Are Solar Panels Worth It?

There is a huge demand for solar energy systems, with the industry set to be worth $607.8 billion by 2030. 

But is this just hype, or are solar panels worth it? Before you invest in a solar system for your home, you’ll want to know what advantages you’ll gain in return. 

You’ll be happy to learn that there are many benefits to installing solar panels, making them a great choice for many homeowners.

Let’s find out what they are. 

Lower Energy Bills

Energy costs have soared recently, making this the ideal time to look for more cost-effective ways to power your home. Even if prices drop, using solar energy could still be much cheaper than buying electricity from the main grid. This is one of the most popular reasons that people install a solar system. 

Many people find they can substantially lower their bills and some even make a profit. This happens when a solar energy system generates more electricity than a home needs, allowing the owner to sell it back to the grid. Rather than paying for electricity, you could actually receive payments to top up your income. 

Reduced Carbon Footprint

The importance of being more environmentally friendly is becoming more apparent every day. You probably already recycle your trash and you may avoid driving short distances if you can walk instead. 

Solar energy is a renewable resource, and there are no emissions or greenhouse gasses when using your panels to generate electricity. If you’d like to learn more about reducing your carbon footprint by installing a solar system, contact the experts at solcelletag.

Easy Solar Panel Installation

As companies have been putting in solar systems for many years, they are much quicker than when this was a new industry. It depends on the shape and size of the roof, but often solar panels can be installed in a single day.

However, this is not always the case and it may take several days if the process is more complicated. The contractor will be able to give you a more accurate estimated timeframe for installing roof solar panels when they visit your property. 

Long-Lasting Solar Panel Materials

You’ll be making an investment in your solar panels, so the last thing you want is to have to replace them in a few years. Fortunately, modern solar systems are made of robust materials. You can usually expect your solar energy system to last for at least 20 years. 

Although the panels may become less efficient over time, they should still be highly effective. You could also extend the lifespan of your solar system by maintaining it through some simple measures. 

This could include gently cleaning your panels with a garden hose when leaves or other debris gather on their surfaces. If you notice any cracks or signs of deterioration, calling a contractor as early as possible could help limit the damage.

Tax Incentives

There are federal and state incentives to encourage people to switch to using solar energy. Depending on where you live, this could add up to a considerable amount of money, making your solar system even more affordable. However, it may be best to get solar panels sooner rather than later as these incentives may become less generous as solar energy becomes more popular.

Before paying for solar panels, check what incentives or rebates you’re entitled to and see how much you can save. 

Are Solar Panels Worth It if You Need Financing?

You may think solar panels are only for those who have money saved up and can afford to buy a system outright. But this is far from the case. Most solar companies offer generous financing deals that allow you to pay for your panels in installments. 

This means you can take the money you’re saving on your energy bill and put it towards the cost of your solar energy system. Always ask a contractor what finance deals they can offer as it could be cheaper than you think to buy solar panels. 

Increased Home Value

If you’re selling your home, you could get a higher price if you can offer a buyer a preinstalled solar system. This is because the new owner will instantly begin to save on their energy bills when using solar energy. There is also the attraction of being able to live a greener lifestyle. 

This can be a brilliant selling point when showing a prospective buyer around your home. 

Protects Against Power Outages

This may not be such a problem in the larger cities, but some rural homes can suffer from frequent power outages. This can be frustrating and even dangerous. For example, you could trip and fall if you can’t see where you’re going when the lights go out, possibly resulting in a serious injury.

But if your home has solar panels, you can still use the energy created even if there are problems with the main grid. This will allow you to carry on with your daily activities as normal without having to wait for an engineer to restore power. 

Invest in Solar Panels for Your Home

The answer to ‘Are solar panels worth it?’ is a resounding yes! Investing in solar panels can be a terrific investment for your home.

Not only can you save on energy bills, but you can also be kinder to the environment. You may be entitled to tax incentives, and your home could increase in value.

Using solar energy could be one of the best decisions you ever make!

Now that you know all about the benefits of solar panels, check out more of our helpful blog articles.