The pros of using solar panels include a lower carbon footprint, lower electric bills, potentially higher home value and tax credits. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our. . Solar panels are an upfront investment that can save homeowners a significant amount of money in energy costs over the life span of the panels. With current tax credits and incentives, the average payback period for solar panels is between six and 10 years. But new federal legislation has accelerated the expiration of the 30% tax credit for homeowner-owned solar systems, moving. .
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