The popularity of solar energy is increasing rapidly as more and more homeowners decide to use solar power. As such, you might consider installing solar panels on your roof.
However, before switching to solar power, you must consider the pros and cons of using solar panels. Undoubtedly, using the sun as an energy source can reduce your household’s carbon footprint and monthly electric bills.
However, switching to solar energy is not always the right decision for all homeowners. That said, read below and take a closer look at the advantages and disadvantages of solar panels.
The good news is there are a lot of advantages to using solar panels.
#1. Energy Independence
Just to let you know, solar panels utilize photovoltaic cells to channel or exploit the sun’s radiation. Once the radiation becomes alternating from a direct current, the solar panels delegate your household to use the energy.
As a result, you get possession of a renewable energy source un-prepossessed from the utility company. Therefore, allowing you to save money compared to using conventional energy sources for your home’s power needs.
Moreover, you’ll earn more on your investment by selling offsets. Several states and provinces let you sell unused energy back to the local utility institutions, which should acquire some of their power from green energy sources.
Additionally, if your local energy source suffers from a power outage, you can keep your household powered by using the energy accumulated in solar panels. Solar panels give homeowners excellent financial flexibility and power stability not usually found in conventional sources.
#2. Boost Your Home’s Value
Solar panels add a resale value to your home and have become a desirable selling feature. Also, it says households with solar panels can sell faster than houses with conventional energy sources.
Solar-powered homes are becoming more attractive, and putting in the best panels can undoubtedly increase the resale value of your home.
#3. Cleaner Energy Source
Solar panels are green energy sources that don’t pollute or defile the environment. Installing solar panels on your roof decreases your adverse environmental impact and reduces greenhouse gas emissions.
Energy sources from fossil fuels, coal, and whatnot tend to produce a lot of pollutants. On the other hand, solar energy doesn’t produce any pollution. Thus, by far, the most eco-friendly way to power your household.
#4. Tax Incentives And Rebates
Over the years, the government has established many plans to reward homeowners who have installed solar panels on their roofs. And this includes tax rebates and incentives. Many solar companies and establishments like solar panels in Ontario promote solar panel usage through the said program benefits.
Because of this, a few significant and unique ways to redeem a portion of your solar panel’s investment.
#1. Over the Budget
Solar panels cost has dramatically declined in the past decade. However, you should know that the average price runs between 15,000 to 25,000 dollars which might be over your budget. Although these costs will gradually decline yearly, you still need to set money aside for the system price, permits, and contractors.
The good news is that there are significant ways to cut upfront costs. For example, consider renting or financing your solar panels. By doing so, you factionalize the expenses into more viable monthly payments.
However, if you rent out your solar panels, you are not eligible for the tax incentives. Moreover, several states provide bonuses for installing solar panels.
#2. Requires The Right Roof And Environment
When you think about installing solar panels, your roof is an important consideration. The boards won’t get enough sunlight to harness the power if there’s much shade from nearby buildings or trees.
Also, you need to take the possible regulations in your area into your account. For instance, if you reside in a neighborhood with a homeowner’s association, you must ask for approval first before putting up a solar panel.
Remember that it’s not a guarantee or a sure bet that they’ll let you have one. On the other hand, if you live in a place without a homeowner’s association, you still need to verify with your city because most cities require permits.
Read more: How To Choose Solar Panels For Your Home.
Of course, solar panels have a lot of benefits to offer. However, they may not be the best option in every situation, especially with the high costs and bureaucracy associated with putting them. The good news is that there are other ways to benefit from renewable energy without the high prices. For example, you can use community solar or portable solar chargers, which cater to your needs.
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