Experts predict that roughly one in seven households will use solar panels to supply their electricity by 2030. Many people find the prospect of home solar panels appealing. However, they have some reservations about buying solar panels.
One source of hesitation is the national average price of solar panels. Usually, this cost falls between $15,000-$25,000. This figure leads people to doubt whether solar panels pay for themselves.
However, there is another point to consider; how long will solar panels last? The answer to this question can go a long way to determining if solar panels are worth the money.
So, we’ll explore that question in this guide! Let’s jump right in to get the information you need.
How Long Will Solar Panels Last?
Generally, solar panels last between 25-30 years. This lifespan doesn’t necessarily mean that your panels stop producing electricity at the end of this timeframe. Instead, your system may lose efficiency at the end of this time.
Several factors could threaten the lifespan of solar panels. For example, they could become damaged by wind, debris, or other external threats. However, many solar panel brands can withstand significant damage.
Energy Sage reports that of 50,000 solar panel systems installed between 2009 and 2013, 0.1% of these systems became damaged. Most solar manufacturers test their systems extensively to ensure they can resist these damages.
Can Solar Panels Pay For Themselves?
The oft-touted benefits of solar panels usually mention that solar panels can pay for themselves. However, some people find this promise to be a cause for skepticism. Let’s examine this question in greater detail now that we know how long solar panels last.
As mentioned before, the national average price of solar panels falls between $15,000-$25,000. Several factors can lower this figure, such as federal and state tax credits for solar panel installations.
So, how long does it take for people to pay off solar panels? Ecowatch reports that solar panels can take between 5-15 years to pay off in full.
Let’s say you take up to fifteen years to finish paying off your solar panels. If your solar panels last for 25 years, the final ten years of their lifespan will provide free electricity. At the very least, you’ll receive electricity for a reduced price.
In short, it’s possible for solar panels to pay for themselves. You can save a decade’s worth of money on energy bills you’d otherwise have to pay.
Ensure You Receive a Lengthy Warranty
When you switch to solar, you’ll hire a solar installation crew to install the system on your house. These companies provide warranties for several types of solar panels, allowing you to get free repairs if something malfunctions in the system.
These warranties ensure your panels remain in top condition for years to come. You can also lengthen their lifespan by scheduling regular maintenance checks for the system.
Find the Best Solar Panels Today
Hopefully, this article answered the question, “How long will solar panels last?” Now, you can decide if solar panels seem efficient for your house.
First, we recommend checking that your roof can handle a solar installation. Most roofs need replacing after 15-25 years.
However, a solar installation could be an excellent investment if your roof is in good condition! This system will last as long as your roof and provide free electricity to your house.
Solar panels are just one topic that we cover on this website. We also provide news about several other subjects that may interest you. So, check out our other content today for more helpful information!
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