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Solar panels have a life span between 10 and 40 years, depending on the type of panel. For example, monocrystalline panels can last up to 40 years, while thin-film ones only last between 10 and 20 years. The longevity also comes down to keeping up with solar panel repairs and their related costs .

Although solar panels harness the sun's power, they come at an environmental cost. The manufacturing process requires large amounts of water and involves hazardous materials like cadmium, silicon, and gallium arsenide. These materials don’t pose safety hazards while the panels are in use but can pose a problem when left in landfills. Over time, hazardous materials can leach into the environment. This is why recycling solar panels whenever possible is better than taking them to landfills.

Solar panels should get at least four to six hours of direct sunlight daily. It’s even better if sunlight reaches panels between the peak hours of 10 a.m. and 3 p.m. This is enough to power a home, depending on your solar system’s size and energy needs. Remember that panels will generate some power under cloudy skies or in the shade, and many systems compensate for lower sun exposure by drawing energy from the grid or battery storage.

Installing solar panels is worth it if you’re frustrated with paying high utility bills, live in a sunny location, and qualify for tax credits and incentives. Most homeowners cut between $650 and $1,500 from their utility bills each year by installing solar panels. Over the course of your panel’s warranty, you could save anywhere from $16,300 to $37,500, though those in sunny areas with high energy costs could save more than $100,000.