At first glance the advantages of solar power are pretty obvious – you save money, you save natural resources and you reduce your carbon footprint. Energy Smart PTY Ltd But any homeowner knows that when someone tells you they want you to buy something so you can save money – you need to take a closer look. Are the advantages of solar power really worth the expense of installation? Or are there more cost effective ways to spend you money?
Anytime you make any type of investment in your home your first consideration is going to be how quickly you can recoup that money. And depending on the size of your home and your energy usage each month, converting to complete solar energy power could be quite expensive. How do you know if the advantages of solar power are really worth the investment?
The first thing you’ll need to do is determine how much it will cost to convert to solar energy and then look at your energy bills. Chances are, it will take you at least 3 to 5 years of energy savings to recover the costs of conversion. In some cases, though, it might take 20 years or more.
Before you leap into an all-out solar energy conversion, consider the following:
How much will it cost to convert?
Have you considered a partial conversion?
How much money will you actually save on your energy bill?
How long will it take you to recoup the initial investment?
Will it add to the value of your home?
If it’s going to cost more to convert you entire home then consider a partial conversion. One of the advantages of solar power is that you can use it to power your whole house or just one or two areas. Maybe it’s a better investment if you only use it to power your appliances or heat your water. Even a little savings is better than none.
If it’s going to take you 15 years to recover your investment and you’re planning to live there for at least 20 more, that’s fine. But if you’ll be moving within the next 5 or 6 years, will having solar energy installed increase the value of your home? Will you be able to recoup your investment when you sell the home?
The answer to both of these questions is yes, as long as you take the time to plan your installation instead of just jumping into the project. If you can’t afford a whole home conversion or if you think it won’t pay for itself fast enough, then look at only converting a portion of your home or just using solar power as a supplement when electricity usage is normally at it’s peak.
There’s no question about the fact that you’ll be helping save natural resources and doing your part to protect the environment when you convert even just a portion of your energy system to solar power.
And there’s no question about it, you will save money by converting to solar energy, whether you convert your entire home or just a portion. The only question is how long can you wait to recoup that investment. The advantages of solar power far outweigh any disadvantages as long as you plan your installation instead of just jumping into it.