In order to lower their carbon footprint and energy bills, households and businesses are turning more and more to solar energy. Although solar energy has many benefits, there are also a few significant drawbacks that should be taken into account before switching.
The initial expense of solar energy is the first significant drawback. The initial outlay for installing solar panels can be prohibitive for many customers. Solar energy still requires a considerable investment, despite the fact that costs have dropped significantly in recent years. It’s crucial to keep in mind that this expense is frequently covered by long-term energy bill reductions.
Solar energy’s dependence on sunshine is its second main drawback. Energy generation from solar panels can be drastically reduced on gloomy or rainy days since they need direct sunshine to function. In regions with erratic weather patterns or those that frequently have power outages, solar energy may not be a dependable source of energy.
When looking into solar energy options, there are several other things to keep in mind in addition to these drawbacks. For instance, Sunrun, the largest residential solar provider in the US, has put in more than 500,000 solar-powered homes across the nation. To protect your investment, it’s crucial to do your research and pick a renowned and trustworthy solar company.
What happens to the warranty if the solar firm goes out of business is one worry that many homeowners have. The warranty will typically still be in effect, but it’s crucial to read the fine print before agreeing to anything. Additionally, in states where solar companies fail, legislation are in place to safeguard consumers.
The COVID-19 outbreak and the state of the economy have raised some questions regarding the viability of the solar sector as a whole. However, many industry analysts think that the sector will keep expanding as more customers look for economical and sustainable energy sources.
Finally, in regard to Sunrun especially, the business has recently suffered some financial losses. However, it’s important to note that businesses in the renewable energy sector frequently experience this, and Sunrun still commands a substantial market share and a solid reputation for quality and customer service.
In conclusion, while solar energy has some difficulties, for many users, the advantages frequently outweigh the problems. You can protect your investment and do your part to promote a cleaner, more sustainable future by completing your research and selecting a trustworthy solar business.
Solar developers generate money by leasing or selling the solar power systems they build to clients, including utilities, commercial clients, and residential clients. They can also enter into Power Purchase Agreements (PPAs) with customers, where the latter agree to buy the energy produced by the system at a predetermined price for a set length of time, or sell the extra energy the system produces back to the grid. In addition, certain solar developers can be eligible for government grants or incentives to assist defray the cost of setting up and maintaining the solar power plants.