Benefits of Solar Energy System-GO Solar With OLO Solar
Benefits of Solar Energy System
Here are the reasons why solar energy is good for residential and commercial places and more popular more ever in India.
Economical:
- Drastically reduce your electricity bill :
With a solar Panel on-grid net meter plant, you will generate free power for a 25-year lifecycle. The solar plants will reduce your utility bill up to 75% to 85%.In India, for any business or non-profit organization, Electricity cost contribute a large potation of your monthly expenses. Due to the Solar plants, it can be minimized.
- Return of Investment (ROI):
The solar plant is not an expense. They are one of the investments which can produce a return of investment of more than 20%. It could be better than stocks and bonds.
- Increase the Property value :
Multiple studies have found that homes, Hotels, equipped with solar energy systems have higher property values and sell more quickly than non-solar. Demand for properties equipped with solar panel systems will continue to grow
- 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, residential electricity prices have gone up by an average of two to three percent annually. By investing in a solar energy system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs.
- Stay competitive:
Companies quickly are realizing the social and economic benefits of adopting solar power. As early adopters pull ahead of the competition, many companies are exploring solar power as a way to keep up.
Environmental :
- Protect the environment
Solar is a great way to reduce your carbon footprint. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually.
National faith :
- Boost the energy independence
In India, the sun is a near-infinite source of energy and is available 320 days a year. By increasing our capacity to generate electricity from the sun, we can also insulate our country’s price fluctuations in global energy markets.
- Create Jobs
Recently, the study found that the solar industry adds jobs many times faster than the overall Indian economy. They are significant contributors to the Indian economy. The growth is expected to continue.
