Solar is good as an investment

Solar is good as an investment

That depends on your perspective and several factors that are specific to your situation.

Here are a few things that will determine whether investing in solar is right for you:

What do you pay for the utility? The rate that you pay the utility per kilowatt-hour is one of the biggest factors in considering whether an investment in solar is wise. If your utility rate is higher, the payback period for an investment in solar is shortened. Each utility in Missouri charges a different rate, so solar is more attractive to some customers than others.

Your roof. Not every roof is perfect for solar. If you have South, East, or West facing roof space that isn’t shaded, then it could be ideal for solar. If you have trees that shade the whole roof and you’re unwilling to trim or remove the trees, then solar isn’t going to work. If your roof has many obstructions on it, this can also negatively impact the amount of panels that can fit. Most homes can at least fit some panels on the roof, but the size of the system we can do may be affected.

Time frame. Another thing to think about when determining if solar is worth it is the time frame you’re looking at. With solar, it’s almost like you’re pre-paying your electricity costs for the next several years. You buy a system that produces power for the next 25 or 30 years. The advantage of doing it that way is that the cost of the system is much less than what you’re going to pay the power company over 25 or 30 years just to buy electricity. Some people look at what seems like a bigger investment to get a solar system, but don’t compare that to 25 or 30 years of electricity costs. You have to look at the big picture and think of solar as an investment that will pay off big in the long run.


    • Related Articles

    • Top 10 questions of customer's in going solar

      10 common questions of customers in going Solar Will going Solar save me more money? The short answer is, yes. To understand why, though, takes a little bit more analysis. The thing about solar is that it’s a long-term investment. It’s like you’re ...

    • Solar Power needs sun exposure

      Solar systems only generate power when the sun is out. The solar panels in the system use the sun’s light to produce electricity. While the panels are less efficient on cloudy days, they still do produce electricity. One of the common misconceptions ...

    • Solar power can run the whole house

      One of the common misconceptions about solar power is that you run only certain items with the power that is produced. While this may be the case with off-grid systems, grid-tied systems, like the ones Simple Solar installs, do not provide power to ...

    • Solar power is a renewable energy

      Solar power is useful because it provides a renewable source of energy that is created by clean, abundant sunshine. When you stop and think about it, being able to create as much power as you need with something that is literally all around you, ...

    • Solar Power can be stored in batteries

       This is done in systems that are grid-tied with battery backups and in off-grid solar systems. With this approach, the panels convert the sun’s energy into DC power, which then travels into the batteries and is stored until the home uses the energy. ...