At Momentum Solar, we hear a lot of solar myths – so we’re here to set the record straight! Read on to find out if what you know about solar energy is true or false.
1. It’s too expensive
Contrary to popular belief, solar energy can save you money on your electric bill in the long run! The average American family spends around $1,856 on electricity alone , but households with solar energy can potentially pay as low as $0 monthly.
If you’re worried about your taxes, don’t! The federal solar tax credit, also known as the investment tax credit (ITC), allows solar energy owners to deduct 30% of the cost of installing the system from their federal taxes. Since solar energy is growing across the country, the long-term stability of this policy has allowed businesses to lower costs gradually.
2. It’s too much maintenance
Residential solar systems require very little maintenance since there are no moving parts – once they’re installed, they are good to go! Solar panels are very durable and usually come with up to a 30-year warranty. Owners are only required to perform an annual cleaning to get the dirt off the panels so that the system can generate the highest amount of energy. Most systems self-monitor, so if any other issues arise owners will be notified automatically.
3. It lowers the value of your home
Contrary to popular belief, solar panels add to the value of a home! In fact, a study conducted by the Lawrence Berkeley National Laboratory in California concluded that buyers were willing to pay $15,000 extra on homes with solar panels . Solar panels can be a nice aesthetic addition to a home as well as a smart investment for homebuyers.
4. It doesn’t work in certain weather
Solar energy is more reliable today than ever before thanks to improving technologies and growth in the industry. Utility experts can use new tools to maintain a consistent flow of energy, even during times when sunlight is not its strongest. With these advancements in technology, we can achieve a stable amount of electricity while reducing our carbon emissions.
5. It results in more pollution
All kinds of energy structures require energy to build. In order to build solar panels there is a certain amount of energy spent in the production process, but the investment is small if you look at the energy return on investment (EROI) . This ratio compares the amount of energy it took to manufacture the equipment to the energy that is then produced. Most PV systems will provide a net gain of up to 29 years of pollution-free energy generation. Therefore, an investment of 1-4 years’ worth of energy output is worthwhile because Solar systems can provide as much as 30 years or more of clean energy .
Our mission at Momentum Solar is to enable our customers to take control over their rising electricity costs and start generating cleaner, price-protected power. Visit our website at www.momentumsolar.com or call 1-888-MOMENTUM for more information.