Dispelling common myths about solar panel systems in Colorado
Despite the fact that solar panels are dotting roofs all across Colorado, many homeowners still might be skeptical. Several myths exist about this form of energy, including its cost and effectiveness. Below are five commonly held myths and the actual facts that dispel these falsehoods.
Solar Myth #1: Solar panel systems are too expensive.
Colorado currently has some of the best local utility rebates in the country. Rebates from utility providers such as Xcel Energy or Black Hills Energy, combined with a federal tax credit, can pay for more than 50 percent of a system’s cost. You can avoid missing out on these huge rebates by working with a solar installer to lock in your rebate.
Solar Myth #2: Solar panel prices keep dropping, so I should wait to purchase a solar panel system for my home.
Solar panel pricing has gone down over the past several years and is currently at a historic, all time low. One reason for this is the basic law of supply and demand. Currently, solar panel manufacturers are sitting on large inventories of solar panels that they are trying to sell — panels they purchased before the current economic recession hit. Industry competition also has continued to drive down the price of solar panel systems.
However, the market for solar is growing at a rapid pace, and the increased demand is leveling out pricing. With the current incentives pushing an ever-growing demand, the price of solar panels has stabilized.
Solar Myth #3: If I install now, my panels will become obsolete.
While there are new products in development, such as thin-film technologies, most experts would agree that there is nothing on the near-term horizon that will rival the efficiency, durability or performance of the current generation of poly-and mono-crystalline solar panels. Unlike other products, like televisions or computers, the same technology that has been in place for more than 30 years is still the leading technology today. In fact, many of the first solar panels that were ever developed are still in use currently, with only slightly lower production levels than when they were originally installed. As a proven and widespread technology, solar panel manufacturers typically offer an incredible 25-year power production warranty, attesting to the longevity and performance of today’s panels.
Solar Myth #4: Solar panels are aesthetically unappealing and will lower the value of my home.
Most people who make this statement are referring to the older solar water heating (thermal) systems that were installed several decades ago. These large solar collectors, used to heat your home’s water supply, were typically installed on a tilt-up racking system and were larger and much more visible than the even more modern and compact solar water heating collectors installed today.
Solar electric panels, by contrast, are typically mounted flush to your roof, and now come in a variety of sizes and shapes to make them fit the angles and contours of your roof. At only about two inches thick, solar electric panels integrate virtually seamlessly onto your home.
Contrary to some people’s beliefs, homes equipped with solar panel systems are proven to actually increase in value and appreciate over time. According to a study conducted by the Appraisal Institute, the selling prices of homes increased by $20.73 for every $1 decrease in annual utility bills.
For example, a Colorado home outfitted with an average-size renewable energy system would add $20,000 to the overall value of the home at current electricity rates.
Solar Myth #5: My Homeowner’s Association (HOA) would never allow me to install solar panels on my roof.
In Colorado, there is a law that prevents Homeowner’s Associations from forbidding homeowners who wish to install renewable energy or energy efficiency upgrades to their homes. This law was actually strengthened in August of 2008, and it now includes a more extensive list of energy-saving improvements you can make to your home.
Solar panels are not only cost-effective, but save money in the long run and can increase the overall value of your home. Solar is not a futuristic idea — it’s becoming more commonplace everyday and will continue to grow in popularity as more of these common myths are shattered.
Founded in 2006, Standard Renewable Energy (SRE) is the nation’s largest Distributed Energy Services Company (DESCO) and leading provider of energy efficiency and on-site renewable energy solutions for homes and businesses. Products and services include solar and wind energy systems, energy monitoring, energy audits, efficiency heating and cooling products, high-efficiency insulation and lighting, solar window film and more.
By Zeke Yewdall, Chief Electrical Engineer
Standard Renewable Energy
www.sre3.com




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