Should I wait until the technology improves to go solar?

Written By Tina Boniface

On May 22, 2015

At a Glance:

There's no doubt that solar technology will continue to improve over time, but is it worth waiting to purchase your own solar power system because you'll get a better deal? There a number of factors that go into determining your solar payback period, but you may be losing out on valuable savings by waiting.

As a long-time advocate of solar energy – and an employee at one of the longest established solar design and installation companies, Independent Power Systems, I often talk to people about the benefits of getting a solar electric system installed to power their home. And a typical question I encounter is:

“Shouldn’t I wait until the technology improves?”

My answer: No doubt that solar panel technology will continue to improve. Research is ongoing and the industry is constantly coming up with things like thinner silicon wafers (silicon is the main raw material in a solar cell), frameless solar panels, microinverters – all of which contribute to broadening the menu of solar power options.

However, it is true that most changes in design and efficiency are minute. Research and development take time, and any innovations need to be properly field-tested and then brought to market. This process takes years. Unlike the rapid changes in IT technology such as smartphones – where bells and whistles are constantly being tweaked – solar panels (and the other components of a solar electricity system) are already evolved to a high degree. Where there will continue to be significant changes in solar is in decreasing costs of installation and the permitting process – as communities adopt more solar-friendly policies. Over the next few years, solar-generated electricity will come to be closer in cost and even cheaper than coal and gas-generated electricity.

Solar PV (photovoltaic) technology is simple, effective, and efficient. Silicon-based solar PV panels are a tried and true technology. As a solid-state technology, there are no moving parts to a solar panel! Your solar panels will perform reliably for up to forty years. (Better quality panels will offer higher performance for a longer time.)

Your rooftop solar power plant can be designed to power your entire home – depending on the size of the system and choice of the panel. (There are panels — specifically those made by SunPower – with efficiencies as high as 23%.) In some cases, your system will even produce excess power, which will supplement the grid (and you may receive a check from your power company). You may even be thinking about getting an electric car in the future – and sunshine can be your fuel.

Yes, you can wait for the technology to improve. But meanwhile, you’re beholden to your polluting fossil fuel-based power company with its steadily escalating electricity prices. On average, electricity prices in the U.S. are increasing at 5% per year. Why not start your savings now? Today. There really is no better time.

Everyone I know who has had a solar PV system installed at their home is pleased with their decision. Solar panels – correctly installed – integrate aesthetically with a house. The homeowner has a high-performance and clean power plant atop their house with a boundless supply of fuel. The system is essentially maintenance-free. Electricity is now free. (There are, however, line and delivery charges.) With a solar PV system, your house has a greater resale value. Your choice to go solar will quickly prove to be a great return on investment. Who wouldn’t be happy?

ground-mounted solar system
Dan Perata

About the Author

Tina Boniface loves to travel, and has worked with people of all ages and cultures in her many journeys. She is a skilled communicator with nearly two decades worth of experience teaching ESL at various American colleges and universities as well as extensive social media and editorial experience. She is fluent in English and French, with intermediate proficiency in Spanish, Italian, and German. In her free time, Tina enjoys a variety of outdoor activities, reading extensively, cooking, eating, and practicing yoga.  

Read More from the IPS Blog

Independent Power Systems Featured on 2020 Top Solar Contractors List

Independent Power Systems has been recognized by Solar Power World as one of its 2020 Top Solar Contractors as well as a Top Solar+Storage Contractor.

The Residential Battery Storage Pilot Program in Fort Collins

Fort Collins Utilities is introducing a new Residential Battery Storage Pilot Program that offers an incentive of up to $1,500 for the installation of new battery storage systems, subject to available program funds.

How Long Do Solar Panels Really Last?

Solar panels are a relatively simple technology that can be expected to reliably produce clean energy for decades. However, not all solar panels are the same quality, so it is critical is to choose the best components upfront to maximize the lifetime savings of your solar power system.

Why You Should Choose High-Efficiency Solar Panels from SunPower

SunPower has been a global leader in solar technology innovation for over 35 years, offering best-in-class residential and commercial solar power solutions. Read more about what makes SunPower and its products unique and why we at IPS recommend SunPower solar panels for every project.

IPS Student Researchers Featured in CRES Webinar for C-PACE Project

Four student researchers from CU Boulder partnering with IPS on their graduate capstone program will be featured in an upcoming Colorado Renewable Energy Society (CRES) webinar focused on local graduate research into the energy transition.


Submit a Comment

Your email address will not be published. Required fields are marked *