M0nica
indo notunderstand why some people say they would not have solar panels fitted because it isn't economic at their advanced age.
If the reason is that you won't get your money back because the probabilty is that you will die before then, then you will not get it back anyway, or if your worry is that your children will not inherit the money you have spent, then you are failing to take account that the solar panels will add value to your house, so the money will be recouped back that way. Even if you just downsize, you will get the money back through an enhanced price for the house because solar panels. have been installed.
If the reason is that you feel you cannor cope with organising it at your age, that is a valid reason.
Is this because you plan to spend the money on other things?
We'd have solar if our home was suitable, it's not.
I'm not sure that we'd get 100% of the money plus interest - back at a death or downsize home sale. Nobody we know has recouped well.
Has nothing to do with our children, our leftover money would go to our long term care rather than to our children anyway.
Our children are out and fully functioning, and though we give very generously, our money is surely not necessary to them. I assume many elderly people and their children are similar to us.
Yes, many people have other better things to do with their money in old age apart from home maintenance and add-ons.
