The sun is one of the most powerful forces in the universe. It has the ability to warm our planet and provide us with light during the day. For centuries, humans have harnessed this power to create things like fire and electricity. In recent years, we have begun to use solar energy as a way to generate electricity for our homes and businesses. There are a lot of reasons for this, but the biggest one is probably the benefits that come with using it. Some of the top reasons include: reducing your carbon footprint, helping to preserve our environment, and saving money on your utility bills.
Solar energy is not without its drawbacks. One is the initial investment costs; solar panels can be expensive to install, although the cost has come down in recent years. Solar panels can cost upwards of $40,000, and most people cannot afford this upfront cost. Solar leases have become popular in recent years as a way to finance solar panel installation, but these leases can be very difficult to transfer. Another downside of solar power is that it’s an intermittent resource; solar panels only generate electricity when the sun is shining, so at night or on cloudy days there will be no output from the system. Solar panel systems also require maintenance and regular cleaning and they are not hailstorm resistent. Additionally, solar power requires a large amount of space, which may not be available on some properties.
If you’re thinking about leasing solar panels, be sure to do your research and understand all the potential pitfalls. Contrary to the marketing materials, I have not yet been involved in a real estate transaction where solar panels have increased a homes value. In fact, in most cases, home sellers are forced to pay the lease in full if the buyer(s) do not meet rigid qualifications for the transfer. Not to mention the added delays caused by the transfer, or, payoff process.
All in all, solar energy has some risks and drawbacks that should be considered before making the switch to solar power. However, it’s also important to weigh these against the benefits of solar energy, which include reduced dependence on fossil fuels, lower electricity bills, and a smaller carbon footprint. In the end, the decision of whether or not to go solar is up to each individual. With careful consideration of both the pros and cons, everyone can make the best decision for themselves.
Thanks for reading!