Is Solar a Bad Investment?

20 years ago, installing panels is much more expensive because of the high price of polysilicon, silicon wafer, cell, and components. The installation price has been cut down almost 2/3 by now, but solar is still not cheap enough.

For home investment, installing panels is a 4 to the 5-figure investment we know that's a big commitment. But electricity from the power company isn't cheap eighter. And with the increasing consumption of coal, coal energy will keep rising up in price. The reality is that when we look at the long-term value of owning a solar system. Most grid-tied systems pay for themselves after 4-6 years. And make you a profit over the life of the warranty.

Here's how to calculate when you'll profit from solar. Total system cost. After your payback period, you will save money year after year, as you'll not pay the utility company anymore. You may also be eligible for state and local tax credits that help you reduce the net cost of the system for even more savings.

The solar power remote monitoring system developed by Linshu Electron Co., Ltd. will help you to monitor solar data in one dashboard, such as how much power you generate every day/week/month/year, how much cost you saved, how much power you sell to the power utility, whether your panel array working well, when to maintenance them, etc. If you are interested, please feel free to contact us.