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The Truth About Photovoltaic Energy's Paybacks
The Benefits of Solar Power
Harnessing the sun's energy can slow down and prevent global warming. Choosing solar panels for your home means creating unlimited power without harming the planet.
Solar energy saves society and individuals millions of dollars. It reduces the need for the very expensive fight to stop global warming. Individuals with solar-powered homes save about $1,000 per year over 20 years. In heavily populated regions like Florida, New York and California, savings increase to $30,000 in the same period, with Hawaiian customers netting a staggering $65,000 benefit.
The sun provides reliable energy that can never break down or be depleted the way conventional sources do. It also cannot be bought by monopolies that control prices and supplies.
The solar energy business creates far more jobs than conventional power sources. For example a $1,000,000 investment in coal would create 5 jobs or 7 in the natural gas industry. The same amount results in 14 solar industry jobs.
Independence is one of the major benefits of solar power. Individuals who want to live off the grid can build homes that do not rely on local utility companies. Towns, cities, and even countries reduce their dependence on fossil fuels. For instance, when the Ukraine began converting to solar energy, the region saved about 3 billions dollars in gas and oil imports.
The Disadvantages of Solar Power
There is no power when the sun doesn't shine. This is true, but has little overall impact. The demand for power is greatest during daylight hours. Much less is needed overnight. In addition, the sun's energy can be saved in batteries and used when it is dark or cloudy. In fact, it has been estimated that, with enough storage, the sun could provide enough electricity for the entire planet.
Conversion to solar energy costs money. It is a fact that solar conversion requires an investment. However, many regions and governments offer substantial energy tax credits and other financial incentives to those who go solar. Customers also reduce energy costs from the first day. In addition, the companies who provide and install panels typically offer attractive financing options.
Every day thousands of homeowners, businesses and even governments switch to solar power. They make the choice to help save the planet while also reducing energy costs. In addition, solar energy users can be independent of utility companies and fossil fuels.