As with any investment, there are both pros and cons to solar panels, but the benefits significantly outweigh any downsides for many people. The pros of solar panels include:
Financial Benefits.
The cost of installing solar panels may seem like a significant upfront expense that isn’t re-gained quickly, but they help pay for themselves with lower energy costs over time. In 10-15 years, the system will have paid for itself while giving you clean energy to power your home and save hundreds of dollars on electric bills. In addition, adding solar panels will increase the value of your home. Studies have shown that homes with solar panels sell for 4.1% more on average than homes without a solar panel system (https://www.zillow.com/research/solar-panels-house-sell-more-23798/). The decreased electric bills and the increase in home value will usually far outweigh any upfront costs that come along with purchasing panels installed at home. Now is also one of the best times to invest in solar panels for your home because it has become more affordable and accessible than ever before.
Economic Benefits.
Solar energy can positively impact the local economy by creating jobs, stability during natural disasters, and the stimulation of national and state financial incentives. Careers in the industry increase year after year as more labor is required to install and maintain solar panels. In addition, the usage of renewable energy helps reduce dependence on the grid, which can empower people to take care of their families and businesses despite power outages caused by hurricanes, floods, or fires. People can also take advantage of the many loans, grants, cash rebates, tax credits, and other financial incentives available to support people switching to renewable energy.
Environmental Benefits.
Since investing in renewable energy sources also helps reduce dependence on fossil fuels, we can positively impact our environment by taking advantage of one of the earth’s most abundant resources: sunlight. Burning fossil fuels cause greenhouse gas emissions that pollute the air, contribute to global warming, and harm people and animals. When we replace fossil fuel usage with green energy, like solar power, we can all help do our part to make the planet a better place.
Solar panels produce power based on the amount of sunlight the panels are exposed to and are unaffected by temperature. Sunny but cool days can generate just as much solar energy as hot summer days. Solar panel systems can be installed on rooftops or ground level to take advantage of natural light and avoid shading in a particular area. Since sunlight can vary based on the day or season, many homeowners add a battery to the solar panel system in order to store energy for use at night when natural light isn’t available, making them reliable even when conditions may not be ideal.
If you’re considering installing solar panels at your home or business, contact DFW Solar Electric to learn more: https://www.dfwsolarelectric.com/.
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Are you thinking about a solar panel system for your home or business? Give us a call at 972-827-7651 or click HERE to get a free, no-obligation consultation, and we'll perform a detailed analysis to help you determine which solar panels make sense for you.