Should you install solar panels? Let’s uncover the pros and cons

Solar power is a sustainable energy source plentiful in sunny locations, and it functions by transforming sunlight into usable energy in the form of heat or electricity. You may think, are there any solar projects near me? Installing a solar panel can decrease your reliance on fossil fuels, which protects the environment and boosts your air quality. Besides, if you do the maths, you will realise that it can save you between $25,000 to over $110,000 throughout its lifetime. When facing unpredictable electricity bills, it definitely makes sense to switch to solar panels, but on the other hand, if you’re renting or paying low electricity bills, a solar panel may not really be the best option for you. Below, we will explore the pros and cons of installing a solar panel, so read on. 

Benefits of a solar panel

As mentioned, for some homeowners, investing in solar panels makes a lot of sense, especially if they live in a location with abundant sunlight or have high electricity bills. Here are some of the advantages that a solar panel can provide: 

Reduces electric bills

When installing a solar panel, you can expect a dramatic reduction in your electric bills. This is because solar panels generate renewable energy during their 25-30 lifespan, meaning every kWH of solar used for powering your home translates into one less unit you buy from the utility. While that doesn’t mean you won’t need utility-produced electricity, you will rely on it far less than you would without a solar panel system. 

Going solar gives you energy independence, saving you from tumultuous electricity costs. Over the last decade, electricity prices have risen 2.8% yearly on average, with fossil fuels representing the main source of utility power. As long as this stays the same, electricity prices will experience volatility because of their dependence on foreign policy and other unforeseen market factors. Thankfully, choosing to go solar can protect you from increased energy costs as it helps reduce your utility demand. 

Lowers greenhouse gas emissions

Solar energy creates renewable power directly from the sun, making it abundant and ensuring that no carbon emissions are produced. 

Unfortunately, around 60% of the electricity produced by power plants comes from coal and natural gas, which can lead to issues associated with climate change and global warming. Solar energy decreases greenhouse gas emissions because it no longer relies on fossil fuels and doesn’t directly release pollutants into the water supply and atmosphere. Even when you compare it with nuclear energy, solar is incredibly beneficial in terms of environmental impact.

Improves your home value

Home buyers are likely to pay more money if a house has solar panels installed. This is because solar panels are considered a major upgrade, similar to a kitchen renovation or a finished basement. 

To be more specific, they sell by 4% more than homes without a solar panel installed, and it’s easy to understand why – after all, who wouldn’t prefer living somewhere with cheaper monthly utility bills? Even if you won’t live in the home forever, it’s possible to earn back your investment and some of it when selling the home. It doesn’t matter if you’ve been living there for years or have recently moved – opting for a solar panel is an excellent investment for most homeowners. So, it’s clear that you will get a big advantage when making this investment, but we recommend hiring solar panel installers Cornwall rather than trying to tackle the project on your own. Not only could doing it yourself lead to harm, but you could also damage the building in the process if you aren’t experienced, which is why it’s better to leave the job in the hands of professionals. 

Requires little maintenance

If you choose a reliable company to help you install the solar panels, you won’t have to worry about their maintenance, unlike other energy production forms. Since there are no moving parts, the panels may only require cleaning from time to time, generally after inclement weather or snow. 

In general, they need maintenance 2-4 times a year, but it’s recommended to discuss installing your solar panels with the professionals to verify the specific maintenance care required. 

Cons of solar panels

While solar panels’ benefits are undoubtedly fantastic, there are also downsides to be aware of. 

High upfront investment 

One of the most significant disadvantages of a solar panel is the initial cost. On average, you may need to invest around $16,000 for a 5-kilowatt system, but it’s worth noting that some solar panels can exceed $35,000. There’s no such thing as the exact price you will pay, as it depends on different factors, such as home size, geographic location, solar installer rates, and the solar system size. You need to remember that the investment for a solar system doesn’t only involve the panel costs. However, the good news is that the investment for a solar panel has reduced by over 50% in the last decade. 

Also, if cost is the problem, you may opt for leasing options to decrease your initial outlay. However, remember that if you decide to buy, you will need to live in your home for a specific number of years before the system can pay for itself, so this is a long-term investment that makes more sense for property owners rather than for renters. 

Need for sunlight 

Solar panels cannot generate electricity without sunlight; they won’t be efficient during gloomy days and storms. If you live in a place with severe cold weather, chances are, you won’t fully get the advantages of solar panels. 

Not to mention that they don’t work at night either, requiring you to pull electricity from the grid. Now, this doesn’t pose a problem if you live somewhere with net metering; however, if the utility doesn’t offer any compensation for the excess electricity, a solar battery will be needed. 

Difficult to find 

Given that solar is a fast-growing market, many companies need more aggressive sales tactics; thus, shopping for it can be confusing and stressful. 

However, if you want to feel in control, the good news is that there are easier ways to shop for solar, such as using an online marketplace that enables you to compare solar quotes from reviewed installers in your area. 

It can also help to speak with a local installer about your roof space, daytime electricity use, and whether battery storage may be worth considering. For Queensland homeowners exploring those options, Qvolt Solar provides local solar and battery information.

 The bottom line

While going solar is worth it for homeowners who want to save money on electricity bills and decrease greenhouse gas emissions, weighing the pros and cons and seeing if such an investment makes sense for your unique circumstances is essential. 

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Becky

Meet the award-nominated UK lifestyle blogger behind Spirited Puddle Jumper – a mum of three living in South East London! Becky shares the real ups and downs of family life, parenting tips, and lifestyle inspiration, proving that being a mum doesn’t mean you stop being fun or having other interests! Follow along for honest insights into UK family life and opinions on a whole range of topics, from travel and food, to beauty reviews, home and DIY, business and health and wellness.