Posted by Geo-TH,In on February 17, 2021 at 11:34:40 from (184.19.63.28):
The biggest advantage of solar investing is the fact that it's sustainable. IS IT? You decide it's your money. Different views of solar panels life span.
The expected life span of current panels is 15-25 years.
Some of the oldest panels are still working after 30 years, and some experts expect new panels to last for 40-50 years. But no matter how long a panel lasts, eventually it will need to be decommissioned.
Changes to favorable solar policies like net metering have created uncertainty for project developers and hampered investment. Thanks to net metering, homeowners are credited for the energy that their solar panels generate at the same rate that they would pay to their utility. As a result, you can save tens of thousands of dollars on electricity costs over the lifetime of your solar energy system. Not all states have net metering.
Seven statesArizona, Georgia, Hawaii, Indiana, Nevada, Maine and Mississippihave statewide distributed generation compensation rules other than net metering. These states' distributed generation compensation rules do not qualify as net metering because they do not offer full retail rate compensation or because their policies use an alternative compensation structure
Indiana Gov. Eric Holcomb (R) signed controversial State Bill 309 into law, which will end new net-metering for solar powered homes and businesses after 2022.
Most of solars disadvantages stem from the fact that it is still a relatively young technology thats disrupting one of the most stable, regulated industries in the country.
What about property taxes?
For any new solar PV system installed in Indiana, the assessed value of the system is exempt from your property taxes. That means that, even though your solar installation adds value to your property, the added value cant be counted when property is being assessed for taxes.
This may not be true for all states and commerical solar farms.
Property tax uncertainty could drive away some companies looking to build solar farms in Indiana.
In Indiana, real property tax assessments for solar farms are up to local assessors and can vary widely from county to county sometimes at such a high rate that the project is no longer viable.
This is information I got off internet. I hope you find it useful. I tried to not be too biased.
Has anyone invested in solar stock and made any money?
Before I invest in personal solar panels, I'm going to wait for Doc from Back to the Future to reveil how he made the flux capacitor. Then I plan to buy a Tesla and see if it goes 88 miles per hour and take me BACK TO THE FUTURE to bring back my younger body. George
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