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Why Should You Invest in Solar Energy?

It may be true that investing in solar panels as an alternative source of energy at home is expensive, but mind you, the long term benefits are just too great to pass up. Many homeowners think that it’s not a practical thing to do since the upfront costs pretty much weighs the same to that of paying high energy bills. They’re completely wrong. The fact is solar energy is the most sustainable of all. It only will run out if our Sun dies!

(photo credit: EnergyOneSolar.com)

To give you an idea how sensible and smart it is to switch to solar power, we’ve listed some of the best reasons from a couple of authority websites. See them for yourself below:

Let’s begin with the article “7 Reasons Why You Should Use Solar Power” from GreenMatch.co.uk:

1. Solar Power Is Good for the Environment – And Us!
The most common known benefit concerning solar power is, that it is a clean, green source of energy, that pollutes less than almost every other source of energy. Solar power doesn’t produce greenhouse gasses and it doesn’t pollute water or any other part of nature. Other than that, solar power is almost self sufficient, and only requires a little water to work.

2. Solar Power Makes You Independent of Electricity Prices
The price for electricity usually differs through the day, being more expensive in the middle of the day and in the early evening. Because power plants create a relatively steady output of electricity, the prices rise and fall throughout the day, based on the beforementioned change in demand. With solar power, you can avoid this rise in price, and get cheap energy all day.

3. Solar Power Causes Use for Underutilized Land
Most countries have a lot of land, particularly away from the big cities and capitals, which is used for nothing. With solar power, we can actually make use of this underutilized land, while we generate great value. In this way we don’t have to use spaces, that are more appropriate for other things

4. Solar Power Causes Less Electricity Loss
The longer energy has to be transported, the more energy is wasted on the way. If you have your source of energy on your roof, you (and the rest of us) will lose a lot less energy, than we do right now.

5. Solar Power Improves Grid Security
When we have a lot of people generating energy with solar power, we are less likely to experience blackouts. Each house with solar cells on it, functions as a small power plant, which provides us with a great grid security, in cause of human-caused or natural disasters.

6. Solar Power Is Domestic
When you use coal, oil, or natural gasses to generate your electricity, you usually make use of energy from another part of the world. If you would like to benefit your national economy, it is a good idea to use solar power, because electricity from your own solar panels are domestic.

There’s more from this article, so if you want to read the rest, just click here.

We believe that solar power has to be the energy source of the immediate future for the simplest reason that it does not in any way harm the environment. Our reliance to fossil fuels has made this Earth a lot more vulnerable to damage and degradation. As a matter of fact, it already is so damaged that the future of the next generations is at risk because we simply cannot give up the use of fossil fuel.

Meanwhile, the blog called EnergyInformative.org also has its own list of reasons why switching to solar energy use makes perfect sense. See them below:

Start Saving from Day 1

Solar purchase power agreements (PPAs) and solar leasing has made it possible for homeowners to go solar for little or no money down.

Many homeowners choose to finance their solar panels with one of the “pay-as-you-go” financing options. This means that a third-party company – the solar provider – owns the solar system and takes care of installation, maintenance, monitoring and repairs. You simply pay the solar provider for electricity – less than you would`ve paid the utility company.

As of June 2013, 75% of all American homes have access to pay-as-you-go solar.

Pay-as-you-go solar is an excellent option for many homeowners. However, we generally recommend that you should pay in cash (through a home equity loan or a second mortgage) if you can. This will bring in more long-term savings. More about this here: Benefits of Owning (vs. Leasing) Solar Panels.

Low Payback Period

If you choose to pay in cash, the payback period is in many cases less than ten years. In Hawaii, it takes homeowners on average 5 years before the monthly savings (in terms of lower electricity costs) meets the total costs of the solar system.

Increase Your Home Value

Buying a home with solar panels translates into lower electricity costs. Solar panels will increase a home`s attractiveness on the market, similarly to homes with low property taxes, homes in school districts and homes with good Home Energy Ratings (a measurement of a energy efficiency).

A study conducted by National Renewable Energy Laboratory (NREL) concluded that homes with solar panels sell 20% faster and for 17% more money.

U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory found that the sales price of the average home increased $17,000 with solar panels.

Take Advantage of Incentives

As of 2009, the $2,000 cap on the Federal Solar Tax Credit is lifted. You will get 30% of total system costs back (equipment and installation). This means you would save $7,500 on a solar system worth $25,000. Combine this with state and local rebates, Solar Renewable Energy Credits (SRECs), and total costs can be cut in half. Take advantage of incentives while they last.

Data from One Block Off the Grid shows that the average solar home in New Jersey earns between $5,000 and $7,000 by selling their SREC credits every year.

To find out what state and local incentives apply to you (they can vary between ZIP codes), you should signup for free solar guidance.

Solar is a Secure Investment

The utility companies are notorious for their fluctuating and unreliable electricity prices. There is clearly an upward trend.

With solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price, for at least the next 20 years (fixed energy costs).

Guaranteed Performance

Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years.

The real lifespan of solar panels is much longer – your solar panels will likely generate a good amount of electricity 30-40 years down the line.

Source: http://energyinformative.org/benefits-of-solar-panels/

Aside from the fact that you’re helping the environment’s cause in using solar power, you also are helping yourself save money in the long run because investing in it is as secure as it can get. The only thing you’ll need to secure is the capital for the installation and setup. But once everything is in place, you no longer need to worry about energy all your life.

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