The top reasons to set up an electric power generation system that is solar powered. system

There are numerous reasons to set up solar photovoltaic power to reduce the carbon footprint of your home and your monthly electricity bill to minimizing the effects of the ever-growing costs for energy and earning an income tax-free for the coming 20 years. Furthermore, PV solar panel installation is easy to set up that are guaranteed to last for a long time and require little maintenance.

Learn more about the major advantages of solar PV as well as reasons to consider it as an ideal renewable energy option.

Reduce Your Carbon Footprint

Solar photovoltaic systems are eco green, utilizing sunlight to generate zero carbon-free electricity. Furthermore solar PV systems do not release negative CO2 (CO2) as well as other pollutant and the vast majority of solar panels are made of silicon that is made from sand, which is one of the earth’s richest natural resources.

Based on your location and your system, it’s likely that you can generate at least 50% of your annual electricity demands from renewable energy which could save between 700kg to 1 tonne of CO2 annually (typical 2kWp systems).

Cut Your Energy Bills

The energy generated by your PV system is totally free to utilize. The typical PV unit generates about half of all the energy used by a household during the year, which means your energy bills are greatly decreased.

All electricity you consume is free in the event that your system generates electricity. You will have to pay for the electricity you use during times when the panels aren’t producing electricity, like in the evenings or at the night. Additionally, if you’d like to be carbon neutral or aren’t connected to the grid, you are able to store any excess power in batteries for use whenever you require.

Inflation-Linked Tax-Free Earnings for 20 years

With the help of the government-backed feed-in tariff, if decide to invest in solar PV, you’ll earn a tax-free, inflation-linked income for the following 20 years. This incentive, created to motivate people to make investments in renewable energy sources, offers a fixed cost for each kWh of power that the system generates regardless of whether or not you make use of the electricity or not.

Additionally you also have the right to an additional fee for each kWh of electricity you don’t use and feed back to the grid. Find out more about the feed-in rate.

A typical system produces the return on investment around 10%. It takes approximately 10 years to pay back the initial investment. After that, each penny you make through the feed in tariff is a pure profits. In addition If inflation increases and electricity prices increases , your investment return is likely to increase.

Reduce Your Dependence on Electricity Providers

It’s no secret that cost of energy has increased significantly in recent years, and due to the declining availability of fossil fuels from natural sources and the growing demand across the globe This trend is going to increase. Installing solar PV panels will decrease your dependence of grid-provided electricity as well as the huge commercial energy companies, while decreasing the impact of the increasing energy prices in the coming years.

A long system life and Minimal Maintenance

Solar PV is an old-fashioned and proven technology that was used on satellites for over 50 years long ago. Since the 1990’s, thanks to advances technological advancements and reduced costs the popularity of solar PV has seen huge growth.

With a long-standing track record solar PV systems are extremely reliable and require very little maintenance because they don’t have moving components. A majority of solar panels are backed by the makers with a cell guarantee that lasts between 20 and 25 years. This together with the lengthy expected lifespan of the whole solar PV array, indicates that your solar PV installation is likely to provide the energy you need for at least 25 years.

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