Solar panel technology is one of the fastest-growing renewable energy sources, and many homeowners are buying into this alternative. Most houses on the renewable energy grid are powered by wind and hydroelectric power. However, solar technology has made significant leaps in the last two decades, and it is now a close third on the list of renewable energy sources. Here is why:
Property Value Addition
Will solar panels increase the value of my home? The simple answer is yes. Solar panels put your house ahead of the pack in the property market and have a tangible effect on the property value. Therefore, it’s a good investment in your real estate portfolio.
Solar is Inexpensive
Most people shy away from solar due to the high upfront costs. However, the overall cost of owning solar panels makes the lifetime cost low. The unit can eliminate electrical bills and reduce the cost of running a property. Furthermore, operating solar power units is inexpensive, as they do not need frequent repairs or servicing.
Several incentives are available to minimise the upfront cost of installing a solar panel system. For example, some banks offer low-interest finance options for solar units, which improves access to capital. Furthermore, most solar companies offer flexible payment options for buyers. The government also offers rebates and exemptions on solar unit purchases and operations. Therefore, although the upfront cost of a solar panel system may seem high, it comes down significantly once you take advantage of the financial incentives available.
Solar Panels Are Efficient
Energy production is pegged on good efficiency. Unfortunately, most non-renewable sources of energy are inefficient. Solar panel systems are efficient at converting light energy into electricity. The technology has come a long way, and it is slowly growing into the most reliable renewable source of energy. Nonetheless, we are still far from utilising the 170,000 kWh of solar energy that continuously strikes the earth.
Energy Independence
Solar is the most widely accessible source of energy in the world. Almost every part of the world gets a bit of sunshine every day. As a result, users can create off-grid settlements and business centres in remote locations. This opens up new possibilities for homeowners, as they can escape the expensive property markets restricted along grid lines and explore cheaper alternatives. Furthermore, energy independence means more opportunities to invest in resources stationed in remote properties.
Steady Supply
Unfortunately, if you get your power from the grid, you are vulnerable to power cuts. Natural disasters, system failures, and vandalism can interfere with the electrical lines and compromise the supply. On the other hand, you are guaranteed a steady power supply with a solar power system. Since power generation and consumption occur in close proximity, the probability of vandalism or damage to the power lines is low. Furthermore, the panels are expected to generate energy throughout their operational life with minimal to no repairs.
It’s the Perfect Backup
Solar power systems are the perfect backup for anyone looking for a secondary source of electricity. Solar power systems are often hooked up to batteries. As a result, they guarantee a steady supply when your primary source of electricity is down. Furthermore, the backup system is designed to kick in as soon as a power cut occurs. Therefore, users get to enjoy a steady supply. A good backup system is necessary for plants running power-dependent operations, hence the popularity of solar energy.
Save Money
Although there is a significant concern about the upfront cost of a solar power system, little is said about how much money solar panels can make for you. Solar panels reduce the household cost of electricity. An off-grid setup eliminates your monthly electricity bill, while an adjunct system reduces it. Furthermore, users can save money by taking advantage of different financial incentives available for solar panel installation and operation. For example, some banks offer low-interest finance options for solar power systems. Furthermore, the government also offers rebates and tax cuts on the purchase and operation of solar power systems.
Make Money
Solar panels can actually generate credits on your electrical bill by producing more electricity than your household consumes. If you are connected to the grid, excess power is fed into it, and this will generate a credit on your monthly electrical bill.
Solar power systems are the future of energy production. Therefore, don’t be left behind.
