9% Return on Solar Investments
Written by: Adam
In the UK it is apparently possible to get a 9% return on investing in solar panels for your house thanks to the economy and government programs. Score one for the environment and for your pocketbook.
May 14th, 2009How we achieved a 9% return on investment:
The cost of our solar power system was £17,000 but the government paid for 50% which meant it only cost us £8,500 ($13,000). A return of £590 ($903) for that amount of investment equals around 9% return if you take into account that it’s untaxed.
In this economic climate you would be hard pressed to get such a return on investment.
The future
With the cost of photovoltaic panels reducing every year, choosing to purchase solar panels is becoming even more of a sound investment choice.
Topic: Energy, Environment Tags: investment, solar-power
May 14th, 2009 at 4:24 pm
Wait, if the cost goes down every year, why is it a sound investment to do it now instead of later?