Sustainable Energy, Less Pollution
With the introduction of solar energy into a community, business, school, town, or utility, there are many benefits, including cost savings, support for sustainable energy, less pollution, and energy independence. These benefits help explain the increased demand for solar projects, but there are technical reasons as well. Simply put, solar power systems are easier and more economical to build these days: They are easier to install, thanks to advancements in the technology of the photovoltaic panels and associated hardware. The total system costs have also come down thanks to economies of scale in manufacturing and supply. It’s easier to predict the savings and the cost of running a solar energy system because the components are more reliable. And it’s easier to make the decision to go solar because of the many state and federal incentives to pursue renewable energy.
A solar power system can save money on energy bills thanks to the economics of today’s solar photovoltaic (PV) arrays. The increased efficiency and cost per watt of solar panels and equipment translates to a solar power system’s lower electricity costs.
Customers of solar projects typically see savings of 10% to 20% on their electricity costs.
A big advantage of solar energy is the positive impact for participants in knowing that their energy source is not producing emissions that contribute to global climate change. Buoyed by the movement toward renewables, solar PV capacity has accelerated worldwide in recent years, with solar PV additions rising faster than any other fuel, according to the International Energy Agency. The agency expects global renewable electricity capacity to increase more than 40 percent by 2022, and solar PV is predicted to represent the largest annual capacity additions.