Do you think solar panells save money?

Here in our country, where the weather is tropical, the solar panel are perhaps very useful. Unfortunately however not many people are using it considering the cost it will take to set it up including the materials. It is very much expensive and most of us here cannot afford it. Perhaps if the cost is lowered down it would be affordable to the average individual. How I wish that our government will find a way to subsidized or perhaps spend a counterpart amount for the expenses. That way, it will be viable for the common average earner.

Now we are talking! this is an interesting topic and keeps me reading on feedback. Well yes I think they are a great asset for saving money on the power bill. I just wish it was made more affordable. I think hte technology is getting cheaper and there are many ways of applying it. Well worth the research and investing on it for personal use at home.

I think that solar panels are a great idea but it will take years to recoup their cost, if you ever do. Essentially they cover about 60% of your hot water costs - on a 3 bed semi with 3 occupants that would be about £400 pa. In simple terms your investment will take 10 years to come back to you. Obviously that is not a precise figure. I think that all new homes should be provided with them though along with geothermal heating systems together with a collective wind turbine for every X number of homes. However, the Government is frightened of doing anything radical for fear of upsetting the energy lobby who seem to have a real grip on this country. So we continue to burn fossil fuels like nobody's business and then wring our hands and say "whatever shall we do".

We have had these before and they did save on the electric bills but we had them about 5 years and they still hadn't paid for themselves. I think they are better now and not quite as expensive. But I also like the fact that they save on pollution also.

We have thought of buying solar panels but because they are very expensive right now have decide to wait until the price goes down. We have been told by some people we know who have the solar panels that it will take a long time before they will be seeing their money back on the cost of the panels.