Why You Shouldn’t Delay Going Solar: The Cost of Waiting

Homeowners on the fence about going solar may assume that thinking on it for a while couldn’t hurt. After all, renewable energy is a big investment, right? However, the true cost of waiting to install solar panels may surprise you. With the unpredictable nature of utility rates and the clock ticking on various financial incentives, the benefits of solar are intrinsically linked to your timing. Today, we’ll discuss why now is the time to go solar and what you may lose by waiting. 

Understanding the Cost of Waiting to Go Solar

Delaying your solar installation can lead to a number of financial consequences that affect your overall savings and ROI. 

The Financial Implications of Delaying Solar Installation 

Many homeowners who are waiting to install solar panels underestimate the cost of staying tied to their utility provider. Here’s a quick overview of the adverse effects you may encounter by postponing your switch to solar: 

• Rising utility rates: Steadily increasing utility costs and unpredictable fluctuations can have a major impact on household budgets. 
• Missed savings: Every month without solar is a missed opportunity to reduce or eliminate your utility bill. 
• Higher installation costs: While the cost of materials has decreased over time, inflation, tariffs, supply chain disruptions, and rising labor costs may drive up overall prices. 
• Lost ROI: Solar is one of the rare home upgrades that actually pays you back, but waiting will further delay your ultimate payoff. 

The Importance of Timing in Solar Installation 

The adoption of rigorous Renewable Portfolio Standards by some states prompted an influx of rebates and tax incentives for solar panel installations, encouraging homeowners to go solar by offering enticing financial perks. The federal government even created its own rebates, such as the Investment Tax Credit (ITC), which offers homeowners up to 30% off their upfront costs. But these incentives won’t last forever. The ITC reimbursement is scheduled to drop in the coming years, limiting the financial benefits homeowners may receive. Some states are also tightening the reins on rebate programs as they inch closer to achieving their sustainability goals. Together, these modifications may affect self-contained residential installations, those linked to net metering programs, and community solar initiatives. 

Moreover, the cost of waiting to install solar increases as you miss out on energy savings you could be enjoying each month. And each day that you put off this decision is another day you’re completely reliant on the aging utility grid. 

Rising Utility Rates: A Ticking Clock

Ever-increasing utility rates pose a significant problem for many households and compound the urgency of adopting solar energy. 

How Energy Prices Impact Your Long-Term Expenses 

According to data from the Energy Information Administration (EIA), utility rates have increased by 2.85% annually for 25 years, with some states experiencing price hikes of nearly 5% each year. In 2022 alone, electricity prices ballooned to 14.3%, double the overall inflation rate. Higher fossil fuel prices, costly infrastructure improvements, and frequent weather events are all partially to blame for this phenomenon. 

As of February 2025, the average price for electricity nationwide is 16.44 cents per kilowatt-hour (kWh). If these trends continue, we could see rates of 20 cents per kWh by 2030, placing excessive strain on the typical US homeowner. 

The Cost of Procrastination 

Rising fossil fuel prices and utility rates directly and indirectly impact many aspects of solar panel adoption, from manufacturing costs to installation. As traditional energy prices increase, more homeowners opt for renewable energy, driving up demand and potentially spiking the costs of both raw materials and labor. By waiting to install solar panels, you subject yourself to volatile electricity rates, unpredictable monthly bills, and the whims of the market. During this time, you could be generating your own clean, renewable energy with solar panels that continually offset electrical costs. After all, for every kWh of power your system creates, you can deduct that same amount from your electricity bill. 

Tax Incentives: Time-Sensitive Treasures

Valuable tax incentives and rebates won’t last forever, so strategic timing is essential when it comes to reaping the benefits of solar.

Overview of Available Federal and State Tax Credits 

The federal Investment Tax Credit currently reimburses homeowners up to 30% of the initial costs of solar. However, these rebates will drop to 26% in 2033 and 22% in 2034 before expiring in 2035. In order to qualify for any refund amount, homeowners must install their array by December 31, 2034. Proposed legislation, such as a bill to eliminate the ITC altogether, could put a stop to reimbursements even sooner. 

Other solar incentives vary by state and include sales and use tax exemptions, property tax exclusions, and clean energy grants. While no federal or state tax incentives are guaranteed forever, you can make the most of your investment by acting quickly and claiming the available rebates while they last. 

Consequences of Missing Out on Incentives 

Unfortunately, the current availability of these programs isn’t a guarantee of future benefits. In 2021, Iowa failed to extend its state-wide solar tax credit, causing about 750 homeowners to lose out on thousands in anticipated savings. Maryland canceled the state’s Commercial Clean Energy Grant Program in November 2024. Meanwhile, California, North Carolina, and Indiana have reduced net metering reimbursement rates, directly affecting homeowners’ financial benefits. 

