Why Solar Isn’t For You
With energy prices on a steady march upward, it’s no wonder so many homeowners are considering solar energy. Many state and local governments are starting to use rebates and tax incentives to entice people to install solar panels on their roof. On the surface, it can seem like a no-brainer to make the switch to solar energy. But, the fact may remain, solar power isn’t for you. There are several distinct disadvantages you need to consider before you decide to install solar panels on your roof. So, why isn’t solar energy for you? We’ll explore the significant cons below.
1. The initial installation costs can be intimidating.
Depending on where you live, your total out-of-pocket costs can be substantially lowered based on rebates, tax credits, and financing options. But, the initial installation costs of a solar panel system aren’t cheap. The average prices of a standard solar panel system in the U.S. is around $13,000, after tax credits and rebates. For medium to larger systems, costs can range anywhere from $17,000 to $21,000 and above.
If you don’t qualify for a 0% down solar loan, these initial costs can be prohibitive. When over half of all U.S. citizens don’t even have $1000 on hand to cover an emergency, it’s clear that not very many people have the money to invest in solar panels. However, there are many solar financing options available where homeowners can get state-backed loans, leases, or power purchase agreements to significantly lower these upfront installation costs. Also, solar installation costs go down year after year. Since 2017, solar installation costs have decreased by 6%.
2. Comparing quotes from high-quality local installers isn’t always easy.
The solar energy industry is growing fast, and unfortunately, it’s become a bit of a gold mine for aggressive sales people. For many prospective buyers, it can be challenging to find local, legitimate companies and you can rely on. It’s important to work with a established solar company that is going to be around for years to come. Encōr Solar has grown into a nationwide company and our panels come with a 25 year warranty to help protect your investment. You can trust our sales representatives and installers to provide an exemplar experience.
3. Your roof type negates any possible solar energy savings.
Certain roof types can make it difficult to impossible to install solar panels, mainly slate or cedar shingles. Also, skylights or roof decks can increase the cost of installing solar panels. Solar panels are connected to a mounting system, called ‘racking’ to your roof. If there are obstructions, then it’s going to be difficult for an installer to put the panels on without damaging the existing structure or the new solar panels. Also if your roof is shaded, then solar panels aren’t going to do you much good.
However, for homeowners with a less-than-ideal roof situation, there are options. You can take advantage of ground-mounted solar panels or participate in a community solar garden.
4. Your energy costs are already low.
Reducing your energy costs is the most significant benefit to installing solar panels. If your energy costs are already low, then solar panels aren’t going to offer you any significant cost-savings. If you average out all over your power bills through at the year and your average is below $80 per month, then solar savings may not be significant enough for you.
5. You plan on selling your house soon.
Solar panels are an excellent investment in the value of your home and your finances. But, it takes several years before you can break-even on your energy savings. This is called the ‘payback’ period. For the average U.S. homeowner who installs a solar system, the payback period is seven years. Installing a solar panel system will improve the value of your home, but it really only benefits you if you’re planning on staying in the home for a few years to get the added equity that comes from solar. If you’re going to be moving soon after installing the system, you won’t get many of the advantages associated with reduced energy costs.
But what if none of these cons apply to you?
If you’ve got an ideal roof, you plan on staying in your home for a few years, and you spend too much on traditional energy costs, installing solar panels is a no-brainer for your situation. Installing a solar energy system will reduce your energy costs, and after the payback period is over, you’ll start to save a lot of money on your monthly bills. Plus, your system will begin to generate energy and will pay you back on your investment in either cash or bill credits from the energy company.
Another massive benefit of installing a solar panel system is you will reduce your carbon footprint. If more and more homeowners invested in solar energy, it could help reduce fossil fuel consumption and lessen the strain on the environment.
If you live in an area with high energy costs, installing a solar panel system will make your home extremely attractive to prospective buyers. A solar panel system will increase the value of your home. Even if you have to move before the payback period, chances are you will earn back the money on your investment.
While rooftop solar panels aren’t the best fit for every homeowner, installing a solar system is a still a low-risk investment for people who live in an ideal climate. The U.S. is slowly moving toward cleaner sources of energy, and solar power is one of the most cost-effective solutions for reducing the nation’s energy consumption and carbon footprint.
Do you know what you could be saving with solar?
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