Top 7 Pros and Cons of Solar Panels You Should Know Before Going Solar

Last updated on April 28th, 2024 at 11:26 pm

Solar panels are expensive and it requires a significant amount of investment to install a solar-powered system for home or business. That’s why it is necessary to have detailed knowledge about the pros and cons of solar panels before going solar. 

As we seek cleaner and more efficient sources of power, solar panels have emerged as a frontrunner in the race toward renewable energy. In this article, we’ll explore the advantages and potential drawbacks of solar panels, shedding light on their incredible potential and the practical considerations they bring. By reading this article, you will acquire comprehensive knowledge about the pros and cons of solar panels, enabling you to make an informed decision regarding whether going solar is worth it or not.

What is a solar panel?

A solar panel, also known as a photovoltaic (PV) panel, is a device that converts sunlight into electricity. It is made up of multiple interconnected solar cells, which are typically made from silicon.

When sunlight falls on the solar panel, the solar cells absorb the energy from the photons (particles of light) and release electrons. This process is known as the photovoltaic effect. The flow of electrons creates an electric current, which can be captured and used as electricity.

Read more: How Do Solar Panels Work? 5 Quick and Easy Steps to Understand

Key Pros and Cons of Solar Panels

Pros  solar panels

1. Renewable energy and reduces our dependence on fossil fuel

By harnessing the power of the sun, solar panels provide a renewable energy source that reduces our reliance on non-renewable energy sources. Not only does this help to decrease greenhouse gas emissions, but it also contributes to a cleaner and greener future for generations to come.

With solar panels, you can generate electricity in a way that is not only cost-effective but also in harmony with nature. So, go ahead and embrace this sustainable energy solution to power your home and make a difference in the world.

2. Versatile uses of solar panels 

Solar panels are not just limited to powering homes and buildings. Their versatility extends far beyond traditional applications, offering a wide range of creative and innovative uses. From powering remote areas to providing clean energy on the go, solar panels are revolutionizing the way we harness the sun’s energy.

Imagine outdoor camping in the wilderness, far away from any electrical outlets. With portable solar panels, you can generate electricity to charge your devices, power your camping gear, or even run small appliances. These lightweight and foldable solar panels are designed for outdoor adventures, allowing you to enjoy nature without compromising on convenience.

Solar panels are also making waves in the transportation industry. Solar-powered cars, boats, and bicycles are emerging as sustainable alternatives to their traditional counterparts. These vehicles are equipped with solar panels integrated into their design, capturing sunlight and converting it into usable energy to propel them forward. The idea of cruising down the road or gliding through the water using clean, renewable energy is not just a fantasy anymore.

Moreover, solar panels have found their way into agriculture, transforming the way we cultivate crops. Farmers are utilizing solar energy to power irrigation systems, reducing their reliance on fossil fuel-powered pumps. By harnessing the sun’s energy, they can irrigate their fields sustainably and efficiently, promoting eco-friendly farming practices.

In urban environments, solar panels are being integrated into public infrastructure, offering a dual purpose. Solar-powered streetlights illuminate roads and pathways, utilizing clean energy and reducing electricity consumption. Solar charging stations for electric vehicles provide a convenient and environmentally friendly way to power up your electric car while out and about.

3. Energy independence

Energy independence is a concept that holds great significance in today’s world. It refers to the ability to generate your own energy and reduce reliance on external sources. By embracing renewable energy solutions like solar panels, you can achieve a remarkable level of energy independence.

Imagine no longer being at the mercy of fluctuating energy prices or the uncertainty of fossil fuel supplies. With solar panels, you have the power to produce your own electricity right at home. By harnessing the abundant energy of the sun, you become less dependent on the traditional energy grid and gain control over your energy future.

Energy independence brings numerous benefits. First and foremost, it provides stability and security. While traditional energy sources are subject to geopolitical tensions and market fluctuations, solar energy is derived from an infinitely renewable source, the sun, which shines for free and knows no boundaries. By generating your own electricity, you become less vulnerable to these external factors.

