The solar power industry is growing year on year and there are many excellent reasons to switch to solar. Along with the clear environmental benefits, solar power can also reduce your energy bills, increase your property value and even make you money in the long run. Considering this, here are four great reasons to switch to solar power.
1. Reduce your carbon footprint
Global warming is having an increasingly noticeable effect on our planet, and concerns for the state of our environment are growing. The burning of traditional fossil fuels like coal and gas is one of the main contributors to greenhouse gas emissions. Whereas, solar power is a clean, renewable energy source that comes from the natural heat and light of the sun. Solar panels allow households and businesses to generate their own green energy without relying on traditional fossil fuels. This helps the environment by significantly reducing the carbon footprint of energy generation. Switching to solar power is, therefore, an excellent way to become eco-friendlier and consequently support a sustainable future.
2. Lower your energy bills
Solar power can save you significant amounts on your energy bills, especially considering that electricity prices continue to rise every year. Energy experts estimate that you can save around $2,000 on your yearly energy bills by using solar power. Switching to solar power means you won’t need to worry about future increases in electricity prices. What’s more, advancements in technology mean that you can now get even more from your solar power systems. For instance, it is now possible to capture and store any excess solar energy in battery storage systems. This allows you to use all the energy that is generated by your solar panels and therefore maximize your system’s capacity.
3. Make money on your investment
Along with the above benefits, solar power can start to make you money in the long run, because once you have paid off the initial installation fees, you will essentially have access to a free energy source. In fact, the payback period after installing solar panels can be, reportedly, as little as 3 to 4 years. This statistic means it’s possible to make around $50,000 in profit over the lifetime of the system. Additionally, solar panel systems are at an all-time low, and installations are quick and affordable. As a result, solar power has become an extremely attractive investment for homeowners and businesses looking to reduce their carbon footprint and save money on their energy bills.
4. Increase your property value
According to government statistics, over two million Australian households now have solar panels installed on their rooftops. This equates to around 21 percent of all homes in Australia. People are increasingly becoming eco-conscious and searching for ways to reduce their environmental impact. As a result, solar panels are now an extremely attractive feature to house buyers. For that reason, installing solar panels on your home can be a reliable way to increase your property value and make your home appeal more to potential buyers.