The sun is a powerful energy source, and harnessing this power by installing solar panels can make a significant difference to the planet. Solar installation has many benefits:
Solar controls electricity costs
Energy bills will drop as the energy needs are met with electricity generated by the solar system. Savings on the bill depends on the size of the solar system and power consumption. Feed-in tariffs are another great way that solar can help one save. One could save money on their bills by feeding any excess energy back to the grid. The credit one gets on their electricity bill depends on the amount fed back to the grid.
Going solar increases the value of the property
Solar power could be the best way to increase one’s property’s value since solar energy is viewed positively by most of the Australian public. Solar installation helps to sell a home 20% faster than residences without solar panels. Everyone needs electricity; if the cost of using electricity can be reduced by installing solar power, people will certainly prefer that home when it’s offered for sale. Renters are willing to pay extra rent for a home with solar panels. As renters prefer solar power, such homes are more likely to be rented out all the time, thus increasing the property value.
Solar is 100% renewable
Sun is the original source of all energy. It provides 100% renewable energy. Global warming is one of the major environmental challenges that the world face today. In most of the countries, a major portion of their total energy is from oil, coal, and natural gas, all of which are fossil fuels. We depend on those fuels to heat our homes, run our vehicles, power industry and manufacturing, and provide us with electricity. Solar energy produces no pollution. Fossil fuels are on the verge of depletion whereas we have nothing of that sort to worry about solar energy. As long as the sun burns, it is available in abundance. The production of solar energy is clearly a way to diminish our dependency on fossil fuels and is a good way to mitigate global warming by lowering the emission of the greenhouse. Going for a solar system is actually an investment for the future of our planet.
Earn a great return on investment
A solar panel payback period is the amount of time it takes one to earn back the money spent upfront on a solar energy system. The return on investment is usually in the form of avoided electricity costs. ROI can easily be calculated by looking at energy consumption and local electricity rates. If the monthly power consumption is 1000KWh at 28cents per KWh, that would be $280. With a solar installation, one can save this amount per month. Solar installations have an average life span of 25 years. If the solar panel payback period is 7 years, the owner has around 18 years during which he can make this profit every month. The profit will increase with the rise in electricity prices.
Creates jobs and help the local economy
Solar is a growing sector for green energy and green jobs. It has given employment opportunities for many and the same is expected in the future as well. 50% Renewable Electricity scenario in 2030 will lead to over 28,000 new jobs, nearly 50% more employment than a business as usual (BAU)scenario. Jobs are created in the construction, operation and maintenance of renewable energy installations, as well as in related industries. Across the period 2014-2030, over 80% of full-time employment created by 50RE. New South Wales (NSW) and Queensland will have the largest net growth in jobs, around 11,000 and 6,000 respectively. South Australia and NSW will experience the largest per capita jobs growth. Victoria will see a net gain of around 4,000 jobs by 2030.
Going solar minimizes environmental issues like climate change and carbon emissions. Australian households generate at least one-fifth of Australia’s greenhouse gases. Australia has an average per capita footprint of 17 tonnes. This is more than 3 times higher than the global average, which in 2017 was 4.8 tonnes per person. The burning of coal, natural gas, and oil for electricity and heat is the largest single source of global greenhouse gas emissions.
The electricity that solar panels produce is completely emissions-free. When people use renewable solar energy to meet their energy needs, there is a reduced demand for electricity from the utility. Most of the utility plants depend on fossil fuels to generate power. As the demand from the utility is less, there would be lesser carbon emissions from the utility.
If every home, business or nonprofit adopt solar, there would be a huge difference in the pollution levels and the cumulative effect would have a lasting impact across the country. Harnessing the power of the sun can be the best option for those seeking clean energy.
While going solar, it is important to understand the power needs and install panels accordingly. At Regen Power, based on the power needs we customize a plan specifically for our clients. We help in choosing a system big enough to handle future energy needs as well. Our services include Business Energy Audit, Project Consultation, Feasibility Study and Analysis, Engineering and Design, Installation, and commission.
Regen has celebrated 17 years of being in the solar business in April 2020. Regen has been ranked 209 High Growth Companies, Asia-Pacific 2020 by Financial Times and ranked as 55 Fastest Growing Company in Australia by Financial Review and has won Product Review Award of 2021.
Regen has over 25000 solar installations in Australia. We are not just a small residential solar company but has bigger capabilities. One can approach us for solar installation without any apprehension.