Did you know that the sun can provide enough energy in one hour to meet the entire world’s energy needs for a year? Without a doubt, the sun is a powerful source of energy, and even if we can only use a small amount of it, installing commercial solar systems Melbourne-wide might have a significant global influence. Many people have criticized solar energy for being excessively expensive or inefficient, yet it has since proven to be very beneficial for the environment and the private economy.
Advantages of The Solar Energy
Reduces Power Bills
This top benefit of solar panels is simple to understand: by installing solar power for your home, you create your own electricity, rely less on your electric company, and pay less in electricity bills each month. In addition, while the price of solar has dropped by more than 70% over the last ten years, the price of power has increased by roughly 5%, and this upward trend in electricity prices is anticipated to continue. In the face of these escalating prices, going solar can help you regain control.
Reduces Carbon Emissions
Solar energy is a clean, renewable source of power that can help reduce greenhouse gas emissions, including carbon dioxide, and lessen the human effects on the environment. Solar energy, in contrast to conventional fossil fuels like coal and oil, does not directly result in the discharge of pollutants (such as carbon dioxide) into the environment and water supply. Solar energy is the most environmentally benign option, even when compared to nuclear power.
Disadvantages of The Solar Energy
Roof May Not be Suitable
It can be challenging for solar contractors to work with certain roofing materials used on older or historically significant homes, such as slate or cedar tiles, creating a barrier to solar electricity. In addition, skylights and other rooftop modifications like roof decks are common in residences and apartment complexes, which can complicate or increase the cost of solar installation. However, in the long run, this shouldn’t prevent us from utilizing solar energy on a large scale.
Not Ideal For Moving
Although solar is a wise financial decision, it may take some time before it achieves the point so frequently hailed by industry sales representatives. The average period for solar panels is typically seven and a half years. Installing solar panels on one’s roof may seem like an unwise expenditure to a young homeowner who plans to move in the near future. However, as you’ll see later, solar can actually raise the value of your home, boosting your profit when you decide to sell. Therefore, this drawback of solar energy can be easily avoided as long as you plan to acquire your system with cash or a loan.
The amount of money that homeowners must spend out-of-pocket for solar is a topic of discussion around the country. Tax credits, rebates, and the financing method you select will all affect the final out-of-pocket cost for a solar panel installation. The short answer is that if you don’t qualify for a zero-down solar loan, the up-front cost of solar is significant. You can easily find a figure for the average cost of solar in your state or even a personalized estimate for your property.