The Pros and Cons of Installing Solar Panels in Your Home
Did you know that solar panels cost 99% less than they did in 1977? The affordable pricing has many modern homeowners installing solar panels for green energy.
However, others often wonder if a solar panel installation would really live up to all the hype. Does having a solar home save money in the long run and what are the downsides?
The following guide will explain the pros and cons of Solar Panel Installation Toronto in your home. Read on to discover if the popular energy alternative is suitable for you.
Financial Pros and Cons
Solar panels can help reduce your energy bills and help pay for themselves over time. Homeowners can also sell solar energy back to the grid via net metering to help pay off their initial investment.
There are also different federal and state rebates and tax incentives to help lower the costs of solar panels. With that being said, the upfront cost might not fit every person’s budget.
You’ll need to buy the equipment and panels and then pay for installation to get your system up and running. It’s important to choose the best solar company in your area to install panels correctly for maximum efficiency.
Energy Production Pros and Cons
You can install solar panels almost anywhere which sets solar apart from other energy sources. Installing solar panels also helps limit dependence on fossil fuels and oils for a more consistent and predictable energy bill.
If the electricity in your city goes out due to severe weather, panels keep working because they only require the sun. Although, weather negatively affects the amount of energy your panels produce.
You might have trouble getting high production out of your solar panel system if you live in an area with a lot of cloudy days. The panels can still charge in cloudy weather, but sunnier states definitely benefit from solar energy more.
Longevity Pros and Cons
Solar panel systems don’t require much maintenance and typically last for 20 or more years. Some systems even have self-cleaning panels to boost their output and longevity greatly.
It’s almost impossible to transport solar panel systems to a new location once they’re installed. You would need to remove the panels from your roof which could cause serious damage to the home and panels.
Luckily, solar panels can increase the value of your home and attract more buyers. So, you can recover your costs when it’s time to sell and use the money to install a new system at your next property.
Is Installing Solar Panels Right for You?
Now you know several advantages and disadvantages of installing solar panels in your home. They can be a great long-term investment, but expect the upfront costs to be expensive.
Consider if your location’s weather is suitable for panels and how long you plan to live in your current home. Remember that solar energy works best in areas with consistent sun and that it might take a while to get a return on your investment.
Check out our home and design category for more fascinating information and helpful tips!