Will my Solar System become obsolete?
Home Solar Systems are becoming more available for home and business owners a like that are interested in upgrading to raise the a common valid concern(obsolete technology). This concern is in fear of after purchasing a home solar system that their system will eventually becomes obsolete as the industry continues advances its technology. Although, nothing in technology can be built to last for ever, its built with the intention of “I won’t have to replace it for X amount of years.” This is something that we keep in our minds as we purchase technology such as smartphones, computers, and even automobiles.
Solar technology does not become obsolete in the way that we normally associate obsoleting with other pieces of technology. This is due to the slow advancements in the renewable energy field, more specifically solar energy. Unlike aged smartphones that are unable to run the most up-to-date operating systems and other updates, solar panels continue to produce the amount of electricity projected when it is installed for its entire lifespan, which is more than 25 years. Solar panels have only established a conversion efficiency of 24% which honestly hasn’t moved that much from its prior state. While it is true that technology will continue to advance and equipment will become more cost efficient, it is not known for sure whether solar companies will pass all of the benefits onto their consumers. Solar companies compete with utility electricity prices – which have been increasing annually – so it is very likely that solar companies will continue to offer you the same prices as it will still be competitive with rising utility electricity prices.
There is a chance that regulatory and safety changes may be put into effect when it comes to the solar energy industry – but it is likely that you will be grandfathered in to meet these requirements. You should confirm this with your solar provider in case that standard agreements do not include this protection for you. Also, purchasing power agreements (PPAs) can be developed to protect you and your equipment. Under PPAs, the solar company technically will own the solar equipment and will be responsible for keeping the system up to the relevant codes and standards.
As it stands making the initial switch to solar should be the first priority. As we all know, technology is going to get better and there will always be the next best thing around the corner. However, this shouldn’t be a damper on making the switch to such a proactive movement. Having a home solar system generate electricity will save move money then spent, regardless if there are devices that are better. If you have neither of the devices, you aren’t really saving money. The scenario is a classic catch 22, you need to have a solar system to save money on when it comes to the electric bill. But the longer you wait to switch to solar, you could have already been saving money and producing energy for your residential home solar system.