Are solar panels worth it?

Solar panels can generate major savings if you’re trying to reduce your electricity costs, carbon emissions or both. The primary factor in determining whether or not solar panels are worthwhile for you is the cost you’re currently paying for electricity. The higher your electricity costs, the more a solar panel system will save you in the long run.

Are solar panels more efficient than other solar panels?

Some solar panel manufacturers produce solar panels with higher efficiency ratings than others. For example, we found SunPower in-house solar panels are nearly 23% efficient compared to other solar panels that may have an efficiency rating closer to 19% or 20%.

What is a 'solar panel rate' scam?

This is a common scam used to gather personal data and/or trick people into signing long-term solar lease agreements that are far less favorable than owning solar panels. For example, in February 2023, a Facebook page called “Solar Panel Rate” ran multiple ads claiming Elon Musk was paying homeowners $2,500 to test out new solar technology.

Are solar panels a good investment?

In a recent Forbes Home solar survey, we found that homeowners who installed solar panels experienced many benefits to their property and overall quality of life. In particular, over 50% of surveyed individuals were impressed by the energy independence they gained from adding panels.