Whether your motivations for going solar are economic, environmental, or personal, this sizable list of solar power benefits will have something for everyone. Here are the top six reasons why solar energy is good for your property and more popular than ever in INDIA.
I. Drastically reduce or even eliminate your electric bills
Whether you're a homeowner, business, or nonprofit, electricity costs can make up a large portion of your monthly expenses. With a solar panel system, you’ll generate free power for your system’s entire 25+ year lifecycle. Even if you don't produce 100 percent of the energy you consume, solar will reduce your utility bills and you’ll still save a lot of money.
II. Earn a great return on your investment
Solar panels aren’t an expense with on grid system which tends to eliminate the battery cost by supplying power to the grid – they’re one of the best ways to invest, with returns rivaling those of more traditional investments like stocks and bonds. Thanks to substantial electricity bill savings, the average Indian company/ Individual pays off their solar panel system in three to five years and sees an ROI of 20 percent or more.
III. Protect against rising energy costs
One of the most clear cut benefits of solar panels is the ability to hedge utility prices. In the past ten years, electricity prices have gone up by an average of 7 percent annually. By investing in a solar energy system now, you can sell excess electricity to the grid on the basis of prevailing tariff rates and protect against unpredictable increases in electricity costs. If you’re a business or homeowner with fluctuating cash flow, going solar also helps you better forecast and manage your expenses.
IV. Increase your property value
Multiple studies have found that property equipped with solar energy systems have higher property values and sell more quickly than non-solar homes. Appraisers are increasingly taking solar installations into consideration as they value property at the time of a sale and as property buyers become more educated about solar, demand for properties equipped with solar panel systems will continue to grow.
V. Protect the environment
Solar is a great way to reduce your carbon footprint. Commercial properties are responsible for 38 percent of all carbon emissions in the INDIA, and going solar can significantly decrease that number. A typical commercial solar panel system will eliminate 50 to 60 tons of carbon emissions each year—the equivalent of planting over 4000 trees annually.
VI. Demonstrate your commitment to sustainability and social responsibility
Sustainability and corporate social responsibility are important components of an organization's culture and values. They also produce bottom line results. Increasingly, consumers and communities are recognizing and rewarding businesses that choose to operate responsibly. Businesses are finding that “green” credentials are a powerful driver of consumer purchasing decisions, creating goodwill and improving business results.