When you first consider installing solar panels, it can often feel like a daunting endeavor for a number of reasons. First and foremost, there is the monetary cost associated with such an undertaking. Panels must be purchased, installed, and in most cases connected to the existing electrical system. It’s a process which often costs upwards of twelve thousand dollars. Another consideration is maintenance, which usually costs somewhere around two thousand over the panel’s lifetime. Also, the majority of the investment is up front; if the system breaks early in its lifetime, it will be hard to recoup the losses even once the system is fixed. Take all of these factors into account and sometimes the system seems to be significantly more difficulty than it’s worth.
That isn’t necessarily the case.
On the monetary side, there are a lot of benefits that don’t appear on the price tag. Solar panels are exempt from any kind of property tax, but they often increase the overall value of a home. The majority of states also offer hefty incentives—usually in the form of tax credits—to early adopters, which can offset the cost by three thousand dollars or more. Some companies also offer a program which allows a home or business owner to pay for the system over time, like one would pay off a mortgage or a car. This enables prospective buyers to begin experiencing the benefits of a solar system even if they don’t have thousands of dollars to invest up front.
Solar is also a very consistent source of energy that requires limited maintenance and is otherwise free to access once a system is up and running. This means that after the initial financial hurdle is past, the system will almost always pay for itself in less than a decade, including the cost of maintenance. Past that point, the profits are as high as the majority of other stable financial investments, and can be significantly greater than some.
The benefits don’t stop at money, though. Solar energy is one hundred percent clean and renewable, which makes it a fantastic choice for anyone looking to reduce their carbon footprint on the environment. When the demand for electricity from utility companies is reduced, fewer fossil fuels are consumed, which means air and water pollution is also reduced significantly. Using solar panels to power an average American home is about as healthy for the environment as planting one hundred and fifty eight trees. Now imagine if even a fifth of American homes drew the entirety of their electricity from solar energy. That would be like planting more than four and a half billion trees. It is very difficult to put a price tag on a change so profound, but one thing is apparent; it’s worth more than paying ten thousand dollars for a solar panel system.
While at first glance the cost of a solar installation seems significant, the benefits are even more so. For one, the long term return on the investment is enormous, paying for itself within ten years and saving its owner money on utilities after that. It also provides a significant amount of protection from fluctuations in utility prices because it decreases reliance on fossil fuel companies. In addition, the benefits that solar energy provides to the environment by minimizing pollution and conserving fossil fuels are incalculable. The earlier that people invest in solar installations, the more rewards both they and the environment will enjoy. Why not be an early adopter and get into the market while it is still growing?