It is a general knowledge that solar energy is the future when it comes to energy supply around the world. As the world experiences an incessant dwindling of fossil fuels and an increase in climate change, pollution and health issues, many people are looking for alternative energy supply such as solar panels.
In today’s world, the commercial and industrial sectors are aware that solar energy has become the cheap alternative energy supply. With solar energy, homeowners can power their house; run their washing machines or air conditioners without paying high electricity bills.
Thus, solar energy has huge benefits that we cannot deny, whether it’s for an environmental, economic or personal reason. Let’s take a look at some of the benefits of solar energy in our everyday lives.
Affordable Source of Energy
Electricity costs take a huge chunk of people’s monthly expenses. However, you can cut down this cost if you have solar panel systems installed in your home. The solar panels are used to draw energy from the sun to generate electricity for the house. Even if you cannot produce enough percentage of the energy you need for the month, you can still create an amount that will save you money. Having a solar panel power system in a commercial building can save businesses high operational costs. They can easily use power stored in an installed battery. When you invest in solar energy, you can save yourself from an unpredictable hike in electricity costs. Besides, if your income is not stable, the smart thing to do is to go solar.
Return on Investment
The fact that solar panels are not very expensive is the more reason why people are opting for it over the traditional electricity supply. No matter where you are in the country, you can experience an ROI of up to 20 % when you use solar energy over a period. Solar power is an investment for the future, your environment, and your health. Apart from energy cost savings, installing a solar power system for your office, industry or home is one of the best financial decisions you can ever make.
Increase in Property Value
Studies have shown that properties with solar power systems see a resale value increase. This means that if you install solar panels for your home, you could increase the value of your home if you are trying to re-sell it. Appraisers are currently taking the installation of solar panels on properties into consideration. Most homebuyers demand homes that have solar panel systems installed from their real estate agents.
Encourages Energy Independence
One of the ways a country can achieve energy independence is through the use of the sun. The sun is known as an almost-infinite source of energy. An increase in the capacity of solar energy generation can help control the price fluctuation in its energy sector.
Reduces Pollution and Improves Public Health
The surest way that pollution can be curbed is through the use of solar power. There is no burning or releasing of carbon dioxide into the environment when solar energy is used. Electricity is the cause of one-third of global warming emissions in Canada and United States of America. A solar panel does not release harmful gases into the air. Solar energy improves public health, unlike natural gas and coal plants that emit dangerous air and cause water pollution. The traditional system of generating electricity through coal or natural gas has been linked to neurological damage, heart attacks, cancers and skin irritations.