It’s no secret that solar energy has several advantages for businesses, organizations, and property owners. Businesses throughout the country and the world are reaping the benefits of solar PV installation. It also helps to have the benefits set out while deciding whether or not to go solar. That is why we are providing you with eleven reasons why you should go solar.
REDUCED OPERATING COSTS FOR YOUR BUSINESS
The lowering of energy expenses is one of the most tangible and significant reasons to go solar. The power produced by a solar system offsets your electrical use, considerably decreasing or eliminating your electricity bill, allowing you to spend or save the difference. Read our blog on how solar influences your power cost for more details on how this works.
GOOD RETURN ON INVESTMENT
When a company makes a major financial investment, it must have a high return and a fast payback time. Depending on system size and financing options, solar arrays generally have a payback period of 3 to 6 years. Following the payback period, all financial gains and savings contribute significantly and directly to your ROI.
ENVIRONMENTAL LEADERSHIP AS A CSR
The need for renewable energy is substantial and expanding across the country and around the world. Customers, tenants, and potential workers are increasingly considering the environmental policies and commitment to sustainability as part of their decision-making process. Businesses that go solar help to expand and implement carbon-cutting renewable energy technologies, so helping to develop a more sustainable world.
ENERGY COST STABILITY
Electricity expenses have climbed by more than 70% in the last ten years and continue to rise erratically, making it challenging to budget for this line item year after year. You can properly anticipate the cost of your energy usage with solar for more than 25 years. Predictable energy rates imply a more predictable budget.
REDUCED CARBON FOOTPRINT
Solar energy is environmentally friendly, renewable, and abundant. Solar energy, unlike fossil fuels, does not emit damaging greenhouse gases that are known to contribute to global warming. Your company may lower its carbon footprint and contribute to a culture of sustainability by employing solar power.
While a solar array does require some maintenance and cleaning to function properly, it requires almost no day-to-day care, making it a simple and cost-effective addition to your business. Our professional technical staff can help you maintain solar PV systems to get the most out of them.
FLEXIBLE FINANCING OPTIONS
There are a variety of flexible financing alternatives available to homes and commercial enterprises, including solutions with little to no up-front charges. Modern finance solutions give advantageous possibilities for firms and organizations of all sizes, regardless of available cash or tax appetite. Whether you want to buy the system completely or lease it for 20 years, there is an option for almost everyone who wants to go solar.
FREE SOURCE OF ENERGY
The sun gives us more energy than we could utilize, and no one can monopolize it. Your solar power system will begin saving money the instant it is turned on; however, the benefits of solar electricity are most obvious over time. The longer you own your solar power system, the more you will profit from solar technology while also helping the environment.
TAKES YOU OFF-THE-GRID
Traditional power is primarily reliant on fossil fuels like coal and natural gas. They are not only detrimental to the environment, but they are also scarce resources. This results in a turbulent market, with energy costs fluctuating throughout the day.
Solar energy increases your energy independence! By investing in a 5kW solar system, which is the most popular home size, you can simply protect yourself from unpredictability in utility price hikes and enjoy electricity throughout the day – the sun never raises its rates and provides you with energy security.
KEEPS THE LIGHTS ON IN A POWER OUTAGE
Battery storage and inverters enable you to store the solar electricity generated by your solar panels. You will also be able to keep your appliances, such as your refrigerator, operating in the case of a power loss, preventing your food from deteriorating and saving you a trip to the market as well as money!
DECREASES NIGERIA’S DEPENDENCY ON OIL
Switching to solar is the best possible alternative if you want to help build the Nigerian economy, boost jobs, and guarantee that we are no longer reliant on oil and other foreign organizations for our energy (which is a poor idea).
According to the International Monetary Fund, the Nigerian economy is strongly reliant on the oil industry, which accounts for more than 95 percent of export profits and around 40 percent of government income, and this trend is unlikely to diminish unless more people transition to solar energy.