Solar power is the future of renewable energy for homes and businesses. With the cost of traditional energy constantly on the rise, solar energy systems are now more practical than ever. In fact, solar panels are a worthwhile investment that continues to pay for itself over time, as they can significantly reduce or completely eliminate your energy bills — and your reliance on utility companies.
Solar is a great way to reduce your carbon footprint. South Africa is the world’s 14th largest emitter of greenhouse gases (GHGs). Buildings are responsible for a large percentage of all carbon emissions, and going solar can significantly decrease that percentage. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually.
Sustainability and corporate social responsibility are important components of an organization’s culture and values. They also produce bottom line results. Increasingly, consumers and communities are recognizing and rewarding businesses that choose to operate responsibly. Businesses are finding that “green” credentials are a powerful driver of consumer purchasing decisions, creating goodwill and improving business results.
One of the most clear cut benefits of solar panels is the ability to hedge utility prices. The data from Eskom in South Africa shows that tariffs between 2007 to 2017 increased by an eye-watering 333%, with this figure set to rise to 490% by 2021. By investing in a solar energy system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs. If you’re a business or homeowner with fluctuating cash flow, going solar also helps you better forecast and manage your expenses.
Multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes. Appraisers are increasingly taking solar installations into consideration as they value homes at the time of a sale, and as homebuyers become more educated about solar, demand for properties equipped with solar panel systems will continue to grow.
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