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Pros and Cons of Going Solar

Oct 29, 2021 | Common Mistakes, Solar, Solar 101

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With its rise in popularity, we’ve all heard the benefits to going solar. But everything has its pros and cons. Solar is more affordable and impactful than ever. But you shouldn’t make a decision based on increasing popularity. Going solar is a big decision, so you’ll want to make sure you’re weighing out the benefits.

Pro: Solar is available everywhere

As long as the sun is out, solar panels are able to function. Recent technological developments have designed solar panels to withstand all the elements. Even in the coldest and snowiest conditions, solar panels are able to function. No matter where you are, solar power may be available to you.

 

Con: Solar isn’t for everyone

Although you can install solar in any climate, not every home is eligible for solar. Some homeowners may not have enough roof space. And some may not have an energy bill high enough to make the switch to solar worthwhile.
 
Your roof’s characteristics are crucial when going solar. Those with wood or slate roofs are not advised to go solar because of how brittle the roofing material is. Surrounding objects, such as trees or other buildings can block sun exposure. Even the direction your roof faces factors into whether you qualify for solar or not. But you most likely will not be able to tell if your roof qualifies on your own. That’s why it’s important to get a professional evaluation before going solar.

 

Pro: Solar saves you money

Having a solar panel system can make your energy bills a fraction of what you were paying before. Majority of homeowners with a solar panel system can save more than 90% on their monthly energy bills. As an incentive to go solar, the Solar ITC (Income Tax Credit) is available until the end of 2023. For solar systems beginning construction in 2021 and 2022, you can receive up to 26% of your system’s pricing as a credit. This percentage will drop to 22% for projects starting in 2023, and will drop to 0% in 2024. While you should take your time deciding to go solar, taking advantage of the Solar ITC is something to keep in mind.

Con: Solar doesn’t get rid of your energy bill

A common misconception is that going solar completely gets rid of your monthly energy bill. While solar can drastically reduce your costs, it does not mean you’ll never have to pay a utility bill again. These bills can be around $25 a month on top of your system cost if you did not pay in cash. This may seem a bit disappointing, but the savings going solar will still outweigh the costs of relying completely on your utility company for energy.

 

Pro: Solar increases your home’s value

Not only can solar save you over time, but having a solar system can increase your home’s value by about 4% depending on location. The National Renewable Energy Laboratory (NREL) found that every dollar saved on energy through solar increases home value by $20. Especially in areas that have frequently experienced power outages due to extreme weather, solar is starting to become more and more appealing. As more people are becoming interested in solar energy, the value of your home will definitely increase.

 

 

Con: Solar has a high upfront cost

Of course the savings come with a price. Typical solar systems will cost upwards from $15,000 depending on your location and your system’s requirements. However, there are plenty of financing options to choose from to suit your needs. This initial cost is offset by your reduced energy bills and increased home value. Usually solar systems last 2-3 decades, giving you enough time to make a return on your investment.

 

Pro: Solar gives you energy independence

Lastly, one of the major benefits is giving your home an opportunity to be free from the grid. Since you make your own energy with your solar system, your utility bills won’t be affected by sudden price surges by your utility company. Utility prices are predicted to increase by 1% after this year, which may not seem like a lot. But the way crude oil prices are increasing, our energy pricing is expected to increase as well.

If your system has a solar storage battery, your home will not be affected by neighborhood blackouts or bad weather. Having a storage battery is a great way to completely take control of your energy. If your home needs more energy than it can produce, it can always take it from the battery instead of pulling that extra energy from the grid.

 

We hope to clear up any misconceptions and misgivings you may have about solar. Making a decision as major as going solar requires some deep thinking when weighing the pros and cons. For further questions and concerns, please don’t hesitate to reach out to us at support@joingondola.com

 

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