Solar energy is the type of energy which is gained from the sun and then extracted through the usage of photovoltaic cells and this turns sunlight absorbed into electricity.
Meanwhile the need for installing solar panels for business purposes or household purposes is increasing steadily because as when compared to other sources of energy, solar panels which generates solar energy are a great choice.
There are many reasons why homeowners go solar, meanwhile improving the environment and cutting energy costs are the most common. Whether your motivations for going solar are economic, environmental, or personal, this sizable list of solar power benefits will have something for everyone.
Here we have listed 11 of the top reasons for property holders, Business owners and entrepreneurs and even a few leaseholders to invest in solar panels and what benefits it has to offer:
1. Drastically reduce or even Eliminate your Electric Bills
Whether you’re a homeowner, business, or nonprofit, electricity costs can make up a large portion of your monthly expenses. With a solar panel system, you’ll generate free power for your system’s entire 25+ year life-cycle. Even if you don’t produce 100 percent of the energy you consume, solar will reduce your utility bills and you’ll still save a lot of money.
2. Earn a Great Return on your Investment
Solar panels aren’t an that so much expense. They’re one of the best ways to invest, with returns rivaling those of more traditional investments like stocks and bonds.
3. Save so much Money through Solar Energy
It helps to greatly protect you against rising energy costs because one of the most clear cut benefits of solar panels is the ability to hedge utility prices. In the past ten years, residential electricity prices have gone up by an average of three percent annually.
Power from utility suppliers is never ensured a set value, rising and falling apparently without cause or impact. Also, with no other alternative, consumers must choose the option to pay whatever the present cost is.
On the other hand if we compare the conventional power with the solar power, the cost of a solar panel remains same. If you plan on financing or leasing your system, at that point you have a set, minimal payment every month that replaces your power bill.
And If you purchase your panels in full, at that point on-wards your energy cost becomes 0. Yes, you heard it right. It becomes 0. These factors make it more economical and should be used as compared to other sources of power like electricity.
By investing in a solar energy system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs. If you’re a business or homeowner with fluctuating cash flow, going solar also helps you better forecast and manage your expenses.
4. Solar Energy Increases your Property Value
Multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes.
Appraisers are increasingly taking solar installations into consideration as they value homes at the time of a sale, and as home buyers become more educated about solar, demand for properties equipped with solar panel systems will continue to grow.
5. The Sun is Reliable
As long as there’s an earth, the sun will continue to shine. Just one square meter on your roof can heat as much hot water in one year as using about 400 to 500 units of electricity.
6. Proven and Reliable Technology
Solar panels have been around for a long time now and have proven their reliability. They are a relatively simple technology, with few moving parts. They’re created to be durable and require little maintenance. All this plus an easy installation, adds up to a low risk when it comes to solar technology.
Solar panels don’t consist of any moving parts so they are not harmed or damaged very easily. Due to this, the chances of any kind of interruption in the services provided by solar panel becomes zero.
All solar panels are thoroughly tested in order to guarantee they can withstand all kinds of outrageous climate conditions and high breeze, for example hail and overwhelming snowfall.
Solar panels prove to be highly rigid and highly resistant to extreme turbulence and even in such conditions, the efficiency with which they work is great.
The most ideal approach to keep your solar panels working for a longer duration of time, is to work with a trustworthy installer that offers strong client administration and provides good services in a timely manner.
It’s very essential to buy solar panels that have robust guarantees. Most of the times, the solar panels come with 25-30 year warranty guaranteed by the original installer which covers all the defects and the environmental damages.
7. Solar Panels Can Help You Make Money
When you have installed a solar panel in your house and it is consistently generating more power than you are consuming, in such cases you get an opportunity to sell that energy back at a premium.
This excess energy, which is not consumed, can be pushed back onto the grid and can be sold to the power provider. Many utility companies are required to purchase this excess power.
In a contrasting scenario, you can share this excess generation of power among your neighborhood consisting of people who don’t get enough power by sharing an agreement with them.
Based on that agreement you can charge them for the amount of electricity they consume in a certain amount of time. Such kind of investments will reap a lot of benefits for you and will act as an extra form of income for you.
It will help you in managing your expenses in a much more efficient way since the expenses saved here or these savings can be can be utilized in some other areas as per your convenience.
8. Solar Energy helps to Protect the Environment
Obviously, one of the main reasons to install solar panels is because they help the environment. Solar power systems import clean, pure energy from the sun. Installing solar panels on your home or business helps combat greenhouse gas emissions and reduces your dependence on fossil fuel.
Solar power is one of the most effective ways to decrease the carbon emissions. Solar power does not produce any harmful emissions that affect the environment unlike conventional power.
The installation of even one solar panel system counterbalances or diminishes 178 tons of carbon dioxide over a time span of 30 years, which is comparable to 10 football fields brimming with trees.
Moreover, unless you compare this volume to the energy reliant on power created by coal and oil, it won’t appear much and you won’t get the clear picture.
These factors contribute to overwhelming global warming effects. Rather than consuming non-renewable energy sources that gradually pulverize the Earth’s ozone layer, which shields ice tops from dissolving, in addition to other things.
Solar energy extracts the energy from the natural resources and doesn’t hurt the environment and play a huge role in saving the environment.
Hence, all these factors make solar panel an extremely great eco-friendly source.
Traditional electricity is sourced from fossil fuels such as coal and natural gas. Consequently, when fossil fuels are burned to create energy, they emit toxic gases that are the primary cause of pollution and global warming.
9. Solar Panels Usage Is Good For Wildlife
Solar power is great, from a resource or a climate perspective and for our ecosystem; the reduction in greenhouse gas emissions is really good.
Making solar panels comes with a very small environmental footprint. But in terms of encouraging a greater bio diversity having solar panels can be good for our nature.
There have been a lot of reports proving that farms consisting of solar panels benefit our wildlife in a great way. And by doing solar panel integrations in a right way, farms can keep on providing us with food products and also be a source of biodiversity and energy.
The solar farms can extract a great amount of solar energy and store it in their batteries for distribution to their customers. Hence, a great amount of profit can be earned from the solar panel usage.
10. You Can Use Solar Panels All Day
One of the numerous myths about solar power includes apparent confinements or limitations power generating capability of solar panels.
Solar energy gets generated from daylight not sunlight, so even on rainy or cloudy days solar panels work to produce energy. Solar panels consist of batteries, which act as storage units so even if there is no sunlight they have enough light to use at night times.
All the energy gets collected in the first part of the day and the evening hours, creating more power than you can utilize.
The consumer can utilize solar panels to do any kind of work at any time of the day since solar panels keep on providing energy throughout day and night without affecting your energy bills.
The excess power generation can help the consumer utilize it for various purposes without shedding that much money and reaping all the benefits it has to offer. Hence, you should consider this renewable source of solar power.
11. Solar Panels are Becoming More Affordable
Now is a great time to invest in solar panels because their costs are steadily declining. This means they are becoming more affordable and accessible even for people who are on a budget.
Additionally, if you are unable to pay for the cost of the system upfront, you may be able to work with a lender to pay off your system in installments until you eventually own it yourself. Some lenders may not require an initial down payment, which means you could have a system installed relatively quickly without having to spend a lot of time saving up money.