RetireCoast

Solar Panels for Seniors: Worth the Investment?

Season 6 Episode 22

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RetireCoast.Com  offers comprehensive advice for seniors considering solar panel installation. It highlights that while solar can seem appealing, especially with offers of "free" panels, numerous factors warrant careful consideration for older individuals. The article stresses the importance of assessing age in relation to system payback periods, current electricity rates, the benefits of cash payment over financing, and long-term housing plans. Furthermore, it warns against dishonest sales tactics targeting seniors and details the crucial aspects of utility buyback programs, roof condition, and optimal light exposure. Our podcast also compares leasing versus purchasing solar systems, examining their implications for upfront costs, savings, incentives, maintenance, and property value, ultimately suggesting that owning a system in full is generally more financially advantageous.

Read our complete article about Solar Panels at RetireCoast.com by clicking HERE