Pros and cons of solar panels: Is solar energy worth it?

Edited by: Andrei Gorichenskii

Solar accounts for the majority of newly added electricity generation capacity in the US in the last few years. More and more people put up panels on their roofs. Is it good or bad? In this article, we’ll talk about the pros and cons of solar panels and solar energy.

Key takeaways

  • They save money on electric bills in the long run - most systems pay for themselves within 5-10 years, and after that, the electricity is basically free.
  • They're good for the environment - a typical residential solar system reduces as much carbon dioxide as planting 100 trees each year.
  • They increase home value - houses with solar panels often sell for about 4% more than those without them.
  • They're very durable - most solar panels last 25+ years and don't need much maintenance beyond occasional cleaning.

Main drawbacks of solar are:

  • They're expensive to install - initial costs typically range from $15,000 to $25,000, though government incentives can help reduce this.
  • They depend heavily on weather and location - panels work best in sunny areas and aren't as efficient on cloudy days or in regions with less sunlight.
  • They need quite a bit of space - a typical home system needs about 300-400 square feet of roof space.
  • Storage is costly - if you want to store solar power for nighttime use, adding batteries can cost an extra $10,000-$15,000.

Advantages of solar panels

Solar panels offer a clean and sustainable way to generate electricity, providing long-term savings and energy independence. In this section, we’ll explore the key advantages that make solar energy a smart choice for homeowners and businesses alike.

Savings on electricity bells

State Approx. 6 kW System Cost Electricity Cost ($/kWh) ROI Time (Years) Lifetime Savings
New Mexico
~$25,000
~$0.13
6
~$68,000
Hawaii
~$28,000
~$0.36
6
~$64,000
Rhode Island
~$29,000
~$0.22
7
~$61,000
Texas
~$22,000
~$0.13
7.5
~$62,000
New York
~$27,000
~$0.21
6
~$75,000
Arizona
~$19,500
~$0.12
7
~$60,000
California
~$18,000
~$0.22
5
~$107,000
Florida
~$24,500
~$0.14
10.5
~$56,000
Minnesota
~$31,000
~$0.11
11.5
~$59,000
Connecticut
~$27,000
~$0.24
6
~$84,000


Solar panels offer significant savings on electricity bills. You can generate your own energy and reduce your reliance on the power grid. Many households save thousands of dollars over their panels' lifetime. These savings are especially noticeable in states with high national electricity rates.

Your energy costs become predictable for decades when you install solar panels. The system typically pays for itself within 5 to 10 years. After that, the electricity you generate is free. Many states offer net metering programs that let you sell extra energy back to the grid. This can lower your monthly costs and sometimes create additional income.

Businesses see transformative savings with solar installations. The reduced overhead costs free up money for other investments. Both homes and businesses gain long-term financial stability and energy independence through solar power.

How much money can I save on electricity?
A 6 kW system typically saves homeowners $1,000 to $2,500 each year. Some areas see even bigger savings.
Are solar panels worth the money?
Most solar systems pay for themselves within 5 to 10 years through energy savings. They also increase home value and protect against rising electricity costs.

Positive environmental impact

Being a renewable energy generator, solar panels help fight climate change by reducing greenhouse gas emissions. They create energy without producing air pollution or carbon dioxide. This clean energy reduces our dependence on harmful fossil fuels.

The environmental impact of installed solar panels is minimal. They need little maintenance and generate clean power without using water or creating pollution. Manufacturing does require some energy, but solar panels provide a sustainable solution for reducing harmful energy sources. For businesses, having your own clean electricity source earns points for brand image.

A standard 6 kW solar system cuts carbon dioxide emissions by 4 to 5 metric tons yearly, allowing you to significantly decrease your carbon footprint. This equals the benefit of planting 100 to 120 trees each year or taking a car off the road for 10,000 miles.

Energy independence

Solar panels give homeowners more control over their electricity. You can generate power for immediate use or store it for later. Battery backup systems and hybrid inverters ensure power during outages. This extra energy storage helps, especially in areas with frequent blackouts.

The fixed costs of solar power protect you from rising utility rates. Your energy expenses stay predictable even as standard electricity prices and average bill go up. The combination of stable costs and reliable power makes solar panels a smart choice for energy security.

Property value benefits

Solar panel system makes home more valuable. Buyers like the promise of lower energy bills and ongoing savings. Research shows homes with solar installations sell for up to 4% more than regular homes. The growing interest in environmental benefits drives up demand for solar-equipped properties. As solar power becomes more popular, these homes continue gaining value.

Durability and maintenance

25 years — average product warranty for top-end solar panels

Solar panels last 25 years or more. They withstand harsh weather and need minimal care. Regular cleaning keeps them working well, but they rarely need other maintenance.

