Top reasons to put in an electric power generation system that is solar powered. system
There are many benefits to invest in solar photovoltaic electricity to reduce the carbon footprint of your home and your monthly electricity bill to reducing the effect of ever-increasing cost of energy, and also generating tax-free income for the coming 20 years. Furthermore, Solar PV panels and systems are easy to set up with a guarantee that they will last and require only minimal maintenance.
Learn more about the major advantages of solar PV as well as the reasons it is the best choice for renewable energy.
Reduce Your Carbon Footprint
Solar photovoltaic systems are eco green, utilizing sunlight to generate zero carbon-free electricity. Additionally solar PV power systems don’t emit dangerous CO2 (CO2) and other harmful pollutants and the vast majority of solar panels are made of silicon that is made from sand. It is among the planet’s richest natural resources.
Based on your location and your system, it’s likely that you could produce at least 50% of your electrical demands from renewable energy that could reduce between 700kg to 1 tonne of CO2 each year (typical 2kWp systems).
Lower Your Energy Bills
The power produced by your system is totally free to utilize. An average PV solar panel installation generates approximately half of all the power used by a household during the year, which means your energy expenses are greatly diminished.
The electricity you consume is free as long as your system is producing power. You’ll have to pay for electricity that you consume when the panels aren’t producing electricity, such as during the evenings and the night. If you’d like to be carbon neutral or you’re not connected to the grid, you are able to store extra energy in batteries to usage when you require it.
Inflation-Linked Tax Free Earnings for 20 years
With the help of the government-backed feed-in tariff, if decide to invest in solar PV, you’ll earn a tax-free, inflation-linked income for the following 20 years. This incentive, created to motivate home owners to put their money into renew energy sources, offers a fixed cost for each kWh of energy the system generates regardless of whether you are the one using the power or not.
Additionally you also have the right to an additional amount for each kWh of electricity you do not consume and then feed back to the grid. Click here to find more details about the feed-in tariff.
A typical system yields the return on investment about 10%. It takes approximately 10 years to pay back the initial investment. After that, each penny you make from the feed-in tariff is a pure profits. Furthermore If inflation increases and the cost of electricity rises, your return on investment will increase even more.
Limit your reliance on electricity Providers
It’s no secret that cost of energy has gone up significantly in recent years, and due to the declining availability of fossil fuels from natural sources and the growing demand across the globe and the trend seems going to increase. Installing solar PV systems can reduce your dependence of grid-provided electricity as well as the huge commercial energy firms, as well as minimizing the impact of increasing energy prices in the future.
Lang System Life, and Minimal Maintenance
Solar PV is an old-fashioned and proven technology that was utilized on satellites for over 50 years back. Since the 1990’s with advancements on technology as well as lower costs it has experienced an explosion in popularity.
With a track record of success solar PV systems have proven to be extremely reliable and require minimal maintenance because they don’t have moving components. The majority of panels are guaranteed by the manufacturer with a cell guarantee that lasts between 20 and 25 years. This combined with the long anticipated lifespan of the entire solar panel system indicates that your system is likely to provide the energy you need for at the very least 25 years.