In todayâs day and age, the search for alternative, environmentally-friendly ways of powering the world is a huge topic. Solar energy is not exactly a new concept, but itâs still nowhere near as popular or widely used as it should be.
As the earthâs most powerful and plentiful resource, the sunâs solar energy is a key player in how we can power our world for future generations. However, we still have a long way to go in terms of how accessible solar energy is for most households and businesses.
If youâre thinking about opting for solar panel installation, hereâs an outline of the pros and cons to consider.
Pro #1: Itâs the Most Eco-Conscious Choice
It goes without saying that making the switch to solar energy is a smart, eco-friendly choice thatâs better for the environment. Itâs also one of the cleanest ways of generating electricity, emitting zero carbon emissions or greenhouse gases.
If you want to make an environmental impact, no matter how small it seems, installing solar panels can and will make a difference in the long run.
Pro #2: It Reduces Your Energy Bill
When you power your home with solar panels, youâre completely off the grid. This means that you donât rely on the local electricity supply and can save huge amounts on your monthly energy bill.
In some cases, you could even produce excess solar energy which you can then sell to your local utility station, earning you money back on your investment. You can also choose to power only a part of your home with solar energy, such as your lights if you canât afford an entire solar energy system.
Pro #3: Youâre Entitled to Solar Energy Credits
Not only can you earn cash money on the excess power you generate, but youâre also entitled to receive solar renewable energy certificates (SREC). Basically, you receive a certificate for every megawatt-hour of electricity you generate.
You can then sell these certificates to electricity suppliers in your region to fulfill their Renewable Portfolio Standard, according to the stateâs solar energy prerequisites. In short, this is just another way to earn money from solar panel installation.
Pro #4: Boost Your Home Value
If youâre thinking about selling your home in the future, installing solar panels is a surefire way to improve your homeâs overall value. The bottom line is that homes with solar panels sell for more. This is because of the initial investment you made to have them installed. As well as the energy savings the new homeowners can enjoy.
In some cases, property value could improve by as much as $15,000, when compared to your neighborâs home without solar panels.
Pro #5: Theyâre Low Maintenance
Not only are solar panels easy to install, thanks to a reliable solar contractor, of course, but theyâre also super low maintenance. They will cost you almost nothing to keep in good shape for years to come because they donât have any parts that tend to wear down over time. The only maintenance requirement is that you keep them relatively clean in order to function properly. But even then, this is where rainfall comes in handy!
Most residential solar panels should last up to 25 years, allowing you to recoup your initial investment, and sell your house for a great price â even if thatâs only in 10 yearâs time.
Con #1: Thereâs a Pricey Upfront Cost
Itâs no secret that it costs a fair penny to install solar panels. This is probably the biggest consideration to keep in mind when converting to solar energy. Youâll need to set aside a good sum of money if youâre thinking about a full solar energy system. However, there are more affordable options, too.
For example, you could make a partial switch to solar energy and power only certain sections of your home via solar panels. This is often a good starting point. You could also choose to lease solar panels to test them out before you actually decide to buy them.
Bear in mind that installing solar panels is a long-term investment that only pays itself off after youâve lived in your home for a few years.
Con #2: Itâs Expensive to Store Solar Energy
Itâs not rocket science to understand that when thereâs a decline in the amount of sunshine in your region, your solar panels will produce less energy. When solar power first became popular this presented a major issue for powering homes (and businesses), and it still does if you canât afford battery storage.
Nowadays, you can and should invest in backup batteries that store power for those gloomy days or weeks when your solar panels canât perform at their optimum. You have a number of battery types to choose from, but some of the most affordable and efficient include lithium-ion, nickel-based, and flow batteries.
Con #3: Not All Roof Types Suit Solar Panels
The reality is that not all roof types are cut out for solar panels. Most of the time, this has to do with the weight and size of the panels and whether your roof is strong enough, or in good enough condition.
To add to this, if you donât have a home that receives a good amount of direct sunlight (aside from midday sun), it can make capturing solar energy all the more challenging. In other words, roofs that angle toward the sun tend to be a better fit for solar panels than homes with flat roofs.
It also comes down to the type of roofing material you have. If you have tiles, metal, or asphalt shingles, this makes installation a lot easier. Other types of roofing materials will increase the cost, labor, and time to install the solar panels.
Solar Panel Installation is a Smart Choice
Switching to a renewable source of energy to power your home is the smart choice in the long run. If each household could make an effort to reduce their energy consumption in meaningful ways, we could reduce the global warming risk to our planet. However, solar panel installation is something to carefully consider â we hope these pros and cons will help you make the right decision.
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