The pros of using solar panels include a lower carbon footprint, lower electric bills, potentially higher home value and tax credits. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in. . Solar panels are worth it for most homeowners, as long-term savings and increases in property value make up for the high initial installation costs. Solar. . Solar panels have never been more affordable or efficient, yet the question remains: are they actually worth your hard-earned money? With installation costs still hovering around $20,000 after incentives and a maze of financing options, making the wrong choice could cost you thousands. What makes. . With rising electricity prices and better technology, many homeowners are asking: Is solar a smart investment? The short answer is “maybe. ” If you pay cash, the average system costs $13,962 to $27,924 before any government help or incentives. Most people break even in 6 to 12 years.
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