Solar Panels: Expensive or not?

Let's find out...

The question is...

Are solar panels expensive or not? Well, let's start off with that fact that 5kw solar panels cost 10,000 dollars. That's quite a lot of money. An electric energy bill costs much, much lower than that. With that information, electric energy is better. But let's go even deeper. 5kw solar panels last roughly 25 years, give or take. Let's also notice the fact that the solar panels cost 10,000 dollars up front, no monthly payment. On the other hand, electric energy bills are monthly, about 1,200 dollars each year. 1,200 dollars for 25 years is 30,000 dollars. Now, with that information, let's compare. 5kw solar panels, ($10,000 and lasts 25 years) compared to 25 years of electric bills (roughly 30,000) means that you save much more money using solar panels.

In short...

Solar panels are an expensive one time payment, but over time you will eventually start saving money, and lots of it. You can save up to $20,000.