Benefits of Solar Power

Benefits of Solar Power

Although there are many positive attributes for solar power, below are six clear benefits of installing a solar electric system on your home today.

1. Protects you against rising electricity prices

Demand for electricity is increasing, and fossil fuel supplies are rapidly decreasing. Electricity prices will continue to escalate as this imbalance causes price surges. Utility rates are rising faster than inflation. Installing a solar power system will allow you to be self-reliant and reduce the amount of electricity that you purchase from the grid. This in turn, will protect you against ever-increasing prices.

2. Solar Power is a smart investment

Over the course of its lifetime, a solar power system is a great investment. It is a low-risk, high-return investment that is very competitive with other types of investments (stocks, bonds, and property). Solar Choice Australia can look at your specific situation and calculate your approximate return on investment and how much you will save over the life of the system. As electricity prices continue to rise, your investment in solar power just gets better and better!

3. Increase the value of your home

A low carbon house is an increasingly attractive proposition to potential home buyers. Like any home improvement, a solar power system should increase your home re-sale value by at least the value of the installation. So even if you move from your present home, your solar power system will have reduced your monthly utility bill and increased the value of your home.

4. Environmental responsibility

Solar energy is environmentally friendly. Compared to fossil fuels which release greenhouses gases, carcinogens and carbon dioxide, solar cells don’t release anything into the air. Solar energy is renewable. We never have to worry about running out of sunlight or using it all up. The sun is a consistent power source meaning it’s always going to be there every day. A 3kW solar power system will eliminate 93 tons of greenhouse gases over its lifetime. That is equal to not driving 300,000 km’s or planting 49,672 square metres of trees.