Only a few Earth Days ago, people felt there was relatively little they could do to combat climate change. But today more and more homeowners are finding their slice of energy independence by installing solar energy at home. This Earth Day, SolarCity CEO Lyndon Rive is celebrating by busting the top five myths about solar power.
Myth #1: “Solar is beyond my budget!”
Lyndon Rive: Solar has never been more affordable, and a solar roof can cut the typical household’s electric bill in half. Moreover, federal, state and city governments are offering unprecedented incentives for homeowners to go solar. Today an investment in solar typically delivers greater than 10 percent annual return over its 30-year lifetime. Now that’s a solid investment no matter what shape the economy is in!
Myth #2: “I will lose power when the sun goes down.”
Lyndon Rive: Because you’re still connected to the grid, you won’t have any problem keeping the lights on at night. A solar roof will dramatically reduce your electric bill by turning abundant sunlight into clean power during the day, when electricity rates are highest. When the sun goes down, you draw energy from the utility grid at low, night-time rates.
Myth #3: “It’s too much of a hassle.”
Lyndon Rive: Homeowners should look for an established solar installer that puts special emphasis on simplifying the process for going solar. A good solar installer will take care of all the red tape and guide you through the entire process.
Myth #4: “But these panels will look terrible on my beautiful roof!”
Lyndon Rive: Solar roofs have come a long way in both appearance and performance. The exposed steel frames and black checkerboard panels are out. These days it’s all about sleek, ultra-thin, reflective-black panels that lay flat against the roof surface.
Myth #5: “I’m only one person with one roof. How can I do anything to stop global climate change?”
Lyndon Rive: By going solar, you will be saving money while joining a broad movement fighting climate change. We estimate that over the next 15 years, each solar roof on a typical 3-bedroom home will remove approximately 82,000 lbs of carbon dioxide from the atmosphere – equivalent to driving an average car 100,000 miles. And with the typical household saving thousands of dollars on the electric bill over the years, that’s money that can go into the bank, toward your kid’s college tuition, or toward that much-needed family vacation.