With limited funds, should you buy residential solar panels or an electric car?

Written by goldensolar on June 10, 2020. Posted in Green Living, Solar Power.

Considering the cost of car ownership and depreciation and the ideal solar climate of Colorado, solar panels are likely to provide greater financial benefits. A small EV can lose about $7,500 a year in value, whereas the solar unit should last for 25 years or more, only losing a small amount of power each year.

nrel-solar-irradiance-map

Sources: https://www.sierraclub.org/sierra/ask-mr-green/limited-funds-it-better-buy-solar-or-ev https://www.nrel.gov/gis/assets/images/solar-annual-ghi-2018-usa-scale-01.jpg