Despite its copious benefits, there are still skeptics when it comes to investing in solar power. There are many misconceptions about this renewable energy solution, and we’re here to set the record straight. Read on as we address some of the solar energy myths and correct some of the misinformation regarding this powerful alternative energy source.
Myth #1. Solar Panels Are Too Expensive to Install
Many people are resistant to getting solar panels installed on their roofs because they believe the installation costs are too high. Actually, if we look at the figures from 2009-2019, investments in solar panels have generally been on the rise as they are becoming more affordable. With continuous R&D in the field of solar, their average costs have fallen to a great extent at the same time efficiency has also enhanced. Globally, it is quite cheaper to produce electricity from solar power than it is from coal.
Myth #2. The Payback Period Is Too Long
A common myth decriers of solar energy like to claim is that it takes 7 to 8 years before you will see a return on investment in solar energy, but the truth is far different. Depending on the size of your project and the initial investment, you could start seeing an ROI immediately i.e. within 3-4 years after installation.
Myth #3. “If I don't use my solar power during the day, it's wasted”
If you have solar panels at home, you might be eligible to receive renewable energy buyback credits. This means if you're generating solar power and sending it back to the grid, you'll receive credits for each unit of energy delivered.
Another option to make the most of your solar panels is to consider battery storage (Off-grid) This means you can store any excess solar energy to use towards powering your home when the sun goes down. Battery storage is a relatively expensive option at the moment, but it’s likely to become more affordable as the technology develops.
Myth #4. You Won’t Have Energy at Night
Solar panels can only produce energy when there is sunlight. So, while solar energy cannot be produced at night, most systems produce enough energy during the day that it creates a surplus. This surplus is due to the system producing more energy than what the household actually uses. In grid-tied systems, this surplus energy is sent back to the grid for homes to draw on as a credit when needed, like at night.
Myth #5. Fossil Fuel Energy Is More Cost-Effective
Because demand is presently higher for fossil fuel energy, the costs are also lower. However, as increased demand for solar power takes hold, its costs will decline accordingly. This is the opposite of what’s predicted for fossil fuels, which are expected to continue to rise in price as further strain is placed on the conventional energy grid.
Myth #6. Solar Energy Keeps Working When the Power Goes Out
Of course, if you are living on the grid when the power goes out, the grid system also goes out as it is dangerous to run electricity through the wires that electricity workers are trying to fix. As a result, your inverter knows that the grid has been shut off and shuts off the electricity generation that is driven from solar panels.
Myth #7. Solar Panels Are Maintenance-Heavy
Contrary to common belief, solar panels require very limited maintenance. Solar panels have no moving parts and are very reliable. In fact, most of them far outlive their average 25-year warranties. Nothing more than regular cleanings is required. This can be done by hosing off the panels regularly.
Myth #8. Solar Panels Cause Roof Damage
Solar panels actually benefit the portion of the roof they cover by protecting and preserving it. In the unlikely event that the roof the panels are sitting on is damaged and needs to be repaired, the panel can be easily removed since they aren’t directly attached to the roof, they are just mounted on the top of it. Usually, if there any gaps between the rooftops and the panels, a sealant is used to fill the gaps. In addition, the mounts are protected using metal flashings or coverings to ensure an extra barrier for security. However, it makes sense to make sure your roof is damage-free and robust before mounting the solar panels.
Fast Facts :
The real estate market is embracing solar, making it vital that builders, real estate agents and homeowners increase their solar knowledge and leverage the premium-boosting power of a solar system to sell or refinance their homes.
Hot tip! To get more insights on solar, contact us today.