Investing in solar panels on the roof of one’s house is getting very popular here in The Netherlands. Our government subsidizes your purchase with a maximum of €650 and decided to lower the tax on the installment fee from 21% to 6% temporarily.
We looked around for offers and I believe we have two options. We can get 9 solar panels for €3950 (including the 6% tax break, excluding the €650 max subsidy) which will deliver about 2100 kWh a year. Alternatively, we can get 11 solar panels with some power optimizers for €5100 (including the 6% tax break, excluding the €650 max subsidy) which will deliver about 2550 kWh a year. With all these subsidies it is said one’s investment will be returned within 6 years. Now, that sounds like a great investment, right?
Now that our interest savings rates have dropped under 2%, solar panels might just be the best investment for one’s money these days.
Have you got solar panels? Why (not)?