Solar panels have a reputation, though. Some people believe solar is too expensive and may not do enough for the environment. We want to provide you with the facts about solar power and its benefits.
Let’s tackle the first misrepresentation of solar energy: the perception that solar panels are too expensive and not worth the price. In 2022 alone, the average price of U.S. residential electricity grew by 14.3%, while the cost of solar panels has steadily decreased since 2010.
Regarding solar power’s efficiency, we can examine the statistics and discover that solar panels currently have a 15%-20% energy conversion efficiency rating. Newer technologies and improving manufacturing capabilities mean solar panel efficiency is trending upward. Product warranties of 10 to 25 years are typical, offering homeowners peace of mind.
You may also be eligible for the federal solar tax credit with your home’s new solar power installation.
Yes, there is a cost related to installing solar power in your home. Still, the savings associated with a long-range plan make solar power worth it.