Economic
One of the main concerns that people face with Solar panel installations is the cost. Well, don’t fret over the myths of the cost of solar panels. Solar panels are an investment in your future. A solar panel installation cost less than the installation of an electric grid.
Also, if one installs a solar panel, they save money on electricity bills. You will not have to stay dependent on electricity grids anymore. Keep in mind that once installed, the solar power harness does not need any extra operational money. In case you have enough units in your solar panel, you can even make a bargain with the electricity companies in your neighbourhood and get some extra pocket money by selling the units.
Become green and clean
When you use fossil fuels in your daily lives, you might unknowingly or knowingly contribute to harmful emissions in the environment. The use of fossil fuels emits Carbon Monoxide, Carbon dioxide, Nitrogen oxide, Sulphur dioxide, and sometimes even metals like mercury.
Solar energy, on the other hand, does not release harmful greenhouse gases. They do not even result in any lasting effects on the environment. Solar energy is good for us because it does not have any; lasting impacts on the environment. The use of solar panels leaves a clean environment and reduces carbon footprint.
Rise in the market value for homes
During a study, it became clear that if you install solar panels, then the market value of your house also goes up. There is an appeal for environment-friendly homes among the younger generation of homeowners. The new generation homeowners are especially aware of the environmental impacts and the carbon footprint.
Another major issue that worries them is the giant electric grids installation. They are also willing to pay a few extra bucks to get an affordable electrical energy supply. If a building has installed solar panels or uses solar energy, the overall costs are lowered, making it a desirable buy.
Become invested in the future
Though fossil fuels were a good investment before the 2000s, times have changed. With the gradual decline in the extraction of fossil fuels, we now have to look for new and better energy sources. Among these, one of the best renewable resource investments is solar energy. It is available everywhere. As such many solar companies, like Waaree, have sown their roots in the solar industry.
There is also a rise in the companies that use solar energy instead of traditional fossil fuels. Solar energy not only helps preserve the environment but is also green for our pockets.
No more power outage
All of us, whether we live in a rural or urban area, have faced power outages. A power outage or power cut occurs when a problem supplies electricity to the end consumers from the electric power network. Grid-based electricity networks have a lot of power outages or shortages throughout the year.
With a pre-installed solar system in place, you not only save money on your electric bills but also do not have to worry about being stranded in the dark when the light goes out. One also has protection from the unexpected rise in the prices if it occurs.
Regulate your electric use
With the installation of solar energy, one has an additional source of electricity. It is useful in both daily lives and for emergencies. With solar energy, one can decide how much they want to spend on electricity outside if they want two electric supplies. One can now regulate their daily usage of electricity with this.
Effective and efficient
As mentioned before, grid-powered electricity is not very efficient with the rise in the number of power outages faced year after year. Many other renewable energy sources like hydroelectricity and wind-based electric systems also lose efficiency compared to solar energy.
Solar panels are said to be efficient as long as there is enough sunlight transmitting. No distance factor would make the process slower.
Creating more jobs
The increase in the installation of solar panels in businesses and homes calls for more job opportunities in the industry. The reason being, solar energy-based companies, require a higher number of employees and skilled labourers for building and installing solar panels. It also means more employment opportunities with each new contract signed.
Suitable for Indian climate
India is a country with a wide range of geographical features, but one important feature is that it is a tropical country with plenty of sunlight throughout the year. We have at least 300 clear skied sunny days a year, making it the best location to harness solar power.
No additional space is required
One of the reasons solar energy is the most sought renewable resource is that it does not require additional space. One can install solar panels right on their rooftops without any problem with space. It makes it home and business-friendly.
Tax redemptions
The government supports the use of solar energy and the installation of solar panels in homes and businesses. A rooftop solar system falls under the 5% tax bracket, an attractive tax rate offered by the government.
