Solar energy may be a revolutionary and increasingly popular solution among homeowners, but it does come with its own set of advantages and challenges. Here are some of the pros and cons of installing a solar energy system:
Pros
- Solar is a renewable and clean source of energy that protects the environment by reducing carbon dioxide emissions.
- It helps the U.S. eliminate the need for fossil fuels, therefore making us a more independent and self-sustainable country.
- By using renewable energy, you can see a significant reduction in your electric bill, or even eliminate it altogether.
- There are a number of incentives for using solar energy that allow you to earn bill credits or cash for the electricity that your panels create, making it a great long-term return on your investment.
- Recent studies have found that property values actually increase when a home has solar panels installed.
Cons
- Installing a solar panel system can be a sizable investment.
- If you already have a pretty cheap electric bill, you may not have much of a financial incentive for transitioning to solar energy.
- If you’re planning to move in less than 10 years, you may not see as much of a return on your investment as far as electric bill savings go.
- Depending on the type of roofing or rooftop additions your home has, you may not be able to install solar panels.
Source: Energy Sage
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