Solar Energy Pros and Cons: Is Going Solar Right for You?
Weighing the pros and cons of solar can help you make the best decision for your home.
The solar boom is underway; the best solar companies are becoming household names, and the benefits of solar energy are taking the spotlight from oil, coal and gas. However, with so much literature to sort through these days, it can be tough to gauge the real solar energy pros and cons — especially since they're so dependent on the customer.
Though a sound investment, solar is a significant one, and we want our readers to fully understand the advantages and disadvantages of solar energy before making a purchase. Of course, using the sun as a renewable energy source can reduce your household's monthly electric bills and minimize your carbon footprint. However, there are some factors that make solar a little less valuable for some than others.
We'll go over the full pros and cons of solar energy in this article, but for many homeowners, the decision to go solar comes down to cost. To see how much solar panels would cost for your home, you can get a free quote from an installer near your by using this tool or filling out the form below.
Pros and Cons of Solar Energy: What You Need to Know
By installing a home solar system, you can use photovoltaic solar cells to capture and convert the sun's clean energy into electricity that can power your home or business. This can partially or completely offset the energy you'd typically purchase from your utility company.
While the advantages of solar energy are well advertised, there are also some drawbacks our readers should be aware of. Consider the following pros and cons of solar energy to help you decide if solar panels are worth it for your home.
Benefits of Solar Energy
Let's begin with the fun part — the biggest advantages of solar energy.
1) You can significantly reduce or even eliminate your household electric bills.
One of the most significant benefits of solar energy is also the most obvious: by generating your own energy, you can partially or completely offset the electricity you purchase from your utility. The average solar system lasts for two to three decades, which means most residents enjoy at least a decade or two of free energy after paying off their system with their energy savings and tax credit.
2) Going solar can reduce your carbon emissions.
The clean and natural energy harnessed by your solar system offsets the energy you'd typically purchase from local utilities. For the most part, local utilities carry a large impact stemming from the generation, transportation and distribution of electricity to your community. By using solar panels to generate your own electricity, you offset a portion of the greenhouse gases associated with fossil fuels, lowering your community's overall environmental impact.
3) Investing in a solar power system can increase the value of your home.
Homes with solar are becoming considerably more appealing, and installing the best solar panels can raise an estate's resale value by a decent amount. Note that this helps offset one of the primary cons of solar energy, which is the steep startup cost of solar panels — but more on that later.
4) Going solar can make you eligible for rebates and tax incentives.
Over the past couple of decades, the federal government has implemented numerous plans to incentivize solar energy, including solar tax credits and rebates. Many state governments have followed suit, particularly those where sun exposure is most consistent. Thanks to this, there are some significant ways to recoup part of your solar investment almost immediately. Again, this can help offset the initial cost of your solar panel system, allowing you to generate savings even before those utility reductions begin to stack up.
5) Solar + storage provides reliable backup power.
A solar battery storage system can provide backup power for homes in areas prone to power outages, which seem to be growing each year with the extreme weather brought on by climate change. With a backup battery like a Tesla Powerwall, you can keep your essential appliances powered during a prolonged outage. Even in mild weather, backup batteries let you store and use more of your solar energy, generating more savings.
Disadvantages of Solar Energy
Unfortunately, there are benefits of solar that won't prove effective for all homes. A few of the most notable disadvantages around solar include:
1) Not every roof can accommodate a solar system.
Solar panel installation requires you to have a certain kind of roof. If you have an older home, especially one with slate or cedar tiles on the roof, then you may not be able to buy solar panels for your personal use. Additionally, homes with skylights and other rooftop features may not have the surface area needed for solar panels.
If you don't have a lot of space or you're unsure about your home's solar capability, contact a local solar installer near you for a consultation. Most top solar companies will send out a representative free of charge.
Keep in mind that you can also install a ground-mounted solar panel system if you don't have a suitable roof.
2) Solar energy can be very location-dependent.
You can have a roof that's ideal for solar panel installation and still not be a good candidate for solar energy. Why? Because to take full advantage of solar power, you need to live in a place that gets consistent daily sun exposure. So, if you live in a part of the country that tends to be pretty cloudy, you may not produce the amount of energy necessary to justify your investment. Also, if your roof is partly shaded by trees or by neighboring homes, you may not get the best mileage from a solar energy system.
