Solar Energy for Your Home: Is It Worth It to Make the Switch?

Solar energy is a considerable investment, but is it worth it? Keep reading the learn the major solar energy pros and cons.

An impressive 46% of homeowners in the U.S. have considered having solar panels installed on their homes, according to a recent Pew Research Center survey.

Have you also thought about making the switch to solar energy, but you need more information first? If so, you’re in the right place.

Read on to learn about all the solar energy benefits and potential drawbacks you need to consider before making the decision.

Environmentally Friendly

Solar energy is a renewable and sustainable resource. Solar panels help to reduce air pollution, too. 

Solar power can significantly reduce greenhouse gas emissions such as CO2. Making a switch to solar energy can also cut down on pollutants like nitrogen oxides, sulfur oxides, and particulate matter.

Increases the Value of Your Home

In several states, installing solar panels can increase the value of your home. At the beginning of 2020, California became the first state to require solar panels on any new homes. According to state estimates, this could help homeowners save a whopping $19,000 over thirty years.

There has been a definite increase in the demand for green living, and many buyers seek out energy-efficient features.

Works Anywhere

You may have heard that solar only works in sunny areas, but solar can benefit homeowners anywhere.

One hour of noontime summer sun is enough to cover the United States’ yearly electricity demand. Even areas that don’t see as much sun, such as Alaska and the Pacific Northwest, can benefit from solar.

Reduces Energy Bills

Homeowners and businesses alike can benefit from lower electric bills when they switch to solar. How much you can save depends on a few factors, such as how much energy you consume and how much your system produces.

Still, you can save by relying on solar power rather than your utility company. Power from the sun is free, and you only need your utility company when you need a backup source of power.

Tax Credits

In some cases, you might be able to claim tax credits for installing solar panels on your home. There are state tax credits and federal tax credits. Taking advantage of these offers could help you get a little money back on your investment.

Research the top solar companies near you to find the best deals and learn more.

The Potential Drawbacks

Unfortunately, solar energy isn’t a perfect solution. Now that we’ve covered some pros, it’s time to consider the cons.

Before choosing to install solar panels, you have to consider your budget. It can be expensive to install solar panels, and not everyone can afford it.

The system itself plus the installation can cost between $15,000-$25,000 on average.

Sunny states like Texas, California, and Arizona can benefit the most as they average more sunlight hours. Your home’s position in relation to the sun as well as its roof style matter. You also need enough space on your roof for the system.

Is Solar Energy Right for You?

Now that you’ve weighed some solar energy pros and cons, you can make an informed decision about whether solar energy is right for you. There’s no doubt there are plenty of benefits to the power of solar, but there are some downsides as well.

Consider your home’s position in relation to the sun, where you live and how much sunlight you get, and whether you have the budget for a solar panel system. If you do, you can reap all the rewards of this green energy solution.

For more tips on making the most of your home, check out our other posts on household advice today!

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