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Economic Self-Interest Will Draw Millions To Solar Energy

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Many Americans who don’t believe in global warming will opt to invest in solar energy simply because it will save them lots of money.

Unfortunately, not everyone can install solar panels on their roofs. People in apartments or renting will not have that opportunity, though some might cash in through community solar organizations or plug-in solar --- portable panels that can be placed on balconies or in yards.

Even some single-family homes may have roofs aimed the wrong direction or too shaded. But for those with suitable houses, solar panels are increasingly a no-brainer.

In 2019 we installed 32 panels on our home roof at a cost of about $18,000--- about $22,000 in 2025 dollars. However a 30% federal tax credit reduced our out of pocket cost to about $12,600.

Donald Trump’s “Big, Beautiful Bill” repeals the federal tax credit starting in January, but solar panels remain an excellent investment.

In seven years, our panels have generated more than 72,500 kilowatt-hours of electricity. This would have cost us more than $7,250 at the local price of ten cents per kilowatt-hour. Thus, in less than seven years our panels have saved us more than half of what we paid for them. And they should be good for 25 years, or more.

They have generated more than half of the electricity we have used in our all-electric household, including charging up the battery in our electric car, a Chevrolet Bolt EV. To indicate how much energy 72,500 kilowatt-hours represents, that would be enough to drive our electric car about 280,000 miles!

The cost of installing solar panels may come down further. The panels themselves are getting cheaper. And for various reasons, including local building regulations, installation costs in the U.S. are much higher than in some other countries. Many cities are exploring how to make local laws more receptive to solar.

Maximum benefit from solar panels will come........

© Common Dreams