Friday, May 1st, 2020
To be honest, there is no catch! As many products, there is no perfection. Solar has advantages and disadvantages, and those should be considered based on your personal situation.
While it can be time-consuming to surf through many websites to find the most relevant pros and cons of Solar Energy, we have gathered the most important ones for you.
As many of us know, solar energy is known to save money through reducing your electric bills. How does that even work? Simply, when you get solar power installed on your roof, you generate your own electricity, become less dependent on your electric utility, and reduce your monthly electric bill. On average, a solar system lasts between 25 to 35 years which means that you can cut your electricity costs for decades to come by going solar.
According to recent studies, solar was proven to increase the value of your home. Therefore, if you’ve been interested in installing panels but plan on moving in the near future, you will earn back your solar investment and then some when you sell your home.
(This advantage levels out one of the cons, that we covered in the article).
In addition to generating bill savings, earn back your investment thanks to awesome solar incentives in the U.S. such as the Tax Credit (Currently at 26% until 12/31/2020).
Many homeowners face anxiety about that ONE electricity bill that comes every month, as you can’t control your utility electricity rate. Going solar simply gives you control over rising energy costs.
Solar is part of green-living, as it is a renewable energy source of energy that helps reduce carbon dioxide emissions and lower our impact on the natural environment. Unlike traditional fossil fuels, solar energy does not lead directly to pollutants being released into the atmosphere and water supply.
Rooftop solar panels are installed by connecting a mounting system (also known as “racking”) to your roof. However, there are certain roofing materials used in older or historical homes, such as slate or cedar tiles that can be difficult to work with. Many homes have skylights or other rooftop additions like roof decks that can make the solar installation process costly.
While solar is a great financial investment, it can also take time to reach the break-even point. For example, a young homeowner who may be moving in the coming years and putting solar panels on his or her roof could feel like an unworthy investment. BUT! As already mentioned, solar improves your property value and therefore increases your return when you sell your home. This disadvantage can be avoided, as long as you plan to buy your system with a cash purchase or loan.
Not everyone has the cash on hand to make an investment with up-front payment. But there are many solar financing options to help you get around this solar con such as state-backed loan programs, leases and power purchase agreements.
Now that you have read the article and taken consideration of the pros and cons of Solar, we invite you to give us a phone call at 1-877-954-6473 if you have any concerns.
Don’t drive a final conclusion based on the Pros and Cons, but ALWAYS take the time to have a Free consultation to get the best help needed.
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