Have you considered putting solar panels on your roof, but aren’t quite sure if it’s the right move for your home? We understand! Solar energy can be complex, and finding the right installer can be a challenge. The good news is that we’re here to help.
In this article, we’ll discuss the reasons why solar panels could or could not be right for your home. We understand that every household is different and there should be an in-depth understanding before making a decision on solar We’re here to discuss both the pros and the cons of solar panels. Let’s get started!
Pros of solar panels
There are a lot of reasons to install solar panels. We’re going to dive deeper into a few of them and explore how you can benefit.
Reduces ecological footprint
First and foremost, solar panels can reduce your environmental footprint. While the initial manufacturing process produces some emissions, the impact is minimal compared to continued use of fossil fuels as your primary energy source. In fact, it only takes about 1.6 years for a solar panel to offset the emissions from its manufacturing process. With the average solar panels currently lasting from 25-30 years (or more), this is quite the return.
There’s also work being done to make solar panels even more efficient and durable. By switching to solar now, you’re investing in a future where further exploration of solar energy use is available.
Lowers electric bill
Utility bills can be expensive––and they’re getting pricier each year. Since solar panels generate electricity from the sun instead of taking from the grid, they can drastically reduce the cost of your electricity bill.
Over the past decade, national electricity costs have increased by about 32%, or 2.8% every year. Conversely, the cost of solar systems has decreased 22% since 2015. Depending on your budget and roof space, most solar panels can cover most, if not all, of your energy needs.
If that wasn’t reason enough to go solar, you may be eligible for the federal tax credit if you purchase your solar system. In some states, Solar renewable energy credits (SRECs) are available to compensate you for the electricity that your panel generates. Additionally, some areas offer net metering, allowing you to sell your excess energy to your utility company in exchange for reduced utility bills.
Improves overall home value
People want solar energy. It’s true! Solar panels can add value to your home. In fact, the property value of a house with solar panels can be worth up to $15,000 more than its neighbors. So, if you aren’t quite in your forever home but still want to switch to solar energy, it can definitely be worth it. On top of the savings from electricity bills and other programs we discussed, this make solar panels a valuable investment for most stages of life.
Cons of solar panels
Though few, there are a few reasons why going solar may not be right for you.
Upfront cost
The upfront cost of installing solar panels can be expensive. The average household needs an 11 kW solar system, making an average price anywhere from $24,000-$35,000. Incentives and credits can drastically reduce this price. For example, the federal tax credit alone can lower the cost by 30%. The price for solar panels will vary by a number of factors, like the equipment needed, the installer you selected, and your energy habits.
There was a slight increase in costs over the past three years due to pandemic-related equipment shortages. However, prices of solar equipment are back down to pre-2020 prices, meaning now is a great time to buy. Plus, when you choose an installer with flexible payment options, like Trinity, you don’t have to purchase your system upfront. You can go solar for as little as $0 out-of-pocket, save some money on your utility bills, and enjoy more predictable energy costs.
Roof requirements
When it comes to solar energy, not every roof is made equal. The ideal roof for solar panels gets plenty of sun throughout the day and is sloped between 14 and 40 degrees (though a flat roof can also work). If you’re unsure if your roof is right for solar, we can help. We use specialized software to design the most efficient system for your home.
Homes with older roofs may need to replace their roof before installing solar panels. Asphalt shingles or metal roofs work well, while slate and cedar tiles require extra attention. If you have skylights or roof decks, the installation process can be more intricate. That’s why it’s important to choose an expert installer, like Trinity, who knows how to make the most of your home’s unique features.
Energy storage
Since solar panels rely on the sun, there are times that it’s not possible to use your solar-generated electricity, like at night. Most solar power systems will simply connect you to the grid if your own panels aren’t able to provide coverage. While this isn’t typically a problem for states with net metering, as they’ll compensate you for excess electricity, states without it (such as California) would likely require a solar power battery to make solar worthwhile.
Solar batteries are a solution to this problem. The storage system allows homeowners to store extra electricity they collect throughout the day and then use the energy when it’s needed. This way, you don’t have to rely on the grid as much in the evenings or on cloudy weeks.
Other elements to consider about solar energy
We live in a world where technology is ever-advancing and our planet ever-changing. This is something that has to be factored in when determining if solar panels are right for your home. Here are a few more questions to consider about solar energy.
How sustainable is solar power?
Solar energy is considered one of the most sustainable energy sources. Unlike fossil fuels, solar power doesn’t produce greenhouse gas emissions during operation. Additionally, there are many advancements being made in recycling solar panels, as well as reducing the environmental footprint of the manufacturing process. If you’re looking for ways to help the environment and invest in your future, going solar is a great opportunity.
What is the future outlook for solar energy?
The future of solar panels is looking even more sustainable. Because of their long lifespan and ability to generate clean energy, the initial drawbacks are typically extremely outweighed by the good that can come from solar energy. Additionally, there are innovations in energy storage, such as improved battery efficiency, which will help address intermittent power supply issues.
Ready to learn if you can benefit from solar energy?
Schedule your free, no-pressure consultation with one of our Solar Experts. They’ll walk you through your flexible payment options, your customized system design, and answers to all your questions.
