Solar power helps to slow/stop global warming. Global warming threatens the survival of human society, as well as the survival of countless species around the world. Luckily, decades (or even centuries) of research have led to efficient solar panels that create electricity without producing pollution that further contributes to global warming. Solar power is now one of the most important solutions to the global warming crisis.
Solar power saves society billions of dollars. If left unabated, global warming is projected to cost the global economy billions of dollars within the coming decades. That’s long before humanity’s existence comes under imminent threat from global warming. So, fighting global warming with solar power will likely save the global economy billions of dollars before the longer-term realities of global warming truly set in.
Solar power provides energy reliability. The rising and setting of the sun is extremely consistent. All across the world, we know exactly when it will rise and set every day of the year. While clouds may be a bit less predictable, we do have fairly good seasonal and daily projections for the amount of sunlight that will be received in different locations throughout the year. All in all, this makes solar power an extremely reliable source of energy.
Solar power provides energy security. No one can buy the sun or turn sunlight into a monopoly. Combined with the simplicity of solar panels, solar power is increasing energy security in Australia. State Governments are beginning to recognise this reality by introducing solar farms to their energy production capabilities.
Solar power provides energy independence. Similar to the energy security boost, solar power provides the great benefit of energy independence. Again, the “fuel” for solar panels cannot be bought or monopolised. It is free for all to use. Once you have solar panels installed on your roof, you have an essentially independent source of electricity that is all yours. This provides value for individuals, cities, states, and companies alike.
Solar power creates jobs. Solar power is a job-creating powerhouse. Money invested in solar power can creates two to three times more jobs than money invested in coal or natural gas.
Solar power increases your Home’s Value. Buying a home with solar panels translates into lower electricity costs. A solar panel installation increases the value proposition of your home. Similar to location, solar panels provide an advantage to prospective buyers.
Solar is a Secure Investment. Utility companies are notorious for their fluctuating and unreliable electricity prices. There is clearly an upward trend.
With solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price, for at least the next 20 years (solar installations enable us to fix energy costs).
Guaranteed Performance of Solar panels. Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years.
The real lifespan of solar panels is much longer – your solar panels will likely generate a good amount of electricity 30-40 years down the line.