Solar panels become a popular topic among homeowners. People want to know if they are a good choice. Are they good or bad? Let’s find out!
In this article, we will talk about the good things and the not-so-good things about solar panels for homeowners in Ohio. By understanding the pros and cons, you can make an informed decision about whether solar panels are right for your home. Let’s explore the sunny side and the shady side of solar panels in Ohio!
Pros
There are several advantages when you install solar energy today in Ohio. Here are some of the key benefits of solar energy for homeowners in Buckeye State.
Lower Energy Bills
One of the best things about putting solar panels on your home in Ohio is that you might be able to save money on your energy bills. By using the sun to power your own home, you can use less energy from the grid and avoid the rising cost of electricity.
As of February 2023, the average price of energy in Ohio homes was 14.60 cents per kilowatt-hour, according to the U.S. Energy Information Administration. With a normal residential solar panel system that produces between 6 and 8 kilowatts, Ohio homeowners could save hundreds of dollars each year on their energy bills.
Increased Home Value
Solar panels can do more than just lower your energy bills; they can also raise the value of your house. Studies have shown that on average, homes with solar panels sell for 4.1% more than homes without them. This means that you can enjoy the benefits of solar energy not only while you live in your home but also when it comes time to sell.
Environmental Benefits
One of the best things about solar panels is that they are good for the Earth. Homeowners in Ohio can lower their carbon footprint by getting clean, renewable energy from the sun. It can also help stop the environment from getting worse.
The National Renewable Energy Laboratory says that the average solar panel system in an American home removes about 8,000 pounds of carbon dioxide every year. This is the same as planting more than 100 trees or going over 8,000 miles in a car.
Financial Incentives
Ohio homeowners can also take advantage of a number of cash incentives to help pay for the cost of putting solar panels on their homes. The federal government gives you a 26% tax credit for the cost of a solar panel system, which you can use to lower your income tax bill.
Ohio also has a number of state-specific incentives, such as a property tax exemption for the added value of solar panels, a sales tax exemption for buying solar panels, and a green energy credit program that pays homeowners for the extra energy they produce.
Energy Independence
Lastly, putting solar panels on your Ohio home can give you the freedom to choose your own energy source. By using the sun to make your own energy, you can use less electricity from the grid and avoid power outages and blackouts.
This can be especially important in Ohio, where severe weather like thunderstorms, tornadoes, and blizzards can disrupt power supplies and leave people without energy for days or even weeks at a time.
Cons
While there are many benefits to installing solar panels in Ohio, there are also some potential drawbacks that homeowners should consider before making the decision to install them. Below are some f the disadvantages of installing solar panels in Ohio for homeowners.
Upfront Cost
The initial cost of putting solar panels on a house in Ohio is probably the most important thing for people who want to buy a house. Most homeowners still have to pay a lot upfront because they need to buy tools to put in the panels.
There are also costs for upkeep and extra materials and services, like wiring and transferring electricity, that may not have been included in the original installation fee. Those who can afford it will save enough money on energy over time to pay for the initial cost, but it is still a big thing to think about.
Weather Dependence
Another potential downside of solar panels is their dependence on weather conditions. While Ohio receives a moderate amount of sunshine throughout the year, there are still periods of cloud cover and inclement weather that can affect the amount of energy your solar panels can produce.
In addition, during the winter months, snow and ice buildup on your solar panels can significantly reduce their efficiency. This can be especially problematic in Ohio, where winter weather can be severe.
Maintenance and Repair Costs
While solar panels are generally low-maintenance, they do require some upkeep over time. This can include cleaning the panels to remove debris and ensuring that they are functioning correctly.
In addition, if your solar panels require repairs, the costs can be significant. While solar panels are designed to last for several decades, components like inverters and batteries may need to be replaced after 10-15 years, which can be costly.
Homeowner Association Restrictions
Some homeowner associations in Ohio may have restrictions on the installation of solar panels. This can be due to aesthetic concerns or concerns about property values.
If you live in a neighborhood with a homeowner association, it’s essential to check their guidelines before installing solar panels on your home. If you are prohibited from installing solar panels, you may need to consider other options for renewable energy.
Return on Investment
While solar panels can save you money on your energy bills over time, it’s essential to consider the return on investment (ROI) before making a significant investment in solar energy.
The ROI for solar panels can vary depending on several factors, including the size of your solar panel system, the amount of energy you consume, and the cost of electricity in your area. It’s essential to calculate your expected ROI before installing solar panels to ensure that it makes financial sense for your situation.
Get Solar Panels in Ohio Now
Solar panels in Ohio are an environmentally friendly, cost-effective way to help homeowners become more self-sufficient. However, they come with their own unique risks and benefits.
Researching and understanding the pros and cons of installing solar panels can help homeowners make the right decision for their homes and family. Get started on a free solar panel consultation today to get the facts and make an informed decision.
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