A photovoltaic cell is the fastest-growing form of renewable energy and is worth all the appreciation. People can save more power than they would have otherwise gotten from the grid. In the long run, it ultimately gets them good financial returns. Although initial costs may seem high, the payback time is short, so these are great investments for electricity needs.
Solar panels can usually convert 15% to 222% of the sun’s power to a usable form which varies based on location, orientation, weather, and other factors. Their performance measures how much sunlight the panels can change to electricity. It is the deciding factor for the panel’s efficiency.
The efficiency of silicon energy currently is around 22 per cent. But, continuous research is going on new crystalline material called Perovskite that could increase the efficiency even beyond. The following reasons will discuss why homeowners and commercial business owners should consider switching to solar energy rather than using power from the grid.
Free Solar Panels Available
It can be quite affordable to buy and install solar cells. Not everyone has the needed funds. There are viable options available to install this panel at no cost. It is possible because customers technically rent their roofs to the government. Let’s look at how it works:
- The suppliers rent your roof and install these cells.
- The installer pays all Feed-in Tariff payments (FIT) for the next 20 years. You don’t pay anything.
- Although you cannot keep the FIT payments, it will save much on your power bills annually. The installer will also cover all maintenance.
You don’t have a choice if you can’t pay the initial cost of installing a sun-based electricity system. However, this power-saving form of electricity generation is still available. It is a win-win situation for all the parties involved and also an efficient one.
Solar Panel Feed-in Tariff
Eligible people can benefit from FIT payments in three ways:
Generation of Constant Tariff – Your energy supplier will pay you a fixed rate for each kWh of electricity you produce. After your system is registered, the tariff levels are guaranteed for the duration of the tariff. They are index-linked and can last up to 20 years.
Export Tariff – The system supplier will pay you an additional rate for every unit you export to the electricity grid. You can therefore sell all electricity you produce but not use. Government considers smart metres to measure export rates. However, until then, they will sell back around half of the power exported. It is another example of efficient energy-saving methods.
Energy Bill Savings – Because you generate electricity to power your home, you won’t have to pay as much for the electricity system from your supplier. It will allow you to save a lot of money on your electricity bills. The amount of electricity you use daily will determine how much you save.
Significantly Cuts Down Energy Consumption
Solar panels can help reduce your dependence on the grid for electricity needs. Instead of conventional electricity, solar batteries are the perfect option to power your home at night. Besides, it not only saves energy but also helps to reduce the pollution released each day.
There Are No Carbon Emissions
Solar power is based solely on the sun’s light and converts it into electricity. It means you don’t produce harmful emissions of greenhouse gases that contribute to global warming. Thus, you reduce your carbon footprint by up to 80% annually.
Renewable Form Of Energy
The sun’s power is a form of renewable energy, meaning that until the sun goes out, the energy it provides will never run out. Fossil fuels, the most common energy source at the moment, are also what we use the most. They are also running out and also harm the planet. A small amount of these units per household can make a big difference.
You Don’t Need Maintenance
Gas boilers and other conventional heating systems can fail, and we need to get them repaired or replaced. They can also contribute to the harmful emissions we create every day. Although there is some waste from panel manufacturing, they are still light on the environment and can be recycled.
The solar power market has lots of big players. The competition will likely result in lower prices and more efficient storage solutions. It will result in less costly and more efficient sun power modules that you can easily install at home. Over the past decade, sun panel efficiency and affordability have dramatically improved. Through various solar panel facilities, the government has encouraged households to choose renewable energy to power their homes.