Solar energy has been around for decades and the field has seen numerous developments. More people around the world are going green with solar energy as others are opting out of the power grid. The technology is so rampant that government agencies are using solar panels to supplement the national grid. If there was ever a time to install solar, it would be now. Here is why now is the right time to install solar.
Power is expensive
The cost of producing electricity has been on the rise due to surging oil prices and depletion of coal. Since the national grid in most countries relies on these non-renewable sources of energy, the cost of production is transferred to consumers. Solar is your ticket out of skyrocketing electricity bills. Solar power systems offer an alternative to the national grid. Completely off grid installations reduce your bill to nil. However, such installations are costly. A good compromise is to set up solar power systems that supplement your national grid consumption.
The technology has grown.
Solar energy is the fastest growing energy source in the world. Over 173,000 terawatts of solar energy strikes the world continuously totalling to more than 10000 times the world’s total energy consumption per day. Innovations in technology have made it easier and more efficient to harvest solar energy. Despite low peak sunlight hours in some areas, modern solar panels can achieve enough yield to meet household demands. Moreover, solar power systems incorporate advanced energy storage mechanisms that guarantee sustainable energy supply regardless of weather changes and time. Innovative solar products are constantly hitting the market, a clear indication that solar energy is the future and it’s time to invest.
Its more reliability
Although governments invests heavily to ensure the national power grid is reliable, it’s vulnerable to damage and black outs are common. Equipment failure and natural disasters (which are becoming common) destroy power lines and curb supply to extensive areas. The black outs are often costly. On the other hand, improvements in solar technology have made solar energy a more reliable source of power. Solar energy is designed to serve your household and all installations are made in the confines of your property. Power storage units are also fitted in your house to guarantee constant power supply. As a result, black outs only occur when you turn off the grid for maintenance or repairs.
Solar power systems are costly. The purchase and installation costs are high enough to deter potential buyers. However, due to high demand, supply and installation companies are now offering finance options for solar power installation. The finance options vary but they have flexible and friendly payment schedules. Moreover, solar loans offered by non-governmental organizations and utility companies are subsidized to attract buyers.
Currently, there are numerous incentives awarded to homeowners and business running solar systems. Solar tax credits are available in some countries and these allow users to deduct a portion of their solar costs from their taxes. Cash rebates are also given by state, municipality and utility companies. The rebates reduce the cost of your solar systems by 10 to 20 percent.
Save the planet
Many efforts are currently being made to curb global warming. Although governments and international bodies have taken responsibility to save the planet, it’s still on every individual to reduce their carbon footprint. Solar energy is one way to save the planet. By going green with solar energy, you can reduce the use of coal and oil in energy generation.
Everyone is doing it.
Solar energy has recently garnered a lot of attention. Many companies and governments are investing heavily in it as people are setting up solar panels in their homes. It’s prudent to assume that if everyone is doing it, it must be worth doing it too. The energy market is shifting, therefore, it’s important to ride the wave.
A solar power system is a great investment. There is no better time to cash in