- Renewable energy
One of the most significant benefits of solar panels is that they are fully renewable. It is available in almost all corners of the world and cannot be depleted. Solar energy is accessible so long as the sun is available. According to scientists, the sunlight will be around for the next 5 billion years, meaning solar energy is dependable and reliable.
- Reduce electricity bills.
With the cost of electricity rising steadily, more and more people are looking for an alternative source of power that is cheaper but reliable. One of these options is solar power. It is affordable, clean, and safe. Supplementing your energy needs with solar can bring your electricity cost down significantly. According to experts, solar power can cut electricity costs by up to 30%.
- Improves your home’s value.
If you are planning to sell your home in the future, installing a solar panel can boost its resale value. Research has shown that most homeowners in the US prefer houses with solar panels. So, although it will cost you a lot to install solar panels in your home, you will benefit in the long run, especially when selling your property.
- It helps to reduce carbon emissions.
The world is becoming warmer each day as the rate of carbon emission increases. Solar power is one of the cleanest renewable sources of energy. Switching to solar power can help reduce carbon dioxide emissions, making the environment cleaner and safer.
- Durable and easy to maintain
Solar power requires very little maintenance to run smoothly and efficiently. Most solar installation companies give up to 25 years of warranty and free service of up to five years. This just shows that panels are durable, dependable, and also require low maintenance costs.
- High installation cost
One reason why most people in the US have not installed solar panels in their homes is that it is costly. Even though you will save a lot of money in the long run, the initial cost of installation is high.
- Solar power is mostly dependent on the weather.
Although modern solar panels can still general power even during rainy and cloudy days, they are still mostly dependent on weather. For instance, if cloudy or rainy weather persists for a long time, the amount of power that the solar panel will generate will drop. Solar panels depend on sunlight energy to produce power. So, if the weather is not favorable, then their efficiency is also reduced. They also don’t produce electricity during the night.
- Require a large space.
Solar panels require a lot of space hence ideal for homeowners with a lot of space. Remember that the more power your solar panel produces, the more space it consumes. So, if your roof is not big enough to accommodate the solar panels that you want to install, then it means that you have to give up on them or install fewer solar panels.
- Storing solar power is quite expensive.
Solar power needs to be stored in batteries so that the energy can be used at night. These large batteries are very expensive and also costly to maintain. As such, most people opt just to use solar power during the day and use grid power during the night.