Solar Education

Is Solar Energy Worth It?

By July 10, 2020 No Comments

At Vision Solar, we always want to make sure that our customers feel confident about their final decision in Solar Power. We know that the ultimate question for out customers is whether or not solar energy is worth it. Rather than giving a simple yes or no answer, we have provided all of the possible pros and cons that come with your solar panel installation.

Pros:

  1. Savings

One of the best benefits that comes with your solar energy is the amount that you save on your monthly electricity bills. The average household in New Jersey can spend upwards of $3,000 annually on just their electric bill. With the addition of solar power to your home, you can save 20% on the monthly electric bill. This all adds up to be a difference of $100 or more on your monthly electric bill. With this, New Jersey continues to raise their prices on electricity. Every year the price per kWh goes up 2%. However, with solar energy, you will not face the increasing costs of electricity. Instead, you will pay the steady rate that is given to you by your solar panel company at the time of signing for your panel installation. This rate is based on the amount of panels you have and the amount of energy you use per month. Rather than overpaying for excess energy, solar costs are based on customization to your home.

  1. State Incentives

Depending on which state you reside in, each state has many different incentives for making the switch to solar. In New Jersey, Governor Phil Murphy is a huge supporter of renewable and clean energy. Because of this, he currently is doing everything he can to keep these incentives going. Currently tax credits, tax exemptions, and net metering are all part of New Jersey’s state incentives that come with solar power. All of these incentives give you a way to earn the money that you put into your panels back, and even enough to let them pay for themselves sometimes. To learn more about each of these incentives please visit our Page.

  1. Low Maintenance

As surprising as it may seem, your solar panels require very little to no maintenance. The average lifespans of the panels that you are installing are between 20 to 30 years. However, we do recommend just washing off your panels from time to time. This can be done with a simple garden hose to remove any dirt or dust that has collected on top of your panels. Saving money and also adding no extra chores into the mix of your busy schedule is something we know is important to you.

Cons:

  1. Initial Costs

If you are buying your panels rather than leasing them, the initial cost of your panels all depends on the amount of panels that are being installed. The amount of panels that are needed are dependent on the amount of energy that you use. Homes that need more panels will have a higher initial costs. However, it is important to remember that even with more panels, if you are not using all of the energy that is being generated from your panels, this then can be used as a credit to help with your next monthly bill. Also, if the price of your panels are too much to afford, then there are many options to consider. You could instead lease your panels or take out a solar loan to help pay for them. We are here to work with you through this entire process in order to ensure you are making a financially beneficial decision in the end.

  1. Eye Appeal

For many of our customers, the eye appeal of the panels is not always ideal. However, as technology continues to advance we are learning new ways to install more appealing panels every day. Our installation process is very important to us. Following installation, we have everything inspected to make sure the panels are correctly installed. With this, it is important to understand that solar energy is becoming more and more popular. Home buyers are in fact looking for homes with panels rather than homes than do not have panels. The renewable energy may not look appealing right away, but the money in your pocket sure will.

 

To learn more on how you can get started on your solar panel services with Vision Solar please visit our website. We’ll provide a free quote and schedule a comprehensive assessment to help begin the process, so you can take advantage of clean, green energy from the sun.