5 Reasons to Invest in Solar Energy
Solar energy is a renewable energy source generated from the sun’s light converted into electricity and solar thermal energy.
Choosing to invest in solar energy requires selecting the right technology for your roof and the right company to offer the right advice and services to help you make the most of your rooftop and the peace of mind of getting the appropriate return of investment for the years to come.
Europe is on a mission to become the world’s first carbon-neutral continent by 2050, which has seen a global increase in the adoption of Solar and an increased awareness of the many benefits of making such an investment.
No More Electricity Bills
Solar photovoltaic systems convert sunlight into electrical energy used for residential or commercial purposes. The energy generated from solar technology can be used directly by the home, sent back into the grid, or stored in batteries. Depending on the size of the system, a typical higher-end solar panel system generates enough energy for general household consumption.
Typically, homeowners can pay off the solar investment within eight years without spending a single cent on their electrical consumption. Higher-end brands, such as SunPower, have guarantees of up to 25 years that cover power, product, and price, reducing maintenance expenses and increasing peace of mind. Moreover, over the 25 years, investors would have saved up more money.
Increase the Value of Your Property
The increased awareness and urgency to live more sustainably has caused households that include renewable energy systems to increase in value as they are marketed as being more energy-efficient.
When the value of your home increases with solar, property taxes also increase. Most states offer property tax exemptions that can help you offset the cost of solar. Note that the percentage of tax exemptions depends on the form. Some offer 100%, whereas others give up to 55%. The exemption may also be forever or for a particular period. Thus, it is vital to research your state to make your calculations right.
Reduce Your Carbon Footprint
Residential and commercial solar systems provide adequate energy for homes and businesses. Consequently, reducing the need for electricity production translates to fewer carbon emissions to the environment that come from the burning of coal and gas.
Increase. Solar panels create clean energy that does not contribute to air pollution, reduces water usage, and is infinite. As a result, investing in solar energy helps in reducing the effects of climate change. Moreover, some high-end solar manufacturers have also made it a point to use recyclable material to produce their solar panels, further positively impacting the well-being of our environment.
Benefit from Government Rebate Schemes
Due to the increased concern surrounding the effects of climate change, different governments have come up with incentives to incentivize their citizens to switch to renewable sources of energy production. The exemptions and rebates make it easier for you to invest in solar energy. As a result, you contribute to the efforts to minimize the effects of climate change.
The solar rebate subsidizes the upfront cost of installing your solar power system. Ultimately, should you classify for the rebate scheme, it makes the investment much more affordable. To claim the rebate, citizens must fall under specific conditions, and these schemes are only open a few times a year, so it’s essential always to keep an eye out if they are engaging in making that change to solar.
Potential Income from Feed-in Tariffs
Feed-in-tariff (FiT) is an instrument used in promoting the generation of electricity from renewable energy sources. The instrument allows entities producing power to sell renewable energy-generated electricity. If you are opt-in for a feed-in tariff, there are different ways to make money with solar energy—investing in solar energy shelters you from some of the risks you might be exposed to.
Moreover, FiT guarantees you grid access and payment in proportion to the resources used in producing renewable energy. You can get potential income from different feed-in tariff schemes across the globe. These include Red Energy, Dominion Virginia Power, and Gainesville Regional Utilities.
Technology to improve the quality of our lives is on the increase; even the casino industry has benefitted significantly. Sites like Platincasino are constantly being updated with new and advanced games. Ultimately, to enjoy the benefits of investing in solar, it’s essential to find the right product and provider to ensure you’ll have the same peace of mind 25 years after the initial down payment.
We’re slowly moving towards becoming a technologically advanced and sustainable society.
