The True Cost Of Solar Still Not Well Known

After years of the cost of solar power being lower than conventional sources of electricity, the truth can still be hard to find.

Case in point is when a local news outfit does a report on solar, the tag line is usually – “Does solar make sense for you?” Now, understandably, news organizations need to remain as impartial as possible regarding any stories they cover (except, of course, when they are getting paid by a company to advertise a product).

However, if the given news organization did some quick math, they’d have to change the question to not if it makes sense but – “Why haven’t you gone solar yet?”

The news example is just one of many that can be used. The bottom line is that there still remains a general lack of awareness of the overall costs involved with going solar and how feasible it actually is.

Here are some basic financial facts about residential solar often not discussed.

  1. The monthly payments on a solar power system are either the same or lower than monthly electric bills for a ten year loan. After the loan is paid off – free electricity.
  2. Solar does in fact add value to a home. Please see this Berkeley Labs report. In fact, its basically a one to one proposition.
  3. Solar actually saves homeowners many thousands of dollars over a long period of time.
Solar Saves $$$

$15,000?!! I don’t have $15,000!!” This is certainly the response from many when they see what a solar panel system costs. Was this their same reaction when they saw the cost of their home?… “$150,000?!! I don’t have $150,000!!! Of course not, everyone knows that you acquire a mortgage to realize the dream of home ownership. In much the same way, a homeowner can acquire a loan to help pay for solar. (Obviously the $150,000 figure is just an example, home values can easily be more or less depending on location.)

Again, the homeownership analogy is the best one to use to better explain the solar value proposition.

Those that have a full appreciation of the value of home ownership should be able to understand the value of solar power. They share many of the same basic advantages that come with simply owning something. Such as, when payments are done being made, that asset is now owned outright. Unfortunately, quite a few homeowners that have gone solar are leasing their solar panel systems. They will never fully realize the financial benefits of going solar.

It needs to be stressed that the true value of solar is only available to homeowners who OWN their systems outright or through non-leased financing.

Now a reasonable objection might be – “I will most likely move in 7 or 8 years. If I do that I won’t get to experience the majority of savings involved with solar.” Again, solar adds value to a home, so homeowners can get their investment back when they sell.

The good news is that more and more people are going solar. The word is certainly spreading about the massive long term savings made possible by acquiring a solar panel system. That word will continue to spread as these new owners of solar power tell their neighbors all about the benefits of going solar. Hopefully solar misinformation will soon be a thing of the past.

Want more information on the costs involved? Just head to the cost of solar page.

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4 Responses to The True Cost Of Solar Still Not Well Known

  1. Dove Dolce says:

    In conclusion, it is evident that the true cost of solar energy is still not well known. Despite its potential to provide clean and renewable energy, there are various factors that contribute to the overall cost of solar stills. These include the initial installation and equipment costs, maintenance expenses, and the efficiency of the system. Additionally, the availability of government incentives and subsidies can significantly impact the affordability of solar energy. Therefore, further research and analysis are necessary to accurately determine the true cost of solar energy and its long-term economic viability.

  2. Granola Dove says:

    In conclusion, the true cost of solar energy is still not well known. While many people view solar energy as a cost-effective and environmentally friendly alternative to traditional energy sources, there are hidden costs that are often overlooked. These include the initial installation and maintenance costs, as well as the variability of solar energy production. Additionally, the environmental impact of manufacturing and disposing of solar panels must be considered. It is important for consumers to have a comprehensive understanding of the true cost of solar energy before making the decision to invest in this technology.

  3. roadspike says:

    In conclusion, it is evident that the true cost of solar energy is still not well known. While solar power has gained popularity as a sustainable and renewable energy source, there are various factors that contribute to its overall cost. These include installation expenses, maintenance costs, and the efficiency of solar panels. Additionally, the long-term benefits and savings that solar energy can provide are often overlooked. Therefore, it is crucial for individuals and organizations to conduct thorough research and consider all aspects before investing in solar power. By doing so, they can make informed decisions and fully understand the true cost and potential of this renewable energy source.

  4. RZR says:

    In conclusion, it is evident that the true cost of solar energy is still not well known. While it is widely recognized as a clean and renewable source of power, there are various factors that need to be considered when determining its overall cost. These include installation expenses, maintenance and operation costs, government incentives, and the potential for energy savings in the long run. As the technology continues to evolve and become more accessible, it is crucial for consumers to thoroughly research and understand the true cost of solar energy before making any investment decisions.

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