Top 4 Reasons You Should Consider Going Solar in 2022
Are you fed up of paying hefty electricity bills? Or are you annoyed by the erratic power supply from your local grid? If your answer to any of these questions is yes then it’s time to ditch your local grid and consider going solar. In fact, switching to solar will not just make economic sense and rid you of your dependence on your local grid but it will also help you contribute to a greener Earth. Continuing the discussion forward, in this post, we list four key reasons that will compel you to consider installing solar panels on your property. Let’s have a look.
1. Substantial Savings
The electricity prices have gone through the roof during the last one decade. And if you aren’t aware of it, look up your previous ten years’ energy bills and you would notice an exponential rise in the energy prices. We know it can be a little frustrating but let bygones be bygones and let us now focus on saving our future energy costs. Installing a home solar panel system can help you do just that. After you install a solar panel system, the savings you make during the first 4 to 5 years will help you recover the initial setup cost. Post that you will enjoy the benefit of free electricity for the next 20 to 25 years as most solar panels have an average lifespan of 25 to 30 years.
2. Government Subsidies
The Indian government recently took up an ambitious target of expanding the solar energy setup by 100 GW. The government is, therefore, giving out subsidies to residential property owners to encourage them to install solar panel systems on their property. The solar subsidy, however, varies from one state to another and so you should talk to your solar panel supplier to get a better idea. Also, make sure you avail of the subsidies as soon as possible as you never know if the government might reduce the subsidy or stop giving out subsidies once there is enough awareness about the benefits of going solar.
3. Higher Property Resale Value
Adding solar can significantly increase the value of your property. We first saw that trend in the US and are now seeing a similar trend in India. Homebuyers are ready to shell out more money for residences with pre-installed solar panels as it insulates them from rising energy rates and because it saves them the time and effort one has to spend on getting a solar panel system installed on their property. And that’s not all. If you have a solar panel system installed on your property, even the tenants would not think twice before paying a higher rent as they know they would be making substantial savings on their electricity bills.
4. Freedom from Utility Grid
Besides the high energy prices, sometimes erratic power supply is one of the main reasons one would want to reduce their dependence on their local grid. Also, there are places where there’s no grid supply and the only way out is to set up an Off-Grid solar panel system that comes with solar batteries. So if you had been planning to buy a holiday home or an investment property in a far-off area but have been procrastinating your buying decision because of power-related issues in that area, solar panel systems got you covered.
Just as importantly!
In addition to the above-mentioned reasons, there’s one more reason that’s probably the most important considering how it can help in the greater good of our society and our coming generations. Well, we are talking about the environmental benefit of installing solar panel systems. By setting up a solar panel system, you will not just save money and reduce your dependence on your local grid but you will also play a major role in making the Earth a cleaner and greener planet. You will be preventing tonnes of CO2 emission during the coming years.
So what are you waiting for? A reputable solar products manufacturer – Is that what’s been delaying your decision to go solar? Well, we suggest that you go with Luminous India, one of the most trusted names when it comes to solar products.
