Renewable sources of energy are rapidly gaining global popularity. They offer economic and environmental value. The leader amongst them is solar power. Solar energy systems are easy to install and maintain. They are also cost-effective. Many homeowners and industrial sectors are befriending them. Should you do the same? Ponder over the reasons outlined below and make up your mind.

1. Lessens Electric Bills

We use several electricity-powered appliances, tools, machines, and equipment every day. Naturally, the monthly consumption of electric power is quite high. The charges for this consumption, too, are equally high. In contrast, Mr. Sun offers his energy free of cost. You may enjoy his favors for 20/25 years via good-quality solar panels! It will save some money every month.

2. Acts as a Buffer against Increasing Costs

It is impossible to predict electricity rates. You could be in any geographical location. Diverse factors, such as demand and supply, weather conditions, political influences, governmental regulations, etc., initiate fluctuations in pricing. However, the prices always go up. They never go down. Solar power can protect you from the adverse effects of rising prices. You will even be able to predict your monthly electricity bills. In turn, you can work out strategies for further reducing them.

3. Gives Return on Investment (ROI)

A solar power system is expensive. Therefore, you may hesitate to spend on it. Fortunately, the annual returns on your investment range anywhere between 10% and 30%. Consequently, you may pay off your purchase within a few years. This refers to getting back the money you invested in the solar energy installation. You save money too.

To illustrate, you may be using around 1,000 kWh (kilowatt-hours) of electricity every month. For every kW, you pay $0.15. Therefore, your monthly bill amounts to $150. With solar power dominating, you pay nothing. This is your savings per month. Total the monthly savings and divide them by the initial investment. This is your ROI.

4. Keeps the Environment Clean

You know about global warming and climate change. You also understand that fossil fuels are responsible for the same. Well, do your bit to cleanse the environment! Solar energy can reduce greenhouse gas emissions. The worst of them is carbon dioxide. We refer to its adverse effects as the carbon footprint. Solar power can shrink the carbon footprint.

5. Enhances the Value of your Property

Mindsets have changed in contemporary times! Solar-powered homes sell faster than non-solar-energized properties do. Appraisers consider solar installations as part of the deal too. Therefore, your home’s value increases between 3% and 4%. Please note that the system should be yours. If you have rented/leased it, the appraiser will not consider it. Today’s realtors keep track of everything connected with the ‘solar’ marketplace.

6. Boosts a Nation’s Economy

Fluctuations in pricing in global energy markets affect any nation’s economy. By opting for solar power, you contribute your little bit towards making your country energy independent. Inspire others to emulate your example. According to a study, if we could set up solar panels within a region of 25,000 square miles, it would suffice to provide electricity to the entire world!

7. Creates Green Jobs

As the solar industry grows, there will be parallel growth of solar-related jobs. Such jobs cannot be outsourced. Therefore, employment opportunities increase at the local level. Secondly, workers with low- or middle-level skills gain higher pay with these jobs than they would with others. Thus, there is national economic growth too.

8. Creates Commitment towards Sustainability

You need not confine your good deeds to your home alone! You may perform them at the workplace too! It doesn’t matter whether you are a job holder or a business owner. You must encourage the practices of corporate social responsibility and sustainability. When a company goes green, consumers appreciate it. They extend their goodwill readily. They also become regular and loyal clients.

9. Boosts the Morale of Employees

It is not only customers who appreciate the Go Green concept. Employees respect employers, who care about the environment and the community, too. Therefore, they will not walk away easily. They prefer to remain loyal employees for as long as they can. They enjoy engaging with the organization and organizational objectives. Morale always remains high.

10. Sustains the Competitive Spirit

It is no secret that companies, which experiment with something new, are big winners. Solar power supporters remain a step ahead of the competition. Governmental agencies prefer to hand over lucrative projects to them. Similarly, your novel methods of working attract larger numbers of customers. Therefore, other companies must follow your example if they are to remain in the race for survival! The greater the competition, the more the solar industry will thrive. Therefore, go solar and keep the competitive spirit alive always!