Is Solar Power Worth It?

Is Solar Power Worth It

Going solar is a decision you should make soon. With the cost of energy rising and the continued increasing dependence of people on electricity, a simple malfunction of the grid and everything will stop. That is why having alternative energy sources available in your home is a great advantage. Today is the best time to opt for solar energy installed in your home. Aside from harnessing the power of the sun, there are other important reasons why you should make the change to solar today. Here are some essential factors that will make solar power a worthy investment. 

Here are some of the significant points on why investing in solar power is worth it, especially today.

Reasons why solar power is worth it?

People living in Australia are in an excellent position to start incorporating solar energy into their current sources of electricity. The amount of sunlight is in the country is perfect for solar energy compared to other countries where sunlight is not consistent year-round. This means solar energy is one of the best alternative energy sources, encouraged by the government for Australians. 

Rising efficiency of conversion

Rising efficiency of conversion

Due to developing technology and improvements in the design and manufacture of solar panels, solar conversion efficiency is rising. Before, many may have been put-off shifting to solar due to the high price of solar cells and its apparent low energy production. However, with recent developments, solar panels are improving and also becoming cheaper. Today is the best time to start thinking solar, especially in a time where the economy is extremely volatile due to world changes and significant events that may threaten normal living conditions worldwide. 

Affordability

Affordability

Today is a good time to start shifting to solar energy, especially in Australia. The cost of solar panel installations is low enough to become a smart choice for homeowners in the country. It has gotten to a point where even if there are no government incentives, the cost of installing a solar energy unit in your home is relatively cheap. The average cost for a 3kW (kilowatt) solar energy installation ranges from $3,000 – $7,000 (depending on what city you are). Despite the seemingly high initial payment, you’ll get your money back on savings and incentives in time. 

Support local solar power businesses

Support local solar power businesses

Australia has a lot of quality solar power businesses and shifting to this alternative energy source will not only save you money but will help the growth of this business. Consumer support of any utility will help increase its service, efficiency and lower its cost. It is especially so when a lot of companies have sprung up to provide such services. Competition and the free market will ensure that solar panels in the vibrant economy will continue to improve. 

Increase House Value

Increase House Value

The installation of solar panels will add value to your home. This is important, especially if you’re planning to sell your home as the benefits of having an already existing solar panel installation are well known. There are cases where selling the house becomes easier just because it has a solar panel which convinced the buyer to go through with the purchase.

Environmentally friendly

Environmentally friendly

The environmentally friendly reasons for installing solar panels may already be a cliché, but it is a strong motivation for people to start the change now. Burning of fossil fuels contributes to the total carbon emissions present in the atmosphere. If people began to shift to solar energy, which is by far the most viable form of natural energy, humanity’s pollution will drop considerably. Countries plagued with pollution may consider shifting to solar power to alleviate the problems they are facing due to continued dependence on non-renewable resources. 

Make use of unused solar energy

Make use of unused solar energy

Unlike portable sources of energy such as fuel-based generators, solar energy systems can channel any excess energy they generate back to the grid. This is one of the significant incentives given to people planning to shift to solar energy and benefit from using renewable energy. Many electric companies offer solar metering for households using solar energy. The excess energy helps improve the energy service of the grid, especially if there are a considerable number of solar homes connected to the grid. With enough amount of solar panels, the grid can become self-sufficient, especially if solar conversion technology becomes better.

Conclusion

The solar energy industry is improving daily, and this is the time to get started. Though fossil fuels will be the primary source of energy for the majority, by shifting to solar, you can make a change for yourself. You’ll have the opportunity to save more, enjoy the benefits of the available incentives, and have the feeling of security of generating electricity on your own without reliance on the grid. These are the benefits of using solar energy and in countries like Australia, if you have access to companies providing efficient solar energy installations, then shifting to one is one of the best investments you can make.

Sources:

https://www.abc.net.au/news/2019-12-05/solar-panels-rebates-energy-is-it-worth-it/11738270
https://www.solarchoice.net.au/blog/is-home-solar-power-still-worth-it-in-2019/
https://www.solarnaturally.com.au/are-home-solar-panels-worth-it/
https://www.solarchoice.net.au/blog/is-solar-still-worth-it-in-australia-in-2020/

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