Solar energy or power is simply the conversion of energy from natural sunlight into electricity. This is either done directly using photovoltaics (PV), indirectly using concentrated solar power, or a combination of both methods. The concentrated solar energy or power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into small beam. On the other hand, photovoltaic cells convert light into an electric current using the photovoltaic effect.
Never before has solar power been this available to households and businesses across the world. This shows that solar is taken over for all the right reasons because it is the transition that is worth every investment. But what are the reasons so many homeowners and businesses choose to go solar these days?
When it comes to expenditure, there should be a reason why people spend money for a whole new power project for their home or offices. Here are some of the reasons why so many homes and companies now choose solar over traditional electricity.
1 Solar Power Help Save Millions of Naira
One Block Off the Grid, a US solar company that works with the largest solar providers in that country states that adding solar panels to your home can bring in monthly savings of well above $100 in numerous states across the country. This applies to homes and not companies that consumes more power. For companies in the US or Nigeria, the amount saved a month could be up to N150, 000 or more.
Extend this to two decades, less than the length of Gennex Canadian solar panel warranty, and this translates to over $30,000 (10,950.000). Whether you order a solar energy for your home or business, you will save millions of naira. If you spend just N50, 000 on fuel every month, transitioning to solar will save you 11,000,000.00 plus (eleven million naira) in two decades. That is a sizable amount of savings you have not considered.
2 Solar Energy Increases Your Home Value
One of the smartest way to sell a property as a developer in a country like Nigeria is to build a home with solar panel installed. With solar energy in your home listed for sale, the value automatically rises and has better edge over others properties. As a real estate developer or individual that wants to sell a property for a good price in Lagos for instance, solar installation is your number one USP (Unique selling point).
Buying a home with solar panels installed translates into highly lowered electricity costs. Solar panels will increase a home`s attractiveness on the market and stand it out above others.
In the United States, a study conducted by National Renewable Energy Laboratory (NREL) stated that homes with solar panels installed sell 20% faster with 17% more money. Now, that is a country that has steady electricity supply. Compare that to Nigeria, where there is currently no reasonable power, where you spend more on Generators and pay outrageous bills.
Consider this also, the U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory came to a conclusion after findings that the sales price of the average home increased by $17,000 with solar panels installation. And this is a global trend because people want to save money and smart business owners are now embracing the viable options solar brings to the table.
3 Solar Power Installation Means Secures Investment
You need no abracadabra in Nigeria to state the obvious. Namely, that when electricity prices go up, they never come down. This has become a trend in the country. Not only is power supply low, but also expensive and constantly rising.
With installation of solar panels and simple mathematics, you can calculate how much electricity will be generated. This will also help you know at what price this will be done. With that, you know how to manage your power consumption for at least the next 20 years and know how much you are taking to the bank as savings.
4 Solar Means Guaranteed Functionality
Gennex Canadian Solar panels for instance come with a 25-year warranty. This is also known as solar panel performance guarantee. This does not in any way mean that they will stop functioning or working after 25 years. Rather it means that after their warranty years, their performance potentials may be at about 70 -80%. (Still working efficiently)
5 Solar Energy Help Save Life and the Environment
Carbon dioxide emissions is a worldwide scourge that is at an alarming rate. You can help in lowering carbon emission by replacing generators power with clean electricity from solar panels. In Nigeria, families have been killed by generator fumes. With clean renewable energy, you don’t have to worry about any fatal danger generator fumes posses.
6 Solar Brings Energy Independence and Constant Business Growth
In Nigeria, countless businesses with rather enviable potential have been greatly negatively impacted and many even closed down because of power instability. Reliance on PHCN and generator comes at a great cost monetarily and otherwise. But an independent power supply system will boost your business growth, because you can bank on it to deliver when you want it to at practically no cost long term.
7 Solar is Easy and With Very Low Maintenance
What many people don’t know is that shopping for solar is like a walk in the park. Contrary to popular views, solar energy installation do not require you to know anything. This is because there are expert installers that will do everything for you. Gennex Technologies is a leading solar company in Lagos and Nigeria at large. Transitioning to renewable energy through Gennex Technologies is seamless and cost effective.
Our team of independent expert solar consultants will help you carefully look through best options available to you. This will enable them determine how much you can save, and provide an answer for all other solar questions you may have. (A free consultation system without obligation)
The sophisticated solar energy systems we provide don’t require any special skill to maintain them. You only need to keep them relatively clean. Therefore, cleaning them a couple of times per year will do the job just fine. And there is customer support even after installation. Also, Gennex solar energy installations are stationery and such there is no wear and tear affecting durability.
Have any question relating to solar energy installation or this article, please contact us or feel free to ask in the comment section below.