While solar energy is highly recommended, it is not the best solution for every person. Though it’s ultimately cheaper and more sustainable compared to utility power, it also needs a huge investment up front. Also, it does not work for all types of roofs or properties.
That’s why you need to weigh the pros and cons of a solar panel system. Here are a couple of benefits and drawbacks of solar energy, from solar panel cost to energy independence.
Con: It Isn’t Right for All Properties
Not all properties are an ideal fit for solar panel systems. A couple of properties are just too cramped to look for any space to build a system. Some are covered in shade and will not obtain the required sunlight to produce enough energy.
Though there are technologies such as custom racking and shade optimizers to lessen these concerns, they only accomplish so much. If you do not have anywhere to put the panels, it is going to be an actual issue to make solar work for your house.
Pro: Get Rid of Your Electric Bill
If you’re a homeowner, you will probably like one less bill coming out of your paycheck, right? you can greatly lower or totally get rid of your electric bill with a properly-sized system.
You will still enjoy lowered electricity expenses from the moment you turn on your solar panel system, even if you extend your payback period by getting a loan.
This is perhaps the most thrilling part of solar for a lot of individuals. Once they turn on the system, they can watch their electric bill slowly vanish.
Con: It is Costly Upfront
Without a doubt, solar is costly upfront. You may need to spend around $7,000 to $11,000 to build a system that will power a regular house. The price greatly depends on the products you pick.
Of course, this price does not include the cost of installation and shipping.
However, you’ve got to keep in mind that you are spending money upfront for at least 20 years of energy production. You’ll break even on the investment in the long run. Then, you’ll start making money. However, this does not change the fact that not every person has a lot of money to buy the system they need.
Pro: Energy Independence
Almost every individual traditionally rely on the utility provider to supply them with electricity. However, if the company goes down, you might feel helpless without power for a long period.
If you’ve got a solar system with energy storage, you can continue producing power during emergencies. This peace of mind is crucial if you live in an area with an unreliable utility company.
In addition to that, utility power also limits individuals who want to live off the grid. Solar could produce energy where it will be too costly to run power lines.
When you’ve got total control over how and where you generate electricity, it can be liberating. Also, it feels great to have your own power with electricity costs slowly rising.