Home Improvement

Solar Power Pros and Cons in 2022

Share the love

A lot of homeowners and business owners are switching to solar energy. It’s becoming more and more prevalent each year. In fact, federal and state governments are incentivizing solar installations by providing valuable perks.

However, the average cost to install a whole-home solar power system is between $15,000 and $25,000. These costs will vary depending on where you live, how much power you need to generate, and what company you hire.

Regardless, you have to ask yourself, “Is solar energy worth the investment?” What are the pros and cons of solar power?

We’re here to help you answer these questions. Keep reading for everything you need to know about your solar investment.

Solar Power Pros

While exploring solar power pros and cons, we must acknowledge that every step taken toward renewable energy is a win for the environment. Our current method of burning fossil fuels to create energy produces harmful gases that are destroying the ozone layer. They’re also creating toxic pollution.

Money Savings

The planet is not the only thing you’ll save by working with a solar company like Blue Raven Solar. You also stand to save a lot of money.

Most homeowners who invest in a whole-home solar energy system can completely eliminate their monthly energy bills. This means saving over $100 every single month.

Furthermore, a solar installation will add value to your home. You’ll make more money if you ever decide to sell. If you don’t sell, you can use the positive equity for other purposes, like paying off high-interest debt or taking out a HELOC.

Federal and State Incentives

Uncle Sam will give provide a 26% tax credit based on the cost of your solar installation. For every $1,000 you spend on our solar power system, you’ll get $260 worth of tax credits.

Additionally, every state has its own rewards and incentives. These include things like:

  • Net metering
  • Property tax exemptions
  • SRECs (solar renewable energy credits)
  • State rebate programs
  • And more

When weighing solar power pros and cons, these state and federal benefits make a strong case for solar installation.

Solar Power Cons

Now, it’s only fair to talk about the downsides of solar energy.

Depending on where you live, you may not be able to power your entire home all year round through solar power alone. During cloudy days and winter months, there will be less usable sunlight. Ultimately, your solar needs will depend on how much energy your household uses and how powerful your system is.

Fortunately, net metering programs allow you to earn credits toward your power bill by selling unused energy back to the power companies. Then, the energy you need from the power company during periods of low sunlight won’t cost you anything.

The other downside of solar is that you’ll have to be careful about your energy usage. Appliances with heating and cooling elements are energetically expensive. We recommend investing in eco-friendly appliances and electronics to reduce your household energy usage.

Do You Understand the Solar Power Pros and Cons?

As you can see, there are plenty of solar power pros and cons. The question you need to answer is whether or not the pros outweigh the cons. Is a solar installation a good idea for your home?

We hope we help you come to the right conclusion. In the meantime, look through some of our other articles to learn more about green energy, home improvements, and money-saving.

Read more:

Is a Hybrid Solar System Right for My Home?

Rooftop Solar Panel: A Smart Implementation


Share the love