Solar panels are becoming increasingly popular but there is an argument to be had both for and against them. Below we look at the some of the advantages and disadvantages of having solar panels.
1) Solar panels pay for themselves
Although solar panels are expensive to install if you can get them installed they will end up paying for themselves in the long run as solar energy is free! Furthermore, as times goes on and technology advances solar panels will only get more efficient.
Also as solar panels get more popular they will more than likely reduce in price.
2) They help stop and slow global warming
Global warming threatens the survival of human society, as well as the the livelihood of a number of different species. Luckily, decades (or even centuries) of research have led to efficient solar panel systems that create electricity without producing global warming pollution. Solar power is definitely a step in the right direction in attempts to slow down the global warming crisis.
3) They will save you money
Installing solar panels will save you a fair amount of money over time and lower the cost of your electricity bills.
As well as saving you money, there are systems now in place where you can make money from solar energy. If your system is producing more electricity than you need, you can sell the surplus back to the grid through the Feed-in Tariff scheme.
This is also a great home attribute to include if you ever consider selling your property. Would be housebuyers who are looking for ‘greener’ more self sustaining homes would definitely take more of an interest in a home with solar panels installed as opposed to none at all!
4) Solar panels provide energy independence
Similar to the energy security boost, solar power provides the great benefit of energy independence. The ‘fuel’ used to produce solar energy cannot be bought or monopolized so it is free for all to use. Once you have the solar panels installed you basically have an independent source of electricity that belongs to you. This must not be looked over and is important for the future not only for you but for companies, cities and countries alike.
1) Expensive to install
One of the biggest drawbacks for most people when deciding if they want to install solar panels is the initial cost.
The average cost of solar panels is between £4000-6000.
2) Solar panels only be used during the day
Solar power is not available at night. Sadly, the sun doesn’t shine 24 hours a day and solar power relies on it to produce it’s power. Since solar electricity storage is not yet fully developed, you will need to use an alternative energy source to cater for your needs during the night.
3) They can be unreliable at times
Since not all the light from the sun can be absorbed by solar panels and turned into energy, many people argue solar power is unreliable and inefficient. It is estimated right now only about 40% of the light from the sun is absorbed by the the sun meaning a huge chunk is just wasted.
4) Solar panels require a lot of space
Although this is not really an issue for homeowners as they can just put the panels on their roofs. Space is a big problem for big companies as they would need to designate a large area for the system to be efficient in providing electricity on a constant basis.
The Bottom Line
Although the cost of Solar panels is quite steep, there is no doubt in the long run they will pay for themselves. If you have your finances in order and have enough cash to invest in solar energy it is definitely something to consider. That said, if you don’t plan on staying in the same property for a long while then it’s probably not the best idea to get them installed.
We hope our article has given you a little insight on the pro’s & con’s of investing in solar panels. If you enjoyed the article, check out our Home owners advice centre for more useful information!