5 Pros And 5 Cons Of Purchasing Solar Panels: Is It An Advantage?

Many of us are thinking about the price of solar, and maybe the solar installation process.  Regardless, you might have a home with a lot of sunlight, and solar companies are taking notice.

You might have noticed the uptick in phone calls from solar companies attempting to sell you the best price on solar panels.  Let's try to help you sift through the good, and the evil found throughout the purchasing of solar panels.    

First, on the good side, we know the facts about solar.  It's a fact that all solar panels, regardless of the quality of solar panels, you can be confident that they will lower your carbon footprint.   On the downside of solar panels, they can be expensive and need maintenance, and well, a few more things; however, we will attempt in this article to outline the significant pros and cons, and in the end let you make the decision on whether purchasing low-cost solar panels is good for your financial and energy needs in the future.  

The Primary Pros And Cons Of Solar Panel Energy

Let's Begin With The Pros Of Using Solar Panel Energy

1. Choosing solar panels can either significantly lower and in some cases completely irradicate your electricity costs.  Of course, there has to be a significant primary investment, but the timeline for covering the cost through savings met with these solar panel installations is typically found from 5-7 years.  This all happens because your solar panels are creating new, clean, energy.  In many cases, not solely for your home alone, but that adds power back into the power grid itself; feeding the energy needs to all people.  This kind of power feed can continue in the most cases over the general lifetime of solar panels; being 20-25 years usually.  

2. Getting great solar panels installed will improve the value of your home or business. Many people who are interested in taking advantage of the universally low-cost solar panels haven't spent a considerable amount of time taking into account all the factors surrounding solar panel installations. These blatant realities are hard to argue against, solar panels can save you money.  There are yes, many different working parts, however, once in place, all of these components should last long past your break-even point.  With all this being said, and due to this longevity of savings, installing solar panels can add value to any home.  Especially for homes well within the lifespan of general solar panels, you can expect that home to continue to supply the grid and the homeowner with clean, renewable energy.  This culmination of factors can be extremely beneficial to those who might be thinking about selling their home.  It is undoubtedly a great amenity to walk into as a new home buyer; that of purchasing a home with efficient solar panels with little or no electricity bills.         

3. A low-cost solar panel purchase can provide you money while you’re making back your investment. This pro might come as a surprise.  There are indeed a lot of incentives country-wide that can help people purchase solar panels at a great price. The energy created by your solar panels can garner a profit!  Utilizing incentive programs such as SRECs, otherwise known as solar renewable energy credits, a solar panel purchaser can stack-up credit for the power they create.  Using a net metering system in unison with this type of credit based solar energy exchange, one can create so many credits, that in some cases, people might get a check from the utility company.company.  In either case, this kind of mixture of incentive and solar metering situation can drive your utility bills down to zero.  This might be one of the most amazing pros you can find from your solar panel installation process. So in this way, solar costs may also be seen as an actual investment strategy, in the same frame of traditional stocks, bonds, etc.  

4. Going solar gives you power over rising energy expenses.  We all have experienced that energy bill sticker shock.  It was a hot summer, and we had the AC blasting 24 hours a day, when all of a sudden, wham, we receive the most expensive energy bill of our life.  The hard part is, until now, we have been at the mercy of the utility companies in order to maintain power coverage in our homes and business.  And, the energy market dictates our rates.  However, now that we have efficient solar panels as an option for generating our personal power needs, we can gain ground on our own determinant monthly expenses.  Since the introduction of widespread use of solar panel energy creation through-out the US, those with grid only homes, have experienced a jump in their energy bill.  But, with the use of solar panels, you can offset any raising of traditional energy costs, and save big through-out any conventional energy market disruption.  

5. Solar decreases carbon emissions and improves the U.S. move towards energy independence. In a world of vast traditional energy exchanges, the United States has been engaged with dependence with utilizing other countries for their energy products. The great news concerning solar is that using this type of energy production can create a situation where we can become a solely energy independent country.  This is a massive pro for the citizens of our nation by way of the economy. Through the lens of a citizen of our country, we may want to contribute to the betterment of us all.  This can appear to be even more important if you add this betterment to the entire planet.  Solar panel energy use can contribute to stabilizing climate change.  The use of fossil fuels has brought the temperature of the planet to a temperate level that has created some very negative outcomes and will continue to do so.  So, as a citizen of the United States, as well as the globe,  purchasing solar panels can help to improve the future economic prowess and carbon footprinting across our nation.  