There is also growing uncertainty about the future of the federal Investment Tax Credit after 2025. While reductions are currently scheduled to begin in 2033, proposed legislation could eliminate the credit entirely even sooner. Homeowners who wait may miss out completely on this major financial incentive.

In addition, new tariff surcharges on solar materials may be introduced in 2025. The earlier you go solar this year, the more likely you are to avoid potential cost increases from these policy changes.

Energy Independence: A Pressing Priority

Over-reliance on traditional energy sources inherently limits your control over your carbon footprint and the future. 

The Risks of Reliance on Traditional Energy Sources 

Growing power grid stress is a highly compelling reason to go solar now. The centralized grid structure makes the system more vulnerable to disruptions, increasing the risk of blackouts, equipment failures, and cyberattacks. The US’s aging infrastructure is another cause for concern, as weather events may knock out power to more and more homeowners in the coming years. Even when the grid is functioning properly, volatile energy prices create uncertainty with each billing cycle. 

Choosing to go solar now can insulate you from these effects and enhance your energy security. 

The Benefits of Solar Energy for Independence 

Solar energy is a powerful tool for energy independence, especially when arrays include ample battery storage. The ability to generate and store clean energy puts you back in the driver’s seat. By manufacturing your own solar energy – and storing surplus power for later use – you’re no longer restricted by high monthly bills and frequent outages. You’ll also gain invaluable peace of mind with the knowledge that you’re protected from grid disruptions. 

Solar Energy Boosts Home Value Instantly

Increased property values are another great reason to go solar now. Recent studies have shown that solar panels can boost property values up to 10%, immediately enhancing your home’s equity. Eco-conscious home buyers are often willing to pay higher prices for the promise of energy efficiency, especially when solar arrays are purchased and fully paid off. In many cases, a renewable energy system can also help homes sell 20% faster, spending less time on the market than similar grid-dependent properties. 

With these statistics in mind, solar emerges as a strategic move for homeowners looking to list their properties in the future, but delaying the decision can affect your return. Buyers want to know that the higher cost of a solar-equipped home is worth it, and offering real-world savings is a great way to reassure them of the benefits. 

What You Need to Know About Solar Tax Credits & Incentives

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The Emotional Weight of Procrastination

The decision to go solar now isn’t simply financial or technical – it can also be highly emotional. But waiting to install solar could come at a psychological cost. 

Psychological Impacts of Delaying Decisions 

Whether you’re talking about solar panels or another big decision, procrastination can lead to mounting stress and anxiety. You may find yourself in a mental loop, rehashing the same questions and concerns without taking action. For instance, if you’re weighing the benefits of solar timing, you might feel frustrated about rising utility bills and concerned about missing out on available incentives, while also feeling overwhelmed by conflicting information or an abundance of options. 

During this time, proactive decision-making can foster confidence and peace of mind. Remember, the benefits of solar energy will grow over time, supporting long-term financial stability and a more sustainable future. 

Finding Clarity in Your Solar Journey 

A free solar estimate is a great way to begin your journey to a more sustainable future, offering valuable insights into your solar potential. This tool can help you determine the feasibility and benefits of installing solar panels on your property using your location, energy consumption, and roof condition. You’ll also learn about the best financing options available to make the investment more feasible. 

Additionally, a knowledgeable solar expert can help you better understand your own energy needs, determine the right array for your home, and offer guidance on battery storage and grid interconnection programs. These local pros also know which incentives are available in your area, and will happily help you navigate the application process once your array is installed. An experienced industry advocate can help you make an informed decision and secure the highest possible return on your investment. 

Sustainability: A Now-or-Never Opportunity

The cost of waiting to go solar extends beyond personal financial consequences. Delaying the decision could have adverse effects on the planet, too. 

The Environmental Impact of Delaying Solar Energy Adoption 

Fossil fuels are a leading cause of climate change, and continued reliance on these non-renewable resources will have disastrous effects on the environment. According to the Environmental Protection Agency, 25% of greenhouse gas emissions are a direct result of traditional power generation, stemming largely from coal and natural gas. Many scientists agree that we must make significant changes to our current practices in order to minimize the effects of rising global temperatures.

Solar energy is an essential tool in the fight against climate change. While photovoltaics are the fastest-growing energy technology in history – and may completely replace fossil fuels by 2050 – many current effects of climate change are already irreversible, so time is of the essence. 

Taking Action for a Sustainable Future 

Missed savings, diminished returns, and the looming effects of climate change are just some of the costs of waiting to install a solar panel array. Taking time to determine your energy needs is wise, but delaying your decision can have significant consequences for your wallet and the planet. Now is the time to go solar, and the experts at Solar Energy World can help you navigate the process. Reach out today to learn more! is here to help. Get a free solar estimate today to get started!