Switching to solar power is a big decision for many households. Determining the economics of solar is of utmost importance in making that decision. The full-picture economics—not simply the price tag of the installation—is what we outline in this post.
Even as recently as 15 years ago, the economics of solar PV did not make sense for most homeowners, let alone municipalities or big commercial enterprises. Solar was not as efficient, it was costly, and storage of excess sun power was a big issue; all of these factors meant that solar’s payback was decades.
These days, solar panels are 25% … Read More