What are the limitations of solar energy?  Let's explore the main 5 cons of solar power panels and purchasing.

1. Solar panels aren't for every kind of roof. Now, we have to talk about some of the cons. The first part of this downside puzzle comes with the variance of roof builds.  Not all roofs are equal, nor are they perfect for installing solar panel on top of them. When you are installing solar panels on your roof, you are actually "mounting" them.  This process is done by installing solar panel racks first, and like all things that are permanent changes, they have to be done with actual fastening.  When you rack a solar panel system on your roof, the solar panel installation process will require putting holes in the roof to fasten the racks.  If your roof is old these types of fasteners may damage your roof too much.  Also, sometimes the direction of the roof might not have optimal sunlight capturing direction.  This can also be a reason for a solar panel roof installation pass.  So, if you are still wanting to take advantage of the low-cost of solar that we are experiencing, and don't have the best roof imaginable, there are options.  You can still gain the benefits of solar power by having solar panels installed on ground-mounted racks instead.  

2. Solar isn’t a perfect choice if you’re about to move. There is no doubt that solar panels can be taken as a fantastic financial investment.  Now for those who might be moving soon, there can be a drawback witnessed. The upfront cost of solar panels might be substantial.  As stated earlier in the article, the common break-even point for what the total cost would be reclaimed after approximately 7 years.   If you are looking to sell your home in a time period below the average break-even time period, you may end up losing money.   This could be avoided, however, by purchasing a loan or other method.  We all need to find that rich break-even point for our solar panel purchase.  

3. If your power costs are inexpensive, so are your solar savings. The major advantage we can all see is that solar panels can help to provide us with some financial gains. Yet, if you live in an area where energy costs are very low, you might have a much more difficulty gaining back a strong incentivized savings outcome.  For people in states such as Louisana, the cost of traditional electricity is nearly 27 percent below the US average.  So, installing solar panels as some other places where energy costs are very high.    

4. If you can’t obtain solar financing, up-front costs can be scary and stressful. Any time we have to make a large purchase, a car, house, or addition, it can be stressful.  Mind that the total out-of-pocket price tag for a solar panel system is based mostly on tax credits, rebates, and the financing options. The typical cost of solar in your every state or even a personalized estimate for your home can be investigated and figured out with relative ease. For those of us who can't qualify for a no-money-down solar loan, the thought of spending a lot of money can be very ominous.   But let's be clear here, the major issue is that not all people have this type of money to spend on a singular item of non-necessity.  Yet, there are also many other options to explore when you are attempting to get a great price on solar regardless of your financial background.

5. Locating quality, local installers and easily matching quotes can be complicated. It can also be tough to find quality solar panel installers that can make your purchase lasting and a credible experience.   We all have the nightmare of weasily solar sales calling and pawning off uncredited solar panel installers. When you are getting pushed into a 20-year solar lease, this can be a very negative experience.  The solar energy market is full of people attempting to make a profit on a very sought after product.  However, you have to end up finding a great company to steer you the right way.  When it comes to solar installers, we at HahaSmart are making it possible for you to find the best solar installers in your area.  What we do is match your needs with several local solar installers who compete to get you the best price available.  

What have we learned from our examining our pro/con comparison of solar energy, there are some apparent takeaways?

The major take away here is a question you all should be asking at this moment.  Do the pros outway the cons?  We think that the information in this article has demonstrated the ability for you make that choice, and we have a hunch that your summation will drive you toward the idea that solar panel purchasing can be a great investment.  It's true, in the world of investment, a very low-risk product for saving and even, in some cases, making money for many people.   The United States and the globe over are seeking innovative ways to save money.  The solar energy industry is on fire, and the low-cost solar panels are there.  Despite Trumpian tariffs, we still can find some of the lowest prices on solar panels ever.  Also, and very importantly, you will be making a huge difference toward saving the environment.  You will be making a giant step and contribution by moving forward with your solar panel purchases.  

Here at HahaSmart, we can offer you some of the best prices on solar panels in the market, and, we can find you the best prices period on your solar installation.  We can all join the solar revolution together.  We have some of the best solar panels, solar inverters, and solar installers in the United States.  We have a great website with so many resources, jump in today and get the solar panels you have been dreaming about.

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