IS IT WORTH GOING SOLAR IN 2022?
Solar industry is making multitudinous strides over the past decades. Worldwide solar revolution has led to emergence of solar technology that outweighs the list of benefits it leverages for the mankind. There have been global discussions over solar innovations during the past decades. It is evident that solar energy benefits businesses, organizations and property owners in huge ways. Businesses across the countries are taking advantage of everything solar has to offer. Harnessing the sun’s power by going solar can make a vital difference to the planet. There are varied reasons for an individual to opt for solar LED street lights or Solar Garden Lights in gurgaon or other innovative solar lighting systems, which could range from environmental concern to seeking economic solutions. Not only does solar benefits the commercial clients, but its positive impacts could be clearly seen on households and residential sectors as well.
The list below is a clear indication of all the benefits that solar has got to shower over the world economy at large:
- Reduced operating costs with drastic reduction in electricity bills
The electricity a solar lighting system produces offsets your electrical usage, significantly reducing or in some cases even eliminating your electric bill so you can spend or save that money.
- Great return on investment
Solar panels need to be looked at as an investment and not an expense. The average Indian homeowner pays off for their solar panel system in around 7-8 years and expects an ROI of 20% or more for the next 25 years and more.
- Saves on rising energy costs
Latest Solar panel technologies from top solar EPC companies have the potential to hedge utility prices. By investing in an efficient solar lighting system can simply save your pocket from ever-increasing tariff rates.
- Hike in the value of the property
Properties equipped with solar lighting systems have a higher value and sell more quickly. Evaluators are considering installing solar power systems to increase the value of homes at the time of selling them. As homebuyers are getting more informed about the benefits of solar power, the demand for properties furnished with outdoor solar lighting systems and indoor solar lights for home continue to grow.
- Environmental leadership
The demand for renewable energy is real and growing in our country and worldwide. By going solar, businesses contribute to the expansion and adoption of carbon-cutting renewable energy technology, helping to build more sustainable world.
- Tax advantages
To compound on the savings from reduced energy costs, federal and state governments provide tax advantages to intent property owners to deploy solar energy solutions.
- Energy cost stability
Electricity costs have risen over 70% in the past decade and continues to do so in a volatile way, making it tough to budget this year over year. With solar, you can accurately forecast the cost of your energy usage for more than 25 years. Predictable energy rates mean a predictable budget.
- Boost in India’s energy independence
By developing the capacity to produce electricity from the sun, we can easily protect India from fluctuations in prices in global energy markets.
- Huge protection cover for the environment
Solar energy is an exceptional way to reduce your carbon footprint. Around 38% of all carbon emissions in India occur from buildings and going solar can significantly lower this number.
- Job creation and support local economy
Solar industry is adding jobs faster to the Indian economy and this growth is expected to last for a long time. the jobs related to solar energy tend to be higher paying and these jobs cannot be outsourced.
- Limited maintenance
While a solar array does require some maintenance and cleaning to operate at full efficiency, there is virtually no day-to-day maintenance, making it an easy companion for your business.
- Flexible financing options
Regardless of available capital or tax appetite, modern financing solutions provide favorable options for businesses and organizations of every size.
- Incentives on running out
Federal and state solar incentives that make a solar investment an excellent business decision, are running out fast.
- Stay competitive
Companies are soon recognizing the socio-economic advantages of embracing solar power, in order to keep up with the pace of the growing economy.
- Decreased dependency on foreign oil
You can easily withdraw your dependency on international suppliers for any kind of energy, selecting the best and efficient solar panels from Sarrvad is sure to be beneficial for solar users at large. Thereby, increasing jobs in the solar sector as well.
- Showcasing commitment towards sustainability
Sustainability and corporate civil responsibilities are essential part of the culture and values of an organization, producing bottom-line returns. They are understanding that green credentials are a strong driver helping a consumer make a purchase decision and creating credible brand image.
Looking at the gamut of benefits that solar has to offer, it has become an unavoidable option in today’s times, making it a worthy decision. The above-mentioned benefits are sure to lure many future solar enthusiasts, who want to commit to solar for energy production needs in future.