Solar Panels – Has anyone broken even on an installation?

5POSTS

2 years ago

Hi there. Solar seems really smart in Spain...but I keep seeing adverts about people breaking even in as little as 2-3 years. Has any one genuinely experienced this? Probably a lot to ask but interested to know if anyone has counted up their bills before and after and actually made a sizeable saving. (PS I know solar is green and good for the environment and that's number one...but I am interested in personal stories about the financial side.)

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rdkater Member

23POSTS

2 years ago

breaking evenin2to 3 years make my laf en rol over the flouri wil break even after 6 years en i have everything setup myself a seven K wat for the price of 6.5K

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jchilton Active member

55POSTS

2 years ago

@joshua51

My solar panel company told me 10yrs to break even. Installation was €9,000 and I save €75-€90/mth on electricity bills, so they were about right. On top of that there are petrol savings from electric car being solar charged of another €75/mth.

Plus, I could have received a €3,000 tax rebate if the company had obtained the required efficiency certificates before and after installation as promised, but they went bust!

gjpn Contributor

123POSTS

2 years ago

@jchilton

So if you got the rebate, sounds like you would have had a 3 year payback period, after which your car and house power would be completely free. Sounds pretty amazing to me.