Have you been wondering if it’s time to invest in solar panels? For most people, the advantages of solar far outweigh the costs. Here are some of the best benefits, along with the few disadvantages, to help you decide whether solar panels are right for you.
Benefits of Solar Panels
Solar photovoltaic (PV) panels have many benefits compared to traditional sources of energy. Here are some of the best advantages that solar panels have.
Lower Your Electric Bill
The best reason to invest in solar panels is that you can reduce – or sometimes eliminate – your electric bill. When you can harness the power of the sun, you no longer need to buy as much energy from the electric company.
How much money you save depends on a variety of factors, including your weather, the direction your roof faces, the number of panels you buy, and how much electricity you use each month. Talk to an expert to get an estimate of how much money you could save each month.
Earn Tax Credits and Rebates
We’re all looking for ways to save money on taxes. Did you know buying solar panels gives you a tax credit?
Solar systems sold in the U.S. are eligible for a 26% federal tax credit, and in many areas, you can find additional local, state, and utility incentives. That helps lower the cost of investing in solar PV panels for many homeowners.
Better for the Environment
Coal. Oil. Natural gas. All of these traditional energy sources are terrible for the environment, whether it’s contributing to smog, ozone depletion, or water pollution.
Nuclear energy and hydropower are problematic too, since they typically require dams, which wreak havoc on natural habitats for any number of animal species.
Reduced Dependence on Nonrenewable Resources
Oil, coal, and other nonrenewable resources will all run out eventually. More than that, though, these resources aren’t available in the same quantities around the world, leading to conflict when places that don’t have as many natural resources need to get them from other areas.
Are There Downsides to Solar Panels?
Solar panels do have some downsides, and they aren’t right for every home. Here are a few potential disadvantages of solar panels:
- Expensive. There is no getting around the fact that solar panels involve an upfront cost that can be too high for some people.
- Weather dependent. If you live in an area that’s often cloudy, you may not get enough power from the sun to justify the cost of solar panels.
- They can take a lot of space. The more electricity your home uses, the more solar panels you need.
Learn More About Solar PV Kits
The LeverEdge carries solar PV kits that are comprised of a selection of high-quality components from the industry’s leading manufacturers of inverters, modules, and mounting solutions to form a custom pre-engineered system.
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