4. Reduces your electricity bill significantly

Are you tired of those soaring electricity bills eating away at your hard-earned dollars? Well, here’s some good news: installing solar panels can significantly reduce your electricity bill and put money back in your pocket.

In the United States, the average residential electricity rate in 2023 is around 15.5 cents per kilowatt-hour (kWh). With solar panels, you can generate your own clean and renewable energy at a much lower cost.

Let’s take a closer look at the numbers. According to Forbes data, a typical American household consumes approximately 10,000 kilowatt-hours (kWh) of electricity per year.  Considering the national average electricity rate of 15.5 cents per kWh, that’s a savings of $1,550 per year. Over a 25-year lifespan of your solar panels, you could potentially save over $38,750 or more. That’s a considerable amount of money that you can use for other priorities, like investing, saving for retirement, or planning a dream vacation.

Note: You have to consider the cost of the solar panels and their installation cost also.

In certain states, solar panels can not only save you money on your electricity bills but also turn a profit thanks to various solar incentives. One such incentive is the Solar Renewable Energy Credits (SRECs), which compensate you for the electricity generated by your solar panel system. If you reside in a state where this program is available, you can enjoy both immediate and long-term returns on your solar investment, making it a financially rewarding decision.

5. Low maintenance cost

Solar panels are a low-maintenance energy solution with cost-effective upkeep. Designed with self-cleaning surfaces and a long lifespan, they require only occasional check-ups for optimal performance. This means homeowners can enjoy the benefits of solar energy without significant expenses or regular maintenance tasks. The smooth panel surface allows dirt and debris to easily slide off, and rainwater naturally cleanses them.

With warranties lasting 25 years or more, solar panels offer reliable performance. Occasional inspections ensure panels are undamaged and connections are secure. With minimal maintenance needs, solar panels provide hassle-free, sustainable energy generation for years to come.

6. Surplus energy can be sold back to the grid

One of the advantages of solar panels is the ability to sell excess energy back to the grid by net metering, providing potential financial benefits for homeowners.  When your solar panels generate more electricity than your household consumes, the surplus energy can be fed back into the grid. This process is known as net metering or feed-in tariffs, depending on the specific policies in your region.

By selling this excess energy, homeowners can earn credits or receive compensation from their utility company. These credits can offset future electricity bills or provide additional income. The exact terms and rates for selling back to the grid may vary depending on your location and local regulations.

7. Solar panel increases your home value

Installing solar panels not only helps you save on energy costs but also has a positive impact on the value of your home. Numerous studies and real estate market trends have shown that solar panels can increase the resale value of a property.

When potential buyers see solar panels on a home, they recognize the financial and environmental benefits associated with renewable energy. This perceived value leads to increased interest and can even attract multiple offers, giving you an edge in the competitive real estate market.

According to the National Renewable Energy Laboratory (NREL), homes with solar installations tend to sell faster and at a higher price compared to similar non-solar homes. On average, solar panels can increase the value of a home by 4% to 5%. For instance, if your home is valued at $300,000, installing solar panels could potentially increase its value by $12,000 to $15,000.

Furthermore, the value of solar panels goes beyond the direct savings on electricity bills. The Solar Energy Industries Association (SEIA) reports that potential buyers are willing to pay a premium for homes with solar, recognizing the long-term financial benefits and reduced environmental impact. Solar panels are seen as a valuable asset, enhancing the overall desirability and marketability of the property.

Cons of solar panels

1. High Cost of Solar Panels

While solar panels offer numerous benefits, it’s important to consider the potential drawbacks, starting with the high upfront cost. While the cost of solar technology has decreased over the years, a complete solar installation still requires a significant investment. Typically, the cost of a full home solar installation amounts to approximately $18,000 for consumers, not including any incentives or the federal solar tax credit that may apply.

However, it’s important to note that while the initial cost may seem high, solar panels can provide long-term financial savings by reducing or eliminating your electricity bills. Over time, the energy savings can offset the upfront investment and even result in a net financial gain.

