nobody gets any warranty anymore.
Except I have to pay monthly electricity bills anyway.
Nothing changes in terms of monthly expenses.
what if its cloudy
They work with indirect light too.
And on really sunny days, the excess power you generate goes to the grid, spinning back the electricity counter in your house. This means that on darker days, you get to consume the same total amount of power you've been feeding back into the grid for free.
Well for one I’m doubtful you can actually go off grid with $5k worth of panels as that’s barely enough to run a fridge and certainly not a fridge, stove, ac, hot water heater, dryer, etc.. Second I bet they shit the bed within a week of the warranty running out. Renewable energy is a meme.
I have a relative that has huge solar panels in his backyard. He has paid them off.
It is a great investment.
He also sells his extra electricity.
Read your contract carefully as power companies screw people on this.
>I’m doubtful you can actually go off grid with $5k worth of panels
It would be around 13k for me.
That would be enough for 13k kwh per year.
>Second I bet they shit the bed within a week of the warranty running out.
The panels from my quote have 20 years of hardware and yield guarantee.
Only thing that isn't guaranteed for that long, is the actual installation.