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I'm a 65 y/o retiree - is it worth it to go solar?

asked 2015-02-13 12:46:32 -0500

JRodrig gravatar image

updated 2015-02-13 15:55:43 -0500

Hi,

I'm recently retired and thinking about getting a solar system installed to save money on my power bills with my newly fixed income. Any thoughts about how much money it could save me if I got a system installed? Should I get a lease? Buy the system?

Thanks

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answered 2015-02-20 13:44:02 -0500

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updated 2015-02-20 13:44:02 -0500

energysage gravatar image

Hi there JRodrig,

Great question! Lots of people ask us about solar as a retirement strategy, so we've written a piece on the topic: "Solar power as a retirement investment strategy".

That article should help you clear up most questions and uncertainties that you may have about going solar, so definitely check it out.

To answer your questions in brief: Yes, going solar can definitely save you money into your retirement, whether you purchase your system or you lease it. However, if you have no tax liability (and therefore can't take advantage of the federal Investment Tax Credit), it might make more financial sense for you to go solar with a lease. Again, you can read more on this topic in our article: "Should you buy or lease your solar panel system?"

We hope you find this helpful. And don't forget to compare your options on our Solar Marketplace!

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Asked: 2015-02-13 12:46:32 -0500

Seen: 978 times

Last updated: May 29 '15