2. Weather dependent

Solar panels work by converting sunlight into usable energy, so it’s no surprise that they are somewhat weather dependent. While they can still generate electricity on cloudy days or during less-than-ideal weather, their efficiency may be slightly reduced. This is because clouds and other atmospheric factors can obstruct the direct sunlight that solar panels thrive on.

Similarly, during the winter season, shorter daylight hours and less intense sunlight can affect the performance of solar panels. The angle and orientation of the panels in relation to the sun also play a role. In regions with colder climates and significant snowfall, accumulated snow on the panels can further limit their efficiency until cleared.

It’s important to consider your local climate and the amount of sunlight your area receives when deciding to install solar panels. If you live in a region with abundant sunshine, you can expect your panels to thrive and produce ample energy throughout the year. However, if you reside in an area prone to cloudy or overcast weather, the overall energy output of your solar panels may be considerably lower.

3. Longer payback period

While solar panels offer numerous benefits, one potential drawback is the longer payback period associated with the initial investment. The payback period refers to the time it takes for the energy savings generated by the solar panels to offset the upfront cost of installation.

Several factors contribute to the length of the payback period. Firstly, the upfront cost of solar panel installation can be significant, depending on the size of the system and the complexity of the installation process. This initial investment may deter some individuals who are looking for a quicker return on investment.

Additionally, the payback period is influenced by the amount of energy savings achieved through solar panel usage. Factors such as the efficiency of the panels, the location and orientation of the installation, and the electricity consumption patterns of the household play a role in determining the magnitude of energy savings.

To calculate the payback period, one needs to divide the upfront cost of the system by the annual energy savings. For instance, if the solar panel system costs $20,000 and saves $2,000 per year in electricity bills, the payback period would be 10 years.

It’s important to note that the payback period can vary significantly based on factors such as geographic location, local utility rates, available incentives, and individual energy consumption habits. In some cases, the payback period can extend beyond 10 or 15 years, which may be perceived as a disadvantage for those seeking a quicker financial return on their investment.

4. Difficult installation

One potential drawback of solar panel installations is the complexity and difficulty of the installation process. While the components of a solar panel system are relatively simple, the installation itself may require specialized knowledge and skills. This can be challenging for individuals who are not comfortable working with electricity or who are not experienced in roof work.

Installing solar panels involves various steps, including mounting the panels on the roof, connecting them to the electrical system, and ensuring proper wiring and grounding. These tasks require precise measurements, electrical expertise, and compliance with local building codes and regulations.

Additionally, working at heights and maneuvering on the roof can be physically demanding and potentially hazardous. It is important to prioritize safety and ensure that proper safety equipment and precautions are followed during the installation process.

To ensure a successful and efficient installation, it is recommended to hire professional solar installers who have the necessary expertise and experience. They can assess the site, determine the optimal placement of the panels, and handle the technical aspects of the installation with precision.

While professional installation comes at an additional cost, it can provide peace of mind, save time, and ensure the proper functioning of the solar panel system. Moreover, reputable installers may offer warranties or guarantees on their workmanship, providing added protection and assistance in case of any issues or maintenance requirements.

5. Expensive storage

Solar panels generate electricity during the day, but energy demands often extend beyond daylight hours. To ensure a continuous power supply, energy storage systems, such as batteries, are required.

Energy storage allows homeowners to store excess energy generated by their solar panels during the day and use it when the sun is not shining, such as at night or during cloudy days. However, the cost of these storage systems can be significant, depending on the type and capacity of the batteries.

The price of solar batteries varies based on factors such as the brand, technology, and storage capacity. For example, a single lead-acid battery can cost between $200 and $800, while a residential lithium-ion battery system can range from $7,000 to $14,000 or more, depending on the size and brand.

The expense of energy storage should be considered when evaluating the overall cost of a solar panel system. While solar panels themselves can help reduce or eliminate electricity bills, the additional cost of batteries can impact the financial feasibility of the installation.

