Florida is called the Sunshine State for a reason. Floridians know how much the sun’s rays impact their hobbies and homes. It only makes sense that more residents begin investing in solar panels. 

Using solar energy is an excellent way to live more sustainably. If human-caused climate change continues, the sea level along the coasts could rise from 1 to 4 feet. This will submerge beaches and wetlands and put the entire state at risk. Solar energy is one way to reduce the carbon emissions you contribute to the changing climate. 

There are many advantages and some disadvantages to choosing solar as one of your home investments. Here’s how to determine if solar is the right choice for your house. 

Pros

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There are many positives to installing solar panels in your home. Here are the top five advantages. 

1. They Save You Money 

One of the most significant perks of investing in solar energy is the long-term savings. You can save nearly $30,000 in power costs within 20 years. Climate can impact how much energy you gain from your panels, and Florida is a prime location for investing in the source. The abundant sunshine makes it a no-brainer.

2. You Don’t Rely on the Power Grid 

Getting energy from the sun means you will utilize the power grid much less than you would with traditional utility systems. This frees you from having to rely on a system that is sometimes under a great deal of strain.

Solar panels rarely operate without some conventional electricity use, but they utilize far less than you would without them — hence the energy bills savings. Storing some of your power means you could keep it on when an outage occurs. This can be a valuable commodity. 

3. They Slice Your Carbon Footprint 

Solar energy is a renewable energy source. Gathering the sun’s power doesn’t remove the ability for others to enjoy it. Sunlight also does not release carbon emissions into the atmosphere, which increases the impacts of climate change. 

Everyone must take action to preserve the environment for future generations. You can play a part by using solar energy. 

4. You’ll Break Even Pretty Quickly 

The sun is abundant in Florida, providing excess solar energy for your use. You can recoup the initial installation costs within the first decade due to savings.

On average, the cost of solar panels comes back to a homeowner between nine and 12 years. However, homes in states with high amounts of the sun's rays could recoup those costs in fewer than seven. 

5. You Can Control Your System

Homeowners have more control over a solar system than with standard electricity. You can prepare your roof for the installation and make changes as needed.  

Place your panels where they will get the most sunlight. During your twice-a-year inspections, you can determine if you need to adjust your panels or landscape to maximize your energy. The rest of the system is durable and should not need much maintenance. 

6. They Increase Your Home’s Value 

Solar panels are valuable for many homebuyers, especially in the Sunshine State. For every $1 you save on your energy bill, your home value increases by $20. 

Buyers often want solar panels but don't have the time or money to install them. They will likely agree to a higher purchase price to reap the benefits if they are already there. Homes with solar panels also sell 20% faster than homes without them. 

Cons 

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Floridians must consider a few potential cons before purchasing their solar system. Investments and lifestyle changes can influence whether you should install the panels now or wait to purchase your system.

1. Upfront Cost 

Solar panels are expensive, with an average starting cost between $13,000 and $26,000. However, the federal government recently implemented tax credits to encourage citizens to invest in renewable energy sources. 

These incentives reduce the upfront cost of your solar panels between $9,000 and $18,000. You will make up for those costs in the energy savings you will get over the next few years. However, an aging population means not everyone may recoup their investment. 

2. You Can’t Move With Your Panels 

Solar panels might not seem worth it if you’re planning on moving. While they raise home value, the upfront cost of adding them to your home might be too much if you will not reap the benefits. It’s better to save your solar panel budget for your new residence. 

3. Lack of Renter Knowledge

Maintaining and resetting your solar energy system differs from how most people grew up, although it’s easy to learn. If you rent your Florida home, you might hesitate to install solar panels if something goes wrong. 

It can be hard to manage any glitches requiring a panel reset when renting your home out. You could explain how to work the plugs and breakers over the phone, but you might want to avoid risking your investment with someone who could cause more system damage. 

Choosing Solar for Your Florida Home 

Solar is an excellent choice for many homeowners, though some Floridians may decide not to take the leap. Knowing the pros and cons of adding a solar energy system can help you make the best decision for your home and reap its many benefits.