If you want to reduce your long-term energy costs, one of the best ways to achieve that is to install solar panels. The cost-benefit analysis shows that installing solar panels is both financially and environmentally responsible, despite the expensive upfront installation expenses.
Your electricity costs will significantly go down with the use of solar energy, not to mention enjoying the tax benefits. Since this approach increases the value of your home and is exempt from property taxes, solar panels are also excellent investments.
Pros
When choosing whether or not to install solar panels, always consider the numerous benefits of solar energy to take into account, including:
Lower power costs
Saving money can be achieved by switching to solar energy from conventional energy sources. Depending on your state, the size of your home, and your power use, you can save between $10,000 and $30,000 over the course of 20 years! Paying off a solar panel installation can lead to an astounding return on investment, unlike paying traditional utility bills. You have the ability to make money as you conserve by selling solar energy back to the grid.
Independence from energy
Unlike coal and natural gas, the sun is a limitless source of electricity, and solar panels can be established almost everywhere. You can lessen your reliance on foreign oil and fossil fuels by using solar panels, which will result in a more consistent and predictable energy cost, particularly during periods of high energy demand.
High Durability and Low Maintenance
Most systems endure 20 years or even longer. Solar panels and other equipment need little maintenance at that period. Your chosen company can assist you in determining the precise maintenance requirements. Additionally, as solar energy technology is constantly developing, solar panels of the same size from a year ago are now even more effective! Even finding a solar panel repair company is a walk in the park!
Cons
High starting price
Although a lower electric bill can be advantageous, the equipment, panels, and installation may cost more than AU$25,000. A transformer is required if you have direct-current devices powered by alternating-current sources. However, because these transformers aren’t 100% efficient, using an AC source has a higher running cost than using a DC solar panel.
Inability to move to another location
Unfortunately, a solar energy system is next to impossible to move once it has been established on a building, whether it’s residential or commercial. Though it’s not usually recommended, it is still theoretically possible to transfer PV solar panels if you move into a new home though. It would be necessary to remove the system from your roof in order to refit it to your new home, which would probably and seriously harm both your panels and your roof.
In conclusion, solar panels do have their ups and downs. But experts have always believed that the benefits have outweighed the downsides. If you want to know more about solar energy, simply visit this link.