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.
How we achieved a 9% return on investment:
The cost of our solar power system was Â£17,000 but the government paid for 50% which meant it only cost us Â£8,500 ($13,000). A return of Â£590 ($903) for that amount of investment equals around 9% return if you take into account that itâ€™s untaxed.
In this economic climate you would be hard pressed to get such a return on investment.
With the cost of photovoltaic panels reducing every year, choosing to purchase solar panels is becoming even more of a sound investment choice.