Location goes beyond just the amount of sunlight you receive, however. Some readers may live within the jurisdiction of a utility company without a favorable net metering policy. In the most unfortunate cases, utilities will charge hefty interconnection fees that can outweigh the savings solar provides.
3) Solar savings tend to correspond with energy bills.
The higher your electricity bills, the more energy you'll be able to offset with solar. But the inverse is also true: if you live somewhere with low utility costs, then the savings from switching to solar energy are going to be more modest. In other words, there are some parts of the country where the financial advantages of solar energy are going to be pronounced, and other places where those financial advantages are going to be nominal. It all depends on the cost of electricity where you live, and how much of it you use.
4) The upfront cost of going solar can be significant.
After adding up panels, labor, inverters and more, the average solar system investment ranges from $10,000 to $20,000. The specific number will vary according to the size of your home, if you need energy storage technology, your household energy use and the type of solar panels you choose. For example, if you make your own DIY solar panels, you'll cut down on installation fees, or if you want to get the most efficient solar panels, they'll cost significantly more.
There are plenty of ways to offset the cost of solar, including tax incentives, utility savings, increased home value and financing options. Still, there's no getting around it: Making the switch to solar is a significant investment.
5) Solar is getting more expensive with supply chain issues.
Worldwide supply chain issues have squeezed the costs of solar materials, shipping and labor. As a result, investing in solar in 2022 is proving a touch costlier than in years past. Still, solar technology itself continues to improve in efficiency and value while declining in price. We wouldn't recommend waiting to install a system, however, as the federal solar tax credit will be reduced in 2023 and will phase out altogether in 2024.
Weighing Solar Energy Pros and Cons
So, do the advantages of solar energy outweigh the disadvantages? Unfortunately, there's no easy answer here, as different homeowners may experience different levels of value when they make the jump to solar.
Before investing in a system, make sure you do your due diligence. Consider local sun exposure, the size and direction of your roof, local tax incentives and your own household energy expenses. Also, think about whether you want (or need) a solar battery.
Getting quotes from a few solar providers can give you more details about how much a new system will cost you. By weighing the pros and cons of solar energy for your home, you can make the best decision possible.
To get connected with a solar installer near you for a free consultation, you can use this tool or fill out the form below.
FAQ: Solar Energy Pros and Cons
When is solar energy a bad choice?
We aren't naive enough to claim that solar is always a good choice. For homeowners with low energy costs, shady roofs or insufficient space, the cost of solar can outweigh its benefits. Your location is important, too — not just in terms of sunshine, but also the financial incentives available to you. Check your local net metering policy and statewide and local incentives to see if you can save money on solar.
What are three disadvantages of solar energy?
The three biggest disadvantages to solar energy include:
- The long-term nature of the investment: Life happens. Things change. Unfortunately, transferring solar loans or leases over to new homes or homeowners can be tricky. Some solar companies charge to have the panels relocated, and not all new homeowners will accept the solar lease or loan should you wish to transfer it.
- Not every roof can accommodate a solar system: Small roofs, roofs with obstructions or roofs made with alternative materials can have trouble accommodating solar panels.
- The cost of solar: Purchasing 25 years' worth of electricity upfront can make a lot of customers uncomfortable — and we understand why! The upfront cost of solar won't be feasible for all homeowners. Luckily, solar leases, flexible loan plans and incentives are making solar accessible to a wider range of home and business owners.
What are the advantages of solar?
Solar panels provide a reliable, low-maintenance way to avoid the carbon dioxide emissions associated with conventional energy generation. In addition to the environmental benefits, solar typically provides a great deal of energy savings for customers weighed down by rising utility costs. When properly designed and installed, solar is one of the best and most sustainable investments you can make.Karsten Neumeister is a writer and renewable energy specialist with a background in writing and the humanities. Before joining EcoWatch, Karsten worked in the energy sector of New Orleans, focusing on renewable energy policy and technology. A lover of music and the outdoors, Karsten might be found rock climbing, canoeing or writing songs when away from the workplace.
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