Benefits of Investing in Solar Panels
Solar panels are considered to be cost-friendly to cut energy costs, lessen the environmental issues, and several benefits, for instance, contributing to energy independence and supporting local businesses, etc.
Fun fact! one hour of solar energy is equivalent to the global energy needs for one year. Since the sun is a significantly powerful energy source, incorporating this energy into solar panels can make a massive difference to the planet.
While being criticized for being highly inefficient and expensive, solar energy is considered beneficial for both; the environment and the private economy.
Because of the available solar panel grants, solar energy is becoming the primary source for several facilities. The fast-moving technology has been backed up by solar battery systems over the years, which turn solar into a more improved source of clean energy.
Renewable Energy Source
While there are many benefits of solar energy, the focal aspect to remember is that solar energy is a renewable energy source that can be harnessed in all world areas by being available every day. Solar energy cannot run out like other energy sources.
In simpler words, solar energy is available as long as we have the sun. Thus, sunlight is accessible to us for at least 5 billion years, per scientists’ predictions.
Low Maintenance Costs
Solar energy systems don’t need much maintenance. It is only vital to keeping them relatively clean. That is all.
Furthermore, there is no wear and tear. The inverter, however, is the only part that needs to be changed every 5-10 years because it works consistently in the conversion of solar energy into heat or electricity. Cables also need maintenance to make sure that your solar power system runs smoothly and efficiently.
Hence, once you cover the total cost of the solar system, you don’t need to spend much on maintenance and repairing.
Zero Environmental Impact
The most significant advantage of solar energy is that it does not radiate any greenhouse gases beyond panel production.
Since the Suns’ radiation produces solar energy, it is free from any smoke, gas, or any other chemical that proved harmful to the environment.
This is the focal drive force behind green energy technology as nations come across climate change obligations in reducing radiation.
To give a good example, Italy’s Montalto di Castro solar park contributes to reducing emissions. It tends to avoid 20,000 tons per year of carbon emissions as compared to fossil fuel energy systems.
Solar energy has the most negligible negative influence on the environment compared to any other solar energy source. It avoids greenhouse gases and thus does not pollute the water. Also, it needs less water for maintenance, unlike nuclear plants that require 20% more water. Solar energy systems are anti-noise pollution which is a great benefit because many solar installations are set up in urban areas, domestic solar panels.
Ongoing Free Energy
Solar energy is accessible in addition to being low maintenance. It does not require expensive ongoing raw materials such as coal, oil, etc. It also requires less labor than conventional power production. Natural materials, in this case, do not need to be extracted and refined constantly and transported to the power plant.
The life expectancy differs from manufacturers. However, many panels produced now carry a 25–30-year warranty with a life expectancy of up to 40 years approximately.
Generating your electricity there be less use from the utility supplier. This will help you save on your energy bill. Not just that, you can also make money by selling unused electricity back to the grid. With a solar panel grant being offered today, you can make your investment more useful.
The more energy you produce, the more you will increase your energy self-reliance.
Decentralization of Power
Solar energy offers decentralization in many sunny areas or locations, in other words, self-reliant societies.
Coal, oil, and gas were the mediums to produce electricity and further transported cross-country or internationally. This transportation required an endless amount of costs such as monetary cost, road wear and tear cost, pollution costs of transport, etc. which, isn’t the care with solar power systems.
Thus decentralization has its limitation since sunlight in some areas is more as compared to other locations.
Going Off the Grid With Solar
Surprisingly, solar energy can be produced on or off the grid. On-grid means a house is connected to the state electricity grid. Off-grid, on the contrary, implies that there is no connection to the electricity grid. Hence, the house or business is powered entirely on the solar or solar hybrid.
Producing electricity off-grid offers an advantage of solar energy for people who reside in local or rural areas. The cost of installing power lines and power prices are high in such areas and have frequent power cuts.
Many city dwellers opt for off-grid with their alternate energy to be a part of a self-reliant lifestyle.
The grid is less vulnerable to blackouts if there are any power plants in the area. A grid offering higher penetration of solar energy has thousands of energy production centres that are spread out. The grid is less vulnerable to blackouts if many power plants are spread out. A grid with high penetration of solar energy has thousands of energy production centres spread out throughout the area. This enhances the security for any natural or human-caused disasters and/or cases of overload.
Politics Vs Inflation
Another highlighting advantage of solar energy is avoiding the politics and cost volatility favoring fossil fuel markets.
As we all know, the sun is an unlimited commodity that can be used from many locations. This means solar is less vulnerable to the price manipulations and politics that have raised fossil fuel prices in the previous decade.
Since the price of fossil fuel has increased, the per watt price of solar energy production has reduced to a greater extent. Moreover, the ever-lasting nature of the sun’s energy would reflect a competitive market.
Energy demand is higher during the 11:00-16:00 time frame and in the early evening. This is the period when the price of electricity hit its peak. Solar energy reaches the maximum during this period and creates maximum production during these hours. The electricity produced in these hours has a higher value as compared to electricity produced during the night. In addition to the electricity input of solar energy, prices may drive down to those of night hours.
As discussed above, solar power systems do not rely on constant extraction of raw materials; it does not destroy the forests and eco-systems that occur with many fossil fuel operations.
Some examples include Canada’s tar sands mining which is responsible for the systematic destruction of the boreal Forest; accounted for 25% of the world’s forest land.
The Niger Delta is another example where irresponsible oil extraction has poisoned many fishing deltas that were the main source of food and employment for the people in the nearby village. This resulted in extreme poverty and unemployment and eventually destroying villages.
Also, to remind the 2010 BP oil spill in the Gulf of Mexico, which killed 11 people and spilt around 780 thousand meters of crude oil into the sea, causing many problems.
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