There are many benefits of solar energy. Here are our most important ones to keep in mind:
1. Solar can either drastically reduce or totally eliminate your electric bills
This top benefit of solar panels is pretty straightforward – when you install solar power for your home, you generate your own electricity, become less reliant on your electric utility and reduce your monthly electric bill. A solar panel system typically has a 25-35 year lifespan, which means that you can cut your electricity costs for decades to come by going solar. Use this instant estimate tool to get a customized estimate of your long-term electricity bill savings and review personalized projections for up-front cost and 20-year solar savings. The cost of solar is dropping across the nation.
2. Solar improves the value of your home
Thousands of Singapore homeowners are interested in solar panels but haven’t taken the time to figure out what it takes to install them. This consumer reality and the undeniable benefits of having solar panels on a home complements recent studies that found property values increase after solar is installed. Thus, the second “pro” of solar can help to level out one of the cons that we discussed earlier – even if you’re planning on moving in the near future, you’ll earn back your solar panel investment and then some when you sell your home. To learn more about the increased resale value of solar homes and find out just how much solar adds to the market value of your property, check out this article on solar and property values.
3. Solar can pay you money while you’re earning back your investment
Singapore government offers the net settlement program for cash rebate from solar. Actually, it turns solar panels into profit in addition to generating bill savings that pay off the cost of the system. Net settlement of energy is the main key benefits of solar that allow you to earn bill credits (or even extra cash) as your system produces electricity. In these scenarios, you are being compensated for the electricity that your solar panels generate. You can expect both immediate and long-term returns from your solar investment.
4. Going solar gives you control over rising energy costs
Many homeowners face anxiety when it comes to their electricity bills because, in most scenarios, there is nothing you can do to control your utility electricity rate. While the cost of solar has decreased by more than 70% in the past decade, the cost of electricity has risen by about 5%, and that trend in rising electric cost is expected to continue. Going solar puts you in the driver’s seat when it comes to energy generation. Utilities are quickly adapting to the rising adoption of renewable energy and Singapore government is quickly increasing its goals for greenhouse gas emissions reduction, which means there’s really never been a better time to be energy autonomous.
5. Solar reduces carbon emissions and protects the environment
Solar is a clean, renewable source of energy that can help reduce carbon dioxide emissions and lower our impact on the natural environment. Unlike traditional fossil fuels like coal and oil, solar energy does not lead directly to pollutants (like carbon dioxide) being released into the atmosphere and water supply. Even compared to nuclear energy, solar comes out on top in terms of being a more environmental-friendly solution.
Perhaps the most admirable and patriotic advantage of solar power is the fact that it benefits our environment while simultaneously helping our country to make the necessary transition away from fossil fuels. In pursuing energy solutions to help the Singapore reduce overall emissions, our nation is also establishing independence in order to cease being heavily reliant on fossil fuel producers abroad. As the world searches for the most cost-effective ways to reduce our carbon dioxide output in the face of global climate change, solar energy has become a trendy resource for good reason, and perhaps even a bragging right for Earth Day and the Fourth of July.