Insights Blog
May 17, 2024


As renewable energy and its many benefits continue to gain traction in mainstream media, many homeowners are becoming more and more interested in installing solar power systems in their homes. While the primary interest comes from the potential savings in electricity, converting to solar power also contributes to the larger Sustainability mindset and practice that is sweeping the world.  


If you are among the growing number of people who are seriously considering the leap to solar energy, here’s a very brief pro and con overview of some of the major aspects to consider before you dive in.

Con: High Cost of Installation

Going solar involves more than just installing solar panels, but rather an entire system in order to provide your home with a sustainable source of electricity. Some of the main components you need are:


a. Solar panels 

b. Inverters 

c. Mounting equipment

d. System design 

e. Legal permits

f. Labor 

g. Other installation materials


Fortunately, we’ve gone beyond the DIY-way of doing things and there are now several local companies you can contact to expertly install the system for you. We strongly advise you to consult with experts in order to avoid unnecessary costs, technical problems, and serious accidents

Pro: (Potential) Savings on Electricity Bills

Installing a solar power system may get a little pricey, but many seriously consider it despite this due to the possibility of significantly reducing their electric bill over time. The extent of savings depends on factors such as your house’s location, solar power system size, energy consumption patterns, and available sunlight. Stories in the media paint an envious picture of homeowners who have reportedly enjoyed not paying a single centavo in electric bills for several months.1,2


Some have even taken part in their power distributor’s net-metering program—which is an option for those who generate enough solar energy to sell back power to their distributors, resulting in lower electric bills.

Pro: Special Financing

Further testament to the growing popularity of sustainable energy, several banks and other financial institutions have launched solar mortgage products. Similar to how auto and housing loans work, a solar mortgage allows homeowners to borrow funding specifically for the installation of solar power systems to be paid in installments. Some banks even have tie-ups with vetted solar panel manufacturers—something worth inquiring about.


Choosing to go solar may not necessarily be for everyone. But with the proper research and guidance, you might just discover that it is a worthwhile investment that can lead to significant savings and quite literally, a brighter future.

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