Solar energy is obtained from the sun’s radiation and it can be converted to electricity or heat. It is freely available and thanks to advances in technology, we can now harness even more of the solar energy that is continuously available to us. Here are 7 benefits related to this renewable source of energy.
Impact on the Environment
Solar energy has the least negative impact on the environment compared to any other energy source. It does not produce greenhouse gases and does not pollute the water. It also requires very little water for its maintenance, unlike nuclear power plants for example, needing 20 times more water. Solar energy production does not create any noise, which is major benefit, since a lot of solar installations are in urban areas.
Reduce Your Energy Bill
Generating your own electricity means that you will be using less from the utility supplier. This will immediately translate to savings on your energy bill. Plus, you can also make money by selling the unused electricity, which you have generated, back to the grid. The more energy you produce, the less you will need from the supplier which will increase your energy self reliance.
Read more: How to Save Money With Solar Energy?
In addition, you could also receive payments over the next 20 years through the Feed in Tariff, resulting in even more money saved. This tariff is ending on the 31 March 2019, though, so it is advised to act quickly if you are interested in investing in solar panels for your home. By submitting your application before this date, you could still qualify for the government scheme.
Applications for Solar PV Feed in Tariff Close in March
Read our guide on how you can still benefit from the solar PV Feed in Tariff before it ends in March 2019.
Energy Production Matches the Time Frame of Higher Demand
Energy needs tend to be higher in the 11:00-16:00 time frame and then early in the evening. Naturally, this is the period when the price of the electricity peaks. Solar energy happens to reach its maximum production capacity during those hours. Electricity produced at that time has higher value than if it was generated at night. With the additional electricity input of solar energy, prices in those time frames could be driven down to a level close to those of night hours.
Solar Energy Is Applicable Everywhere
As long as there is sunshine, solar energy can be deployed anywhere. This is particularly useful for remote regions with no access to any other source of electricity. There is a vast amount of people around the world with no access to electricity. Independent solar systems could be deployed in those regions and improve the lives of millions of people. Moreover, solar energy is also used to power up spacecrafts and boats.
Less Electricity Lost During Long-Distance Transport.
Some of the energy, around 3-5%, is lost during transportation and distribution. The longer the distances between the production and the supply points, the more energy is lost. Those loses might not seem significant but they can influence the performance of the installation in regions with high population density. Having solar panels on the roof or in the yard significantly reduces this distance, therefore increasing the efficiency of the electrical system.
Improves Grid Security
The grid is less vulnerable to blackouts if there are many power plants which are spread out. A grid with high penetration of solar energy has thousands of energy production centres which are widely spread out. This improves the security of the grid in case of overload, natural or human-caused disasters.
Large part of the cost associated with solar systems comes from the installation of the panels. This contributes to local job creation. Using solar systems boosts the economy and positively affects the local community.