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If you’ve ever received a business utility bill or a household utility bill that makes you feel unduly anxious, you might consider that you need a change in your energy supplier. If you’re a business leader who is looking to diversify their portfolio, you might want to invest in new places. What do these two things have in common? Solar power!
Solar energy is a great alternative to the traditional power options for individuals and for businesses and if you want to diversify your portfolio into something new, you can do it by learning how to invest in solar farms and literally harness the power of the sun to do more for yourself. In your business portfolio, you are going to be able to expand on what you already have invested in. In your personal life, harnessing solar power can make a big difference to your costs. There are more energy options now than ever before, and there are more options for your business, too. Before you go ahead and invest in solar farms or start panicking about your utility bills, let’s take a look at some convincing reasons that you should start investing in solar energy.
1. It’s the ultimate option for local energy production.
With all of the events that are happening around the world right now and the costs of gas skyrocketing, looking for something sustainable is a must. Solar energy is easily accessible because we are literally lit up by the sunshine every single day. The average energy bill is going up and solar energy is not the same as the standard models for power. Solar is local and you might have solar panels on your own property, never mind just your business. If you have solar power right now, you’ll also have a solar battery storage that enables you to be independent all year around. Even through the colder months, you can rely on solar energy to get you through and it’s a local, sustainable option for you.
2. You’ll reduce your energy bills.
The biggest reason to go solar is to lock in those energy prices and save yourself some cash. Making the transition out of traditional power and choosing to lock into solar power is a big decision but you should know that you have a payback period. As in, you can save money and reduce your energy bills every single year. Even if your current system doesn’t cover 100% of your energy demand, you’ll save money on reduced bills. Almost all solar systems are connected to the main grid, but net metering allows you to eliminate the need to install batteries. You will be able to enjoy the economic advantage of a system that meets at least half your needs.
3. There are tax reductions available.
Whether you are investing in solar as a business owner or a resident, you need to know that you can get some tax back. We all pay a lot of tax and there is every chance that you are, too! Incentives of residential and business solar energy are big and it really depends on your state as to what you can get back. Switching to solar energy may be a huge decision, but the biggest advantage is reducing the overall price of solar equipment by at least 30%. Looking into your federal and state governments can ensure that you are receiving every single tax benefit possible. As solar popularity continues to grow, there are still incentives that will be phased out or reduced in years to come.
4. There are flexible financing options.
There are solar energy options out there for everyone but most people are worrying about the cost of solar, especially the up front costs. Paying the whole sum outright isn’t always possible and even when you benefit from the solar incentives, you can bet that you can find financing available. As the owner of the system, you can be eligible to claim solar grants or incentives that are on offer. Financing may be possible with any company you use, even if it’s a business arrangement or a solar farm, so researching your options is a must.
5. Installation is easy.
If you want to have solar installed on your home or business, then installation is a must. It may make you hesitant, but installing solar power technology is possible in any home and at any time. Solar energy is super versatile, which is why it’s an option for a business owner to invest in at a solar farm. You may have heard about solar roofing and roof tiles, and these are designed to look just as good as solar paneling. The best part is that they are also stronger than standard tiles. The thinner solar panels have also been designed to improve efficiency and quality so shopping around for the right one is so important.
6. You can add value to your building.
One of the best reasons but perhaps lesser known reasons to install solar is that you can increase the value of your home. It’s something that will come in handy if you are looking to sell one day. You’ll want to find as many options for adding value to your house as possible to sell it. Solar is something you should invest in for your house. As residential solar gains proper momentum, you should look to do what you can at home as well as at work. Renewable energy is already on the up and up and wheteryou’re selling your home OR business, adding solar can make all the difference to the price in the world.
7. There’s minimal maintenance involved.
Solar power is a technology that is worth the investment. It’s very durable, is not likely to break down when exposed to the elements and has no moving parts. This means that you won’t have to worry about the mechanical damage and they have been properly optimized to withstand the toughest of climates. You need to think about ensuring that you are investing in something that won’t end up with too much damage and solar is one way to do it. The initial investment of buying and installing solar panels means that you can start seeing a return on your investment pretty much right away.
8. You won’t be adding to air pollution.
Solar panels and solar energy in general are not designed to cause any pollution. Sustainability is the aim of the game with solar energy and when you harness the energy from the sun, you can bet that the process is a clean one. Sunlight gets converted into moving current and your home or business is ready to rock. We already know that the deployment of solar power is the key to climate change and if we look into sustainable ways to harness this energy, we all benefit from it in the end.
9. You’ll be conserving natural resources.
Production of solar panels doesn’t come at a massive cost to the environment. The idea of anything costing the environment isn’t easy, but a smaller impact is better than a larger one. Compared with the cost of energy options like coal, solar electricity uses almost 90% less water, 80% less land and 95% lower toxicity to humans. Solar technology is made of the resources that have to be mined, but that doesn’t mean it’s a bad thing. Almost 100% of the materials used in the production of silicon solar panels is recyclable and can be used to produce new cells immediately. Solar panels do, however, continue to produce energy for over 25 years and can then be recycled, which makes it excellent for the environment.
10. It’s accessible no matter where you are.
Solar energy is accessible anywhere because, let’s face it, where ISN’T the sun going to get to!? It’s not often you’ll find places the sun cannot penetrate and if you can get sunlight, you can get solar energy. In rural or remote areas, it’s better to be connected to solar than not be able to get access to power. If you don’t want to use huge generators, then you can still get the power you need with appliances, lights, pumps and charging points working. Going off-grid? Well, solar energy is an important feature for you and your family. There are energy articles out there that talk about solar energy being able to bridge huge gaps in rural areas like Malawi.
Solar energy is vital for the future. We’re hearing scientists tell us that global warming is a problem and we’re witnessing sea levels rising, floods occurring and pollution being a price of modern life today. We rely on an economy based on energy and while fossil fuels have been utilized as needed, we can see that fossil fuels are also the problem. Going solar allows us to make a positive change. Fossil fuels are not the way forward when we have an unlimited power source that we know how to use.
