The solar inverter industry has seen a boom in demand in recent years. This is because individuals have begun to recognize the advantages of switching to solar energy for both personal and business use. Even the federal and state governments are emphasizing the need to switch to solar energy. They are also providing different incentives for the installation of solar panels on both residential and commercial sites.
So, why do you believe the government is promoting the transition from local grids to solar energy? That is exactly what this piece is about. The three major reasons/benefits of employing a solar inverter as the main source of household electricity are listed below. Let’s check these solar inverter benefits here:
Solar panels are seen as renovations, similar to a remodeled kitchen or a completed basement; thus, investing in a solar energy system will most certainly raise the value of your property. According to studies, homeowners pay a premium for a solar house; one research conducted by Lawrence Berkeley National Laboratory found that solar boosted the value of a property by roughly $15,000. Although market conditions such as power costs and system size may influence the magnitude of the premium, solar houses may sell for more than non-PV properties. Find out more about solar energy and real estate.
It is around 25 years, and the return on investment period is approximately 6-9 years, implying that we will create and utilize solar electricity for free for more than 15 years. Meanwhile, the prices of fossil fuels and electricity continue to grow at a rapid pace, maximizing our benefits considerably.
While one rationale for transitioning from fossil fuels to solar is that fossil resources are finite and will not continue forever, and an even more important reason for this move is that, unlike fossil fuels, solar energy is a clean and green energy source. It contributes to lowering the carbon footprint, which is an urgent requirement. This is seen in how governments throughout the world have encouraged the use of renewable energy sources.
India is no exception, as shown by the Indian government’s provision of incentives for the installation of solar inverter systems. And the good news is that many individuals around the nation have already begun putting solar inverter systems in their homes and businesses. So, if you want to contribute to making the world a better place to live, go solar!
Going solar offers significant financial benefits as well as cheaper monthly power costs. The actual savings you will achieve with solar are determined by the following factors:
- Consumption of electricity
- Size of a solar energy system
- Whether you buy or rent your system
- Daily hours of direct sunshine
- Roof size and pitch
- Electricity tariffs in your area.
A solar energy system is an excellent option for anybody wishing to lower monthly power costs while making a long-term, low-risk investment.
5. You will receive good government rebates on buying a solar inverter
As all governments encourage solar system installation by supporting residential solar system owners with approximately 25% of the solar system price on average.
Another significant advantage of using a solar inverter system. If you live in an area where power outages are frequent and long and a standard UPS inverter is ineffective, installing a solar inverter system will help you reduce your reliance on the local grid. Solar inverter systems have grown in popularity in locations where there is no local grid.
You may be aware of the recent trend of individuals purchasing vacation properties in exotic areas. Because most of these regions lack a local grid, individuals depend on solar inverter systems to meet their energy demands.
People are exploring alternative energy sources as the cost of power rises. This is especially annoying for individuals who reside in places with shaky electricity grids. Because the sun is an endless supply of energy that is also ecologically benign.