Top solar panel manufacturers offer 25-year warranties on their products. The inverter might need replacement after 10-15 years, but this cost is manageable compared to other energy systems. The lack of moving parts makes solar panels reliable and low-maintenance.

Do solar panels work in bad weather?
Solar panels keep producing electricity on cloudy days, though less than in full sun. They work year-round, even in winter, as long as they receive some sunlight.

Downsides of solar panels

Solar panels offer many benefits but have some drawbacks. Let's look at the main challenges of solar power systems.

High initial costs

A standard 6 kW system costs between $15,000 and $25,000 before incentives. California residents might pay up to $18,000 for installation. The long-term savings are substantial, but the upfront cost challenges many homeowners.

The federal solar tax credit reduces installation costs by 30%. States and local governments offer additional savings through rebates and tax breaks. Various financing options help spread the cost over time, making solar more affordable. Loans lower the profits a solar energy system generates though. Look for loan programs for energy-efficient home upgrades with more attractive rates.

Solar technology keeps improving and getting cheaper. This trend makes solar power increasingly accessible to more homeowners. Batteries are also going down in price and will keep doing so in the future, experts say.

Weather and location factors

  • Your energy needs. Check your electricity usage before choosing solar panels. This helps you pick the right system size. Think about your goals - complete energy independence, lower electricity bills, or environmental benefits. Clear goals lead to better solar choices.
  • Your energy needs. Check your electricity usage before choosing solar panels. This helps you pick the right system size. Think about your goals - complete energy independence, lower electricity bills, or environmental benefits. Clear goals lead to better solar choices.
  • The effectiveness of solar panels depends heavily on your location and weather. Sunny areas with clear skies produce more electricity. Places like California and Arizona generate abundant solar power. States with frequent clouds, like Washington or Oregon, see lower energy production.

    The position of your solar panels affects their output. Homes in areas with less sunlight might need extra panels. Rain and snow can reduce panel performance during bad weather. Solar panels work best in places with steady sunshine throughout the year.

    Battery storage systems help overcome weather challenges. You can save extra energy from sunny days for cloudy periods. This makes solar power work well even in less sunny regions.

    Space requirements

    17.5 square feet — average area of one solar panel

    A typical 6 kW home solar system needs 300 to 400 square feet of roof space. Small or shaded roofs might not fit enough panels to power your home. Some homeowners turn to ground-mounted systems, but these need extra land.

    Each solar panel takes up about 17.5 square feet. If space is limited, look for panels with higher efficiency. Urban homes often face space challenges because buildings sit close together. Some homeowners combine solar panels with energy-saving upgrades to need fewer panels. Roofs need the right angle and clear space without obstacles like chimneys. These space limits can make solar power difficult for some homes.

    Energy storage costs

    Adding batteries for nighttime power use costs extra. Solar panels only generate power during daylight hours. A home battery system like Tesla Powerwall costs $10,000 to $15,000 with installation. This big expense makes the total system much more expensive.

    Batteries need maintenance and replacement every 10 to 15 years. Solar panels last 25 years, so you'll likely replace batteries during your system's life. Better battery technology is coming and the price for a standard BESS steadily goes down, but current costs stop many people from getting complete solar systems. Without batteries, homes still need grid power at night.

    Environmental impact of production

    Making solar panels affects the environment. Manufacturers mine silicon, silver, and rare metals, which can harm natural areas. The production process uses energy and creates greenhouse gases. These impacts balance out during the panel's lifetime. Better recycling and manufacturing methods help reduce these problems.

    Key factors to consider before installing solar panels

    Solar power works best when it matches your needs. Consider these key points before installing panels.

    • Available incentives. The federal tax credit cuts 30% off solar installation costs. States and cities offer extra savings through rebates. These programs make solar energy more affordable and encourage clean energy use.
    • Your energy needs. Check your electricity usage before choosing solar panels. This helps you pick the right system size. Think about your goals - complete energy independence, lower electricity bills, or environmental benefits. Clear goals lead to better solar choices.
    • Roof requirements. Your roof needs 15-20 years of life left before installing panels. South-facing roofs without shade work best. East and west-facing roofs also work well. The right roof setup helps your panels produce maximum power.
    • Financial returns. Most solar systems pay back their cost in 5 to 10 years. Your savings depend on system cost, energy production, and available incentives. After the payback period, your energy savings become pure profit over the system's 25-year life.

    Making your decision

    Solar power might suit your home based on your energy needs, roof type, and budget. The benefits include long-term savings and energy independence. The challenges include high upfront costs and maintenance expenses. Look at incentives, payback time, and your energy use and take time to find a good installer. Solar panels make sense when their benefits match your needs and goals.

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    SHOP SOLAR PANELS

    Years of experience in translation and a love of nature help Julia find the right words to encourage going solar. She joined the team in 2023 and is happy to make her contribution to a greener future.

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