Humans are destroying the earth they live in with their own hands. The carbon emission is at all time high, whether it is factories or emissions from cars. Our reliance on non-renewable sources such as oil, fossil fuels and gas has added insult to the injury. Due to global warming and climate change, we are seeing unprecedent weather conditions in different parts of the world.
On a positive note, we can stop damaging our environment further by opting for renewable sources of energy. Wind, solar and bio gas are the most popular alternatives to nonrenewable sources of energy. Solar energy is one of the best sources of renewable energy.
In this article, you will learn about the advantages of going solar which would convince you to switch to renewable energy.
7 Advantages of Solar Panel System
Here are seven advantages that will convince you to buy a solar panel system.
1. Cost Savings
Solar panels used to be costly but not anymore. With increasing competition in the market, the prices have come down. This means that buying a solar panel system won’t cost you an arm and a leg anymore. Today, you can get it for a fraction of a cast. After installing solar panels, you can see a significant reduction in your electricity bills. You will use less electricity from the grid which would translate into lower electricity bills. This way, you can save hundreds of dollars every month.
2. Environment Friendly
If you compare different sources of energy with respect to their impact on the environment, you will come to know that solar energy is the least taxing on the environment. Neither does it pollute water, nor does it produce greenhouse gases. This makes it a safest option. Additionally, it does not produces any noise either. Another benefit of installing solar panels is that it reduces your carbon footprint, which saves the environment from further degradation.
3. Energy Independence
By installing a solar panel system in your home, you are not only dependent on the grid to fulfill your energy needs. In fact, it could be the other way around. Instead of using electricity from the grid, you could add excess electricity you generate via your solar panel system to the grid and earn some money. This creates energy independence and self-reliant for energy.
4. Low Maintenance
The best thing about solar panels is that it requires little to no maintenance over time. To make sure your system keeps working efficiently, you need to keep it clean and well maintained. You only must do it once or twice a year. On average, solar panels have two decades warranty. With a 20-25-year warranty for solar panels, you don’t have to worrying about replacing it, which gives you the peace of mind.
5. Higher Efficiency and Performance
The days when solar panels were able to convert a small percentage of solar energy into electricity are long gone. With the advancement in solar technology, we are seeing the emergence of more efficient solar panel systems entering our market. Today, the efficiently of solar panel systems hover around 30%, which is a big leap forward from 15-25% efficiency a few years back. Research are underway to increase the efficiency of solar panels but there is still a long way to go.
6. Return on Investment
Yes, solar panels used to be expensive. You will have to make a big investment to purchase it. Although, the prices have come down, not everyone can afford a solar panel. Thanks to the incentives offered by governments, the adoption of solar panel systems is increasing. Think of a solar panel system as a long-term investment, which would pay rich dividends in the long run. You can quickly recover the cost of a solar panel within few years and continue to reap rich rewards. The pay back period is also lower which makes things much more convenient.
7. Increases Property Value
If you are conscious about increasing the value of your home and you keep searching for such stuff online, then I have some good news for you. Installing a solar panel will increase the worth of your property whether it is your home or office. Buyers who shows interest in buying your property are ready to pay a premium price for it. As a result, you can secure a good deal.
Most buyers will consider the money they could save on electricity bills and will increase the value of your property in the eyes of buyers. According to a study conducted by National Renewable Energy Laboratory found that homes with solar panels sells 20% faster and are sold for 17% higher price. In short, installing solar panels will make your home more attractive in the eyes of buyers. Homes with higher Home Energy Rating sell for a much higher price and you can take full advantage of this.
Which is the biggest advantage of solar panel system that could convince you to adopt it? Feel free to share it with us in the comments section below.