Are Solar Panels the Right Fit For You?
Right now, solar panels are more accessible than ever before in the United States. They’ve seen steadily growing popularity over the past twenty years with no signs of slowing down! Naturally, many homeowners are considering if investing in solar panels is worth it for their household. The answer to this common question lies in how long you plan to live in the home and how consistent your home’s energy usage is.
There are two different ways you can acquire and operate solar panels; leasing and owning.
Leasing panels is typically recommended to households that maintain a pretty constant energy load and are not wanting to pay the upfront capital cost. If your energy usage is more sporadic, purchasing the panels might end up making more sense financially. For example, if you live in a climate that requires you to use much more energy during the winter than in summer, you should avoid leasing panels.
Whether you’re leasing or owning panels, the key to making solar work for you financially is to maintain consistent use of energy over time. Even if you plan on buying panels, it’s crucial to consider how much you plan to stay home, how much you’d like to spend, and how much energy you use every month. All of this will affect the financial returns you could see from using solar panels. This also impacts the size of the panels which are typically measured by kWh.
Every situation with solar panels is different because no two households use the same amounts of energy in the same circumstances. It’s best to look at a zoomed-out approach when trying to decide if solar energy is right for your home.
There are several excellent pros for going solar. The first is that you will generally see some savings on energy spend over time when compared to gas and electricity. Second, solar energy is way more environmentally friendly for our planet than getting your power from the grid. Thirdly, you can be energy independent and paired with Tesla battery packs, even become a mini power grid yourself!
So what are some reasons a homeowner might not want to invest in solar energy right now?
When it comes to solar, it’s essential to remember that technology improves over time. Today’s panel will not be comparable to those in a decade. Additionally, the performance of panels degrades every year. Just like any electronics, consistent use will lower the efficiency over the years. Understand that the payback process is not a flat curve as the energy intake for year 1 will be much higher than it is in year 5.
Lastly, you shouldn’t install solar panels if your roof’s age would put them into jeopardy. Once a set of solar panels is installed, it becomes incredibly difficult to replace your roof. It might be tempting to do the opposite, but it’s important to understand that your roof is at the end of its life, stay away from a solar installation process! Choose to replace the entire roof altogether if you want to go through this path.
There are many elements to consider before deciding to go solar, get in touch if you have any questions!