Solar power has recently become the trend in renewable energy in many countries. Installing a solar system at your property can provide numerous benefits for homeowners. Solar systems are energy-efficient and cut electricity costs while also reducing carbon footprint and improving property value. Solar systems are installed at rooftops of residential, commercial, and industrial properties and convert light from the sun into electricity through their photovoltaic (PV) cells. They are very low maintenance and do not take up usable space around your home.
Why pay thousands of dollars for the traditional energy sources when you can use unlimited energy from the sun sent to us naturally? Here’s a detailed look at some of the compelling reasons you should consider converting to solar power for your electricity needs.
It is the Future of Renewable Energy
Solar electricity generation has become more prevalent in many developed countries than ever before. As the fastest-growing renewable energy source worldwide, many nations are racing to assert their dominance in the rapidly burgeoning solar industry. Some leading solar-producing countries include Germany, China, the US, and Japan.
Let’s take the example of Australia. The country has the highest uptake of solar worldwide, with more than 21 percent of homes having rooftop solar PV. More than 2.66 million rooftop solar panels have been installed across as of 31 December 2020. Whether you live in the city center and want to install solar panels at your Melbourne property or somewhere in the distant suburbs, investing in solar will give you a bright future of energy savings to look for ahead.
Solar Energy is Eco Friendly
As mentioned, going solar is a great way to significantly reduce your overall carbon footprint on the environment and mitigate global climate change. Transferring your traditional energy source to one that does not emit any greenhouse gases and chemicals in the air is an incredible step in the right direction for our planet.
Solar power is the cleanest and greenest energy source out there as there is nothing about it that pollutes our land, air, or water. A typical residential solar panel system can eliminate three to four tons of carbon emissions each year. That is equivalent to planting over a hundred trees annually.
Drastically Reduces Energy Costs
Whether you are a homeowner or run a business or NGO, electricity bills can make a significant chunk of your monthly expenses. While switching to solar energy requires some initial investment, a solar system significantly reduces the amount of grid energy you use, and that will decrease your monthly utility bill. A large enough system can even reduce your utility bill to zero.
Solar panels can reduce your electricity costs drastically, which is one of the primary reasons many people opt to convert to solar energy. Making the shift to solar also protects you from the steadily rising costs of traditional oil, coal, or gas-powered electricity as you can fix your electricity rates and offset your costs. Also, adding battery storage to your solar panel can further reduce reliance on the grid as you can store excess solar energy for later use.
Increases Property Value
Numerous studies have found that homes upgraded to solar systems have a higher property value and can sell more quickly than non-solar homes. Surveys indicate that the general public has a favorable perception of solar panels. Many also prefer homes with solar installation over those without it in many cases. That also includes renters, many of whom are willing to pay extra rent for homes run on solar.
Solar panels can increase up to 3-4% to the value of your home. So if your property is worth $300,000, you can expect an increase of anywhere between $9,000 to $12,000. Also, homes with solar panels tend to sell faster than those without them. Therefore, installing a solar panel is one of the most viable ways to boost your home’s value compared to any other costly improvement.
The world’s population is growing rapidly. A big challenge of our time is to meet increasing energy needs while also managing environmental and economic issues. The sun’s energy is here to stay, whereas fossil fuels are finite and have an adverse effect making it imperative for us to invest in renewable energy technologies.
Solar power is one of the fastest-growing and cost-effective energy resources in the world. While the initial investment of purchasing and installing a solar system may be high, it is worth the investment. The financial savings it provides and the environmental benefits of it as compared to conventional energy sources make switching to solar a wise decision.