The recent environmental crisis has made the public more aware of alternative energy sources. As a result, the solar industry has grown exponentially, installing a staggering 2.7 gigawatts of new capacity in 2019.
Yet despite solar energy’s rising popularity, many are still hesitant to make the switch, believing that waiting will make the panels cheaper. If you’re among those who are wondering, ‘should I get solar panels now, or wait’, here are all the reasons you need to get your own panels installed now!
The Cost of Getting Solar Panels
Though solar panels are becoming more and more common, many people still hold off on getting them. The main reason for this is the belief that the panels will get cheaper in the future. On some level, this is true.
In 1977, a solar panel cost around $77 per watt. In contrast, the average cost today amounts to $3‒4 per watt. This dramatic price reduction happened because of advances in solar manufacturing and panel efficiency. However, as the industry developed, the cost of solar panels has stabilized.
Nowadays, the average cost of installing solar panels is anywhere between $5000 for a smaller system, to around $12,000 after federal tax incentives. This amount includes the cost of labor, hardware, inverters, sales tax, overhead costs, and permit fees. Since these additional fees haven’t changed much over time, if any reduction in price does happen in the future, it will likely be limited to a portion of the total cost of the installed system.
Should I Get Solar Panels Now or Wait
If you’re holding off on going solar, you should definitely reconsider your stance. Solar energy has so many incredible benefits you’re missing out on while waiting for the panels to get cheaper.
Can Help You Save Money Now
The cost of installing solar panels makes many believe that solar energy is more expensive than regular energy sources. However, when you factor in the money going solar will save you, the panels are much more cost-effective. For one, solar panels will help you save upwards of 90% on your monthly electric bills.
Then there are the tax deductions most states offer to solar-powered homes. Owners get a whopping 26% off the cost of installing solar panels or other solar architecture. Therefore, if you spend $10,000 on installing your own solar system, you’ll get a $2,600 tax credit.
The biggest and most famous benefit of solar energy is that it’s eco-friendly. Traditional energy sources require a lot of resources to generate electricity. What’s more, they produce enormous amounts of waste that gets dumped into the air and major water sources.
In contrast, solar power doesn’t generate any toxic waste. The only resources it consumes are the ones required to build the panels. What’s more, the panels run the most abundant and renewable energy source we currently have—the Sun.
More Secure Than Traditional Energy Sources
Typical energy sources are more prone to blackouts and energy dips. As a result, it’s easy to end up without power, especially during bad weather conditions. However, if you use solar panels, you’ll get more security for your power grid.
Any overload that happens will not affect the performance of your panels. In short, you’ll get more productivity and more energy all at once!
Positive Economic Impact
Not only is solar good for the environment, but it’s also good for the economy! As the solar industry grows, the demand for solar engineers and solar installers will increase to support it. This, in turn, will create more eco-friendly job opportunities, especially for those currently working in traditional energy industries.
If you’re wondering, ‘should I get solar panels now, or wait’, the answer is definitely now. Solar panels have many benefits that help you save money, and protect the environment.
The cost of installing the panels may make you balk, but if you choose the right company for the job, you can get access to a renewable energy source without breaking the bank. So, if you’re ready to make a difference, contact Atlantic Key energy, and get your solar panels today!