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I took out a $15,000 personal loan to install solar panels on my home. Now I'm saving $6,000 a year.

  • A couple in southeast Texas took out a $16,000 personal loan to install solar panels on their home to save on electricity costs.
  • The husband, who is an engineer, handled the installation himself, saving an additional $15,000 in labor costs.
  • After completing the project, they are saving around $500 a month on electricity bills, which amounts to $6,000 a year.
  • The couple plans to pay off the loan early next year to fully enjoy the savings generated by their solar panels.

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