Pros and Cons of Solar Energy

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Real Estate

Pros and Cons of Solar Energy

With all the current uproar about energy resources and energy costs, you may be looking into every available alternative to lower your own energy bill. One alternative you may want to research is solar power. It’s the one power source we all have pretty equal access to (unless you happen to live near the north or south poles, or Seattle). 

Is it really a cost savings for your home? Solar power is a renewable energy that will reduce your carbon footprint. But, did you know that many homes that sign up for solar still use the local electric company? Here are some things to think about before you decide whether it is worth the investment.

If you’ve never understood exactly how solar works and what the advantages are, read on to have your questions answered.

How it works

You’ve seen them on rooftops, office buildings and even calculators and watches: solar cells. These solar cells, also called photovoltaics (PV), convert sunlight directly into electricity. PVs are made of semiconducting materials similar to those used in computer chips. When sunlight is absorbed by these materials, the solar energy shakes loose electrons from their atoms, allowing those electrons to flow through the material to produce electricity. This process of converting light (photons) to electricity (voltage) is called the photovoltaic (PV) effect.

Solar cells are usually put together into modules that hold about 40 cells. Then ten of the 40-cell modules are mounted on flat plate arrays (we know them as solar panels). These flat-plate PV arrays can be mounted at a fixed angle facing south, or they can be mounted on a tracking device that follows the sun, allowing them to capture the most sunlight over the course of a day. Ten to twenty PV arrays can provide enough power for the average American household. Hundreds interconnected are needed for large electric utility or industrial applications.

Solar technology continues to advance. The latest, greatest thing to come down the PV pike is thin-film solar cells. These cells are made of layered semiconductor materials that are only a few micrometers thick. This thin film technology makes possible roof shingles and tiles, building facades and window glazing made of photovoltaic material. These shingles and glazing are just as protective and durable as conventional shingles and glazing.

There are, naturally, pros and cons to using solar panels. 

Some of the advantages include:

*no carbon emissions. No pollution, no waste. It’s some of the cleanest energy you’re bound to find in this or any other galaxy.

*freeing yourself (at least partially) from power companies. No more dependence on the power grid system, no more being at the mercy of outages and rate hikes.

Disadvantages:

*price. The average cost for a home installation of the typical solar panel system is $35,000. There are two types of solar panel systems: solar thermal system and the solar electric system. The solar thermal system is less expensive than solar electric systems. Solar thermal systems can cost as little as $7,700, but a typical solar electric system costs about $44,000. Rebates are available for the installation of solar panels.

*they must be protected from mechanical damage (in particular against hail impact, wind and snow loads, ice). This is especially important for wafer-based silicon cells which are brittle.

 *some people think they look bad up there on the roof.

But if you’ve got some money to invest in something that will eventually pay for itself and you’re interested in reducing your impact on the environment, solar may be the way to go.

Additional considerations:

Make sure the size of the solar panel system is adequate for the size of your home and the usage you will need. Otherwise, you could end up paying the electric company the same amount you normally would in addition to the solar fees.

Do you plan to sell your home in the next 5 years? If so, you may want to wait. Often solar can be a source of contention for buyers with a 50/50 love hate relationship. Home buyers often care more about the esthetics of the roof than the actual benefit of the cost savings. Also, be sure there is a cost savings or solar is not a positive asset to the home.