Solar energy is one of the fastest growing renewable energy sources in the energy market. Households and businesses are turning to solar energy as an alternative to coal and oil generated power.
Governments are also setting up solar farms to supplement their national grid. Since everyone is turning to solar energy, it begs the question, why install a solar power system?
Reduces Electricity Costs
Solar energy is a cheaper alternative to coal and oil generated power. Oil generated power is subject to global oil prices. Moreover, scarcity leads to inflation and the burden of production is transferred to consumers.
The same applies to coal and other non-renewable sources of energy. As for solar energy, the cost of production is mostly incurred during installation. However, the lifetime cost is generally low.
If you are looking to reduce your electricity bill, you can install a solar power system to supplement supply from the national grid. The benefits are immediate. On a larger scale, solar energy reduces government spending on national power generation.
This explains why countries like Australia, China, India and the U.SA host some of the largest solar farms in the world.
The national grid is unreliable in many countries. Businesses often have to rely on backup generators to minimize downtime while households suffer blackouts for extended periods. The vulnerability of the national grid stems from different factors.
The sources of energy have an unstable supply. Across the world, oil supply is volatile. Wars, sanctions and natural disasters block supply chains and set off a domino effect that affects oil-dependent countries.
Coal suffers the same problems. Countries with huge oil and coal reserves are also on a timer as these reserves are non-renewable.
Solar is a highly reliable source of energy. It’s available across the world and a good system is designed to sustain supply even in the worst conditions.
Since solar power systems can be designed as independent units for individual households, the reliance on a vulnerable power grid is eliminated. Natural disasters have little to no effect on the supply.
Advances in solar technology have made solar energy an affordable source of electricity. Modern panels are inexpensive and more efficient.
The increase in the number of manufacturers and suppliers has also streamlined supply chains and reduced the cost of acquiring solar power systems.
Solar power systems are also customized to serve users depending on their energy consumption. This ensures nothing goes to waste.
You only acquire the equipment you need and this ensures costs are kept at a minimum.
Good for the Environment
If you are looking to go green, solar energy is one good alternative. Solar panels convert light energy into electricity. No toxic byproducts are produced in the energy generation.
Through solar power systems, households can reduce their carbon footprint. Solar generated electricity is enough to power heating units, cooking appliances, lights and other electric household appliances.
The energy yield from modern solar panels is enough to charge electric vehicles. All you need is the appropriate solar power system.
Although solar energy is clean energy, monocrystalline solar panels are not a good choice if you care for the environment. The panels generate a lot of silicon waste that is bad for the environment. In this case, the means doesn’t justify the end.
Nonetheless, polycrystalline panels offer an environmentally friendly solution. The efficiency of the panels is less than monocrystalline panels but the environmental impact is far-reaching.
There are numerous incentives you can claim after installation of a solar power system. Federal tax subsidies are offered in many countries for solar installations.
The subsidies can lower initial costs by up to 30%. State rebates are also available in some locations. Moreover, utility companies offer feed-in tariffs to households that generate excess power and supply the national grid.
Solar power systems are the future of energy supply. The benefits accrued from solar energy are enough reason to install a system for your household or business.