All solar panels are the same
False: Solar panels like cars are all different. They make different amounts of energy measured in watts, they have different rates of decline in energy over time, they have different types of warranties. Like cars a Mercedes sedan is vastly different than a Chevrolet sedan. Although they are both cars the quality of the parts that make up the cars is tremendously different
When the power goes out my solar system will power my property?
False: All solar power systems have sensors that send signals to the (grid) and they get responses back which tell the solar system it’s safe to send power “out” to the grid. When the grid fails these signals tell the solar system to turn off and to stop making power because it has no where to send the extra power the property isn’t using.
Adding solar is only worth it if the entire bill can be eliminated?
False: If the monthly power bill is $200 and adding solar can reduce the payment to the power company to only $50 AND the investment is creating a return of 9%-12% on the original cash invested, then the investment was worth while. The idea that “it’s only worth it if the entire bill is eliminated” is essentially saying I don’t want to make an investment in “Amazon” unless I can own 1,000 shares and not buying the 50 shares you have the cash to invest with. Whether solar saves $50 or $500 per month, getting a positive return on that capitol makes it a great investment
Adding solar to a property is a purchase that needs to be measured in a linear (ROI) or years until it pays for itself
False: Solar like stocks is an investment, that is measured by the return of financial benefit in percentages. When a stock
investment is made there is a hopeful percentage gain on that investment, the same should be looked at with solar. A proper system design may have a an annual return of 9% - 12% on a south roof, where that same system on an east/west roof may have a 6%-9% return. In either case, that investment return is how the value of solar should be measured. Not the years
Getting the cheapest solar system possible will increase my % return on my investment
False: Cheap solar equipment degrades in its ability to output power faster ergo the power bill will begin to rise at a faster rate, making the investment return decline. Additionally cheap equipment generally doesn’t have a warranty that protects the equipment and (investment) so when any issues occur (new) money is spent making those repairs and replacing parts and that takes away from the positive gains solar originally provided. Much like a stock declining in value due to a stock market crash.
Everyone that sells solar is highly qualified and should be trusted
False: Many solar companies hire anyone that is looking for a “job”, there are no rules and regulations requiring that those who explain, design & sell solar systems are required to have specific certifications and training. Therefore the consumer can be at risk with their investment in solar. However there are individuals who are highly trained who have gone to school & studied in the solar industry and who obtain NABCEP certification (North American Board of Certified Energy Practitioners). There are also companies that staff themselves with numerous individuals that have the certification to guide those who don’t as well. Would you invest $50,000 with a (non) certified financial planner or with the barista from Starbucks that read a solar article? Hopefully the answer would be no