A need to shift towards non-renewable and sustainable sources of energy is taking centre stage in almost all forums about climate change across the globe. Solar Energy is emerging as one of the key contenders to enable this transition. Already many commercial and non-commercial entities have shifted to solar for meeting their energy demands. Others are either thinking about it positively or are in the process of transitioning towards solar energy by installing solar power plants on their premises. Key reasons why now is the best time to shift towards solar energy are as follows:
Rising Energy Costs: As the world faces a severe shortage of non-renewable resources of energy such as coal, petroleum and diesel due to various reasons, it is imperative that the energy costs will continuously rise in the foreseeable future. Solar Energy on the other hand is a renewable source of energy and does not incur continuous costs and hence should be a preferred option for industries for protection against rising energy prices.
Reduction of Electricity Bill: Apart from raw materials and manpower, electricity is a major contributor to an industry’s expenses and directly impacts profits. Hence, shifting to solar energy is a great way to reduce expenses and maximise profits.
Increase in your property value: Installing solar panels on the rooftops can increase the property’s value. This is because of the increasing value of energy efficiency. When a building has solar panels, some or all the energy needed by the building is produced by the panels. This means that the short and long-term operating expenses of the property are lower than comparable buildings that do not have solar panels installed on the roof.
Reduction in Carbon Emission: Global warming and Climate Change are a glaring reality of our times and will affect generations to come if adequate and timely actions are not taken to reverse the effects. Green energy is therefore the need of the hour and all commercial and non-commercial entities should work towards reducing their carbon emission. Going solar is one of the best ways to keep carbon emissions in check.