6. Difficult to relocate once solar panels are installed

One potential challenge with solar panels is the difficulty of relocating them. Unlike portable appliances or furniture, solar panels are semi-permanent fixtures that are typically installed on rooftops or mounted in specific locations. If you decide to move to a new house, it may not be feasible to take your solar panel system with you.

The installation of solar panels involves various components and wiring that are integrated into the structure of your home. Removing and reinstalling them at a new location can be complex, time-consuming, and costly. It often requires professional assistance to ensure a proper and safe relocation.

Furthermore, solar panels are often considered an investment in the property where they are installed. They can enhance the value of your home and provide long-term energy savings. When you move, leaving the solar panels behind means leaving behind those potential benefits as well.

7. Pollution during manufacturing 

While solar panels offer numerous environmental benefits when it comes to generating clean and renewable energy, it’s important to consider their environmental impact during the manufacturing process. The production of solar panels involves several stages, including the extraction of raw materials, manufacturing of components, and assembly of the panels.

One aspect of concern is the mining of materials required to make solar panels, such as silicon, silver, and aluminum. Mining activities can have adverse effects on the environment, including habitat destruction, soil erosion, and water pollution. Additionally, the extraction and processing of these materials often require significant amounts of energy, which can contribute to greenhouse gas emissions.

Furthermore, the manufacturing process itself can result in emissions of greenhouse gases, particularly during the production of solar cells and the assembly of panels. These emissions are primarily associated with the use of energy-intensive processes and the release of certain chemicals.

Is going solar worth it?

The decision to go solar is a complex one that depends on various factors and considerations. While solar panels offer numerous benefits, it’s important to weigh the pros and cons to determine if it’s worth it for you.

One of the key factors to consider is the cost. While the upfront cost of solar panel installation can be significant, it’s important to look beyond the initial investment. Solar panels can provide long-term savings on electricity bills, potentially offsetting the initial cost over time. Additionally, there are various incentives and tax credits available that can further reduce the overall cost of going solar.

Another consideration is the availability of sunlight in your area. Solar panels rely on sunlight to generate electricity, so if you live in a region with limited sunlight or frequent cloudy days, the energy production of your solar panels may be affected. However, even in less-than-ideal conditions, solar panels can still contribute to significant energy savings.

The space available for solar panel installation is another factor to consider. Solar panels require adequate roof space or an open area with good exposure to the sun. If your property has limited space or is shaded by tall buildings or trees, it may impact the efficiency and effectiveness of solar panels.

Maintenance is another aspect to take into account. While solar panels generally have low maintenance requirements, periodic cleaning and inspection are necessary to ensure optimal performance. It’s important to consider the time and effort required for maintenance, although it is relatively minimal compared to other energy systems.

Lastly, it’s essential to consider the environmental impact. Solar panels generate clean and renewable energy, reducing reliance on fossil fuels and greenhouse gas emissions. By going solar, you can contribute to a more sustainable future and reduce your carbon footprint.

Ultimately, the decision to go solar depends on your specific circumstances, including your location, available resources, and financial considerations. It’s advisable to consult with solar energy professionals who can assess your property, provide accurate cost estimates, and help you determine if going solar is a viable and beneficial option for you.

Conclusion

In conclusion, solar panels offer a range of advantages and disadvantages that should be carefully considered. The pros of solar panels include their role as a renewable energy source, reduction in electricity bills, energy independence, increased home values, low maintenance costs, community benefits, diverse uses, rising power prices, and the improving technology with decreasing prices.

However, there are cons to be aware of, such as the high upfront cost, weather dependence, installation complexities, space constraints, expensive energy storage, difficulties with relocation, environmental impact of manufacturing, limited material availability, disposal challenges, longer payback period, and limitations based on roof suitability and weather conditions. When evaluating whether solar panels are worth it, it’s crucial to assess these factors in light of your specific circumstances, financial capacity, and sustainability goals. 

Frequently Asked Questions (FAQs)