Without a doubt, modern technology has greatly impacted the world. The energy sector, in particular, has seen several advancements that have redefined power generation and consumption. Currently, solar energy is a trending topic. It’s one of the fastest growing sources of green energy, and numerous people, companies and countries are going green with solar panel systems. Nonetheless, solar energy is not the ideal choice for everyone. Here are some key questions you must ask before you complete a purchase for solar panels.
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The cost of solar panels depends on the brand and retailer. However, the panels account for only a tiny portion of the cost of settling up a solar system. The remaining expenses include ongoing maintenance, labour for installation, and extra equipment such as inverters, metering equipment, solar batteries, housing components, cables and other wiring gear. As a result, your total investment accounts for more than the purchase of panels.
Generally, the overall cost of solar panel installation varies based on the type of panel used, home layout, energy requirements, and the size of the solar system. The typical cost ranges from $15,000 to $25,000. The bulk of the money goes to buying the panels, but the cumulative cost of installing adjunct components and using skilled labour takes a huge chunk. Nonetheless, the money used is not lost.
Solar panel systems have inherent benefits that make them an attractive energy source for many homeowners. Some of the benefits include:
You can always count on solar power since the sun never ceases to rise. Moreover, solar power is not vulnerable to cuts and rationing unless planned maintenance is due.
Solar energy is available everywhere, including in the most remote areas. Furthermore, solar batteries ensure users enjoy a steady power supply after sunset and on cloudy days.
Solar energy is free. The only caveat is the investment in solar generation components. Therefore, electric bills will drop to zero if you run a full-grid solar system. Sometimes, you may enjoy credits on your electrical bill if you feed the national grid with your power.
Unfortunately, the hefty cost of solar systems can outweigh the benefits. Therefore, examining several factors is important to answer the question, are solar panels worth investing?
Before installing solar, it’s critical to calculate your monthly energy consumption. If the readings are high and your area is subject to high electricity rates, moving to solar will most likely be a worthwhile investment. However, if the home does not require a lot of energy consumption to run daily, the savings may not be enough to cover the installation costs. Moreover, why move to solar energy if the national grid is generally cheap in your locality?
The architecture of the roof also influences the cost-effectiveness of solar panels. Firstly, the size of the roof determines the available space for solar panel installation. As a result, if you are residing in a small building, a solar installation may not be a worthwhile venture.
Moreover, the slope of the roof influences the installation process. Solar panels are best placed between 30 and 45 degrees. As a result, steeper roofs need more work and money to mount. Unfortunately, the resultant cost of installation may surpass the possible benefits.
The value of a solar power system is heavily influenced by climate and weather. People who live in areas that receive a lot of sunlight throughout the year benefit more from solar panels than others. However, solar panels may not be worth the investment if the residence gets a lot of shade from trees or other structures.
Solar tax credits and refunds are available at the state level for owners operating solar power units. Moreover, friendly finance options are available for solar units and homes running solar power systems. Therefore, it’s prudent to see if you are entitled to incentives before committing to purchasing a solar power unit.
Although solar is excellent, it’s not appropriate for every homeowner. Therefore, it’s crucial that you do some thorough research and consult experts on whether solar power systems are worth your investment.
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