Date: September 24th, 2018 5:40 PM Author: aromatic resort
If you're planning this from a purely financial point of view, it's unlikely you'd reap any benefits. It's not just about break even point or increase in home value, but also what it does in opportunity costs. At 8% returns in the stock market, you'd double your money in 9 years. If you need 25 years just to recoup your investment, that is a horrendous deal in comparison. The panels are also a depreciating asset so by the time you've "recouped" your costs at the 25 year mark, your panels will be worth next to nothing. It may even lower your home value at that point, as the new homeowners will have additional costs when they need to replace what is by then a super old roof. If you spend $20K to basically end up with $20K in 25 years, if that $20K is invested in the stock market at 8%, you'd have $135K.