Many homeowners continue to ask – Is solar power worth it?
The resounding answer is….YES!
Some people who see the potential solar panel system cost of $15,000 – $20,000 can’t get past the initial large number shock. They would be even more shocked if they were told what they would be paying if they don’t switch to solar. If they do nothing and stick with their utility they’ll pay about $30,000 – $40,000.
Many homeowners pay about $125 per month for their electricity needs. This amounts to $30,000 over 20 years. Actually, it would be much more as utilities have historically raised rates at 6 percent per year. The same homeowners could finance a solar panel system that would cover 90 perecent of their needs and pay no more than $20,000.
Is saving $10,000 over 20 years worth it? Of course it is.
Once people get past the initial sticker shock of solar and realize that they would be paying their utility much more, the affordability of solar power becomes very apparent.
Many also do not realize that there is readily available financing for solar panel systems to help homeowners avoid up front costs.
It should also be mentioned that the numbers presented here are, if anything, lower-end averages. Many homeowners in the Southwest and Northeast, for example, pay hundreds of dollars for their monthly power bills. These homeowners would require a system that costs more than $20,000. However, the value and savings of solar remains the same.
What is the value of solar power? Regardless of the size of the system, residential solar power is approximately 8 cents per kilowatt hour ($0.08/kwh). The average cost for residential electricity is about $0.13/kwh. That 5 cent difference spread over 20 years equals thousands of dollars. Of course, millions of people pay more than 13 cents per kilowatt hour. Solar power makes even more sense for them.
Unfortuntately, not every homeowner can go solar. Their roofs might not be suitable, there could be major shading issues, or there might not be enough spacing for a ground mounted system.
For the rest, solar power represents a financial opportunity like none other. As an investment, the ROI of solar easily beats the stock market. It also represents a major shift in control from the utilities to the homeowners. By going solar, homeowners essentially lock in their power costs over a period of 25 years or more. No more rate hikes.
Another powerful idea is that solar power means energy ownership. In addition to owning a home, people can now own the energy that their homes require. This is a truly revolutionary development that will go a long way in creating a more democratized society.
Spread the good word to the homeowners that you know that now is a great time to look into solar power. The long term savings are too good to pass up!
In conclusion, solar power is definitely worth considering as a viable alternative energy source. Despite the initial investment, the long-term benefits of solar power are significant. It not only helps reduce electricity bills but also contributes to a cleaner and more sustainable environment. With advancements in technology and decreasing costs, solar power is becoming more accessible and affordable for individuals and businesses alike. Additionally, government incentives and tax credits further enhance the financial advantages of investing in solar power. Overall, the potential for cost savings, environmental impact, and energy independence make solar power a worthwhile investment.
In conclusion, solar power is definitely worth it. Not only does it provide a sustainable and renewable source of energy, but it also helps to reduce carbon emissions and dependence on fossil fuels. While the initial investment may be higher, the long-term benefits of solar power, such as lower electricity bills and increased energy independence, make it a worthwhile investment. Additionally, advancements in technology and government incentives have made solar power more accessible and affordable for homeowners and businesses. Overall, solar power is a smart choice for individuals and communities looking to reduce their environmental impact and save money in the long run.
In conclusion, solar power is definitely worth considering as a viable alternative energy source. Despite the initial investment required, solar power offers numerous long-term benefits such as cost savings on energy bills, reduced carbon footprint, and increased energy independence. With advancements in technology and decreasing costs, solar power is becoming more accessible and affordable for homeowners and businesses alike. Additionally, government incentives and tax credits further enhance the financial viability of solar power. Overall, investing in solar power is a smart and sustainable choice for a greener future.
In conclusion, solar power is definitely worth it. Not only does it provide a sustainable and renewable source of energy, but it also helps reduce greenhouse gas emissions and dependence on fossil fuels. Additionally, solar power can lead to long-term cost savings on electricity bills and even generate income through net metering or selling excess energy back to the grid. While the initial investment may be high, the long-term benefits and positive impact on the environment make solar power a worthwhile investment.