The Biggest Pros And Cons Of Installing Solar Panels

Regardless of where you live, energy costs are going up, prompting homeowners to look at ways they can save money. The comforts afforded to most Americans, like air conditioning, home appliances, and electronics, are difficult to go without as they have become essential to daily life. Installing solar panels can save you an average of $125 monthly, according to Forbes. That means your savings could add up to $1,500 a year. You can also save money when installing your own solar panels at home with these handy tools.

Self-reliance has grown in popularity, with more and more people wanting to live off-grid. As of 2020, upward of 180,000 households in the U.S. had relinquished their dependence on public utilities, according to Home Power magazine (via Daily Mail Online). Solar panels are a great way to generate and store energy if your goal is a self-sufficient homestead.

While the alternative, namely coal, is a reliable means of generating power, it also contributes an estimated 15.22 billion metric tons of carbon dioxide globally, according to Statista. Depending on your location, your power grid could be supplied by a coal plant. However, by installing solar panels, you can reduce the amount of energy you need from the coal plant, replacing a portion of it with power from the sun.

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