Inflation is a global phenomenon. People from around the world are finding it more and more difficult to manage routine expenditures. Countries that rely exclusively on traditional energy sources like fossil fuels, water, and nuclear for power production have increased electricity costs exorbitantly for domestic and commercial consumers. Owing to high prices and the economic situation, the demand for energy alternatives like solar panels has considerably increased at every level; be it domestic or commercial.
Cost saving is just one benefit of solar energy. Read on further and understand why solar energy is the best way forward.
Renewable Energy Solution
Solar energy is one of the most sustainable forms of power generated by sunlight. Solar panel installation not only supports the lowering of carbon emissions but also reduces the aftermath of global warming, such as acid rain, soil erosions, and environmental pollution.
Solar panels convert sunlight into renewable energy without emitting greenhouse gases; carbon-di-oxide, poisonous monoxides, nitrogen, sulfur, etc., hence not causing any damaging environmental effects.
Solar Panels = Money Savers
Solar PV panels are super money savers! Users only need to incur an initial cost that pays back within three to four years. This excellent saving capability with an exceptional ROI coupled with a clean power supply drives large populations around the globe to shift to solar power.
The primary advantage of going solar is 50% reduced electricity bills, and if there is a connected battery backup, users will get 100% relief in power bills and become more energy-independent.
Another benefit is feed-in-tariff or net metering that enables solar power users to return the excess energy to the public power grid and receive government compensation for that clean power addition generated by their solar panels.
Another remarkable advantage of diverting to solar power is that installed solar panels do not need much maintenance. Many solar PV systems come with 10 to 25 years of warranty, which ensures their durability and efficient flat design. As solar panels do not have any portable parts, they do not wear and tear as well. Only the inverter requires replacement after 10 to 15 years.
Solar energy is a constantly evolving technology, and the latest solar panel systems are more efficient than previous ones. These systems now do not lose efficiency after dirt build-up or other environmental factors.
Increase Property Value
Solar energy is the future, and due to global warming and associated factors, people are shifting to eco-friendly energy alternatives. Nowadays, masses of the population prefer to update their property with solar power as property value is a significant factor for real estate investors and homeowners. Solar panel installation is the most practical way for all property owners to get 10x or more profits on their investments. Several real estate companies vouch that people are paying 20% to 50% more for solar power properties than traditional power sources.
Many developed countries that exclusively relied on fossil fuel power, like Australia, are now shifting to solar energy. Australian governance facilitates its people to install solar panels by offering rebates and feed-in-power incentives. For domestic homeowners, Australia offers STCs (Small-scale Technology Certificates) as a part of their renewable energy target to decrease the concentration of greenhouse gases in the power sector.
Solar Power is Sustainable
In the current geo-political uncertainty, aggressive environmental factors, and scarcity of fossil fuels, solar power is the best sustainable option as a clean energy alternative. Solar power is evolving technology, as it is getting better and more efficient with time. Such enduring power options empower people to become energy-independent and generate inexpensive, eco-friendly, and renewable power from the sun.
Solar Power Is a Pocket-Friendly Option
In the previous five years, the installation price of a solar PV system has decreased by 50%, thanks to public sector support, rebate offer, and incentives. Thus, all these factors make solar power an economical option for upcoming years and pledge to stay an inexpensive alternative for domestic and commercial sectors around the globe.
Annually, fossil fuel energy users pay thousands of dollars in electricity bills. On the contrary, solar-generated power reduces this cost as soon as PV systems get installed. Now is the right time to shift to solar power for long-term savings, as it is a free and renewable energy source.
Solar panels also significantly increase property resale value because most real estate investors understand the worth of pre-installed PV systems as they save initial installation costs. With the increasing demand for solar power worldwide, the sector also creates numerous job opportunities for diverse workers. Solar PV systems diversify traditional electricity grids, offer more efficient energy and help the domestic and commercial sectors to employ optimal electricity solutions.