Can I Profit From Having Solar Panels? Yes! Because of the combination of lower-cost equipment with improved efficiency and lower-cost expertise. More efficient solar panels in 2020 have made home solar very profitable for a short or long-term investment. Also, by adding in the savings for the expertise provided for a fraction of the solar companies’ costs, you can save even more.
Solar panels have not gotten cheaper; just like air conditioning units, they have become more efficient because they produce more power per panel. Reducing the number of panels required to meet the same production lowers the total cost of a system.
The individual panels may cost more in 2020, but they produce more energy at a lower cost per kWh. Another good example is LED lighting, the bulbs are expensive, but the power bill is so much lower you can’t afford to use them.
The most important thing to focus on is home solar is it’s an “investment,” not a liability. Like any investment, you want to do your homework and get the best quality for the least amount of money invested?