You have likely heard about all the people who have installed solar panels on their homes. You may even have neighbors and friends with new solar systems. However, have you investigated solar panels and read about all the pros and cons? You may hesitate to invest due to a few cons you read about, but what if they were myths? These are five of the most common myths.
Solar Panel Energy Efficiency
As many solar energy companies will tell you, solar panels have significantly increased in efficiency since they entered the market. Today, you can choose a variety of efficiency levels. Most systems have a 15-23% efficiency level, while more expensive systems have a 40-50% efficiency level. The raw materials can impact efficiency levels and cost.
Solar Panels Don’t Work in the Rain or Snow
You may have heard that solar panels don’t work when the weather is cloudy, rainy or snowy. However, the only time they do not work is when the sun isn’t out at night. You may also have heard that they do not work when the weather is too cold. In addition, some say that panels don’t work unless your roof is facing just right. New panels use direct and indirect sunlight and diffused light to generate power.
Solar Panels Are Expensive
Do you worry about the investment costs, particularly the initial investment for the equipment and installation? Solar panel price is on average $16,000 to $25,000.
However, this cost does not take rebates and incentives into account. This is a cost reduction of up to 80% from systems installed 10 years ago. This reduction is largely due to improved technology, competition and better financing terms.
Battery storage systems can increase your initial costs, but if you share your excess power with the grid, you can also receive compensation or reduced utility bills through net metering options.
Installation Is Complicated and Could Ruin My Roof
If you have a good roof that can support your panels, your installation should be no more than six hours. You will likely need a professional to install them and hook up the electrical safely. In addition, solar panels protect your roof. Due to the way installers mount them, they can also easily remove them.
Solar Panels Have Short Lifespans
Initially, the payback period of your solar system may have been longer than the panels’ lifespan. However, today’s panels should last up to 30 years or more. They require only minimal maintenance and are durable, weatherproof and lightweight. Many system components also have warranties.
Florida
If you live in Florida, you are in a great position to invest in solar power. Not only does Florida have up to 240 days of pure, intense, direct sunlight, but the state and many municipalities have incentives you can take advantage of. In addition to federal tax incentives, where you can take your equipment and installation costs off on your taxes, you can access grants and rebates that reduce our solar costs. In addition, you can reduce your property taxes, and you don’t have to pay sales tax on the system costs. You can also access loans with favorable terms.
Contact local solar panel companies to learn whether the information you have heard about solar systems is true or a myth.
