Now, solar energy contributes a negligible amount to global electricity production, although the use of solar panels is expanding quickly. Consider that more solar panels were installed in Australia between 2014 and 2015 than in the previous 38 years combined. Australia's present 480,000 solar systems generate enough electricity to power around 2.4 million homes.
However, solar panels by Electrician Newport can also power non-permanent structures. In fact, many outdoor enthusiasts power their RVs with solar panels. The greatest advantage of this alternative energy source is the capacity to use electricity in remote locations. In this way, solar panels provide the flexibility to travel anywhere in the world without sacrificing RV conveniences such as lighting, battery charging, and kitchen appliances.
Do you disregard solar energy systems as a viable energy source for your business? Numerous are the benefits of solar energy, a major factor in its rapidly growing residential popularity; however, solar energy's viability does not end with the average family home. In the past five years, the installation of commercial solar energy systems has increased by 487%, and for good reason.
An investment in solar energy can yield multiple returns for your business.
Reduced operational expenses.
A solar energy system can drastically reduce (or even eliminate) your company's electric bill, thereby paying for itself many times over.
Fixed energy prices.
Solar installations allow you to lock in your energy costs at a fraction of current rates and maintain them at that level regardless of what happens to the mighty barrel. Considering these savings over the system's lifetime of 25 to 40 years or more, the potential is enormous.
Excellent return on investment
Solar investments offer both immediate and long-term cost savings. Solar energy systems begin returning your investment on day one of operation, with cash-purchased models typically paying for themselves within 10 years – or less, depending on the state in which you reside.
Solar energy systems increase the desirability of a business by reducing its operating expenses, thereby making it more appealing to prospective buyers.
Solar energy systems require minimal to no maintenance, especially battery-free systems, which operate reliably, efficiently, and quietly for 25 to 40 years under lengthy warranties.
Reduction in carbon footprint.
Utilizing the sun's freely available solar energy reduces fuel consumption and, consequently, glasshouse gas emissions and pollution. Solar energy is completely clean, renewable, and sustainable. An investment in solar is both financially and environmentally prudent, and it helps your company demonstrate its concern for the future of the planet and its inhabitants.
The government of the United States recognises the environmental and economic benefits of solar energy. In order to facilitate the purchase of solar energy systems, they have instituted a variety of aggressive incentives. These include uncapped federal Investment Tax Credits (ITC) of 30% of the cost of a system. State and local utility providers frequently offer their own solar rebate and incentive programmes. Together, these incentives could reduce your expenses by nearly half. And Solar Renewable Energy Credits (SRECs) should not be forgotten!