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Economic benefits of solar energy

Millie HennickAugust 30, 2018 992 0

Economic Benefits of Solar Energy

These days, with the falling cost of solar panels, there are even more reasons to consider the installation of a solar energy system. For many people, the environmental benefits of solar are the principal reason they make the investment in solar power. But the sun has been used for millennia to warm homes. The use of solar energy is not new either. We’ve been harnessing the sun’s energy since 1839, and recent technological advances have made solar much more efficient and easier to afford.

Fossil fuels will not dominate for much longer

For decades we’ve been using coal as our main source of electricity. Many viewed the solar industry as a “pie in the sky” response to the alarming rise in greenhouse gases. Through education and technological gains, the public is gradually learning about the efficacy of renewable energy sources. In the last few years, solar panels have dropped in price a whopping 80% and quickly became a viable source of energy for the masses. It became widely used as solar became cheaper than coal, it became an option for those who want to save money on their utilities, so while solar cuts down harmful emissions, it also became a valuable source of income throughout the world.

Solar is saving many people money

The average household, depending on location, can drastically increase its energy savings from $20,000 to over $60,000 in two decades of utilizing solar energy. Solar is not just for individual households, but commercial entities are also seeing the financial benefit of switching to solar. For example, Walmart, the biggest retailer in the world, is now the largest commercial solar power in the United States. 

Solar job opportunities

Employment in the solar energy industry increased by 20% between 2013 and 2014.
Solar energy jobs grew 12 times as fast as the US economy. Solar distributors also play an important role in the solar industry as it helps manufacturers to do business with professional & capable solar installers that produce more jobs for people. 

The environmental value of solar power

The main reason why solar energy was created was not to cut our energy bills but to reduce global carbon emissions. Solar power’s low carbon footprint, low emissions, and long-term sustainability make for healthier people, waterways, soil, animals and more. It’s a benefit that’s clearly invaluable, but it makes good financial sense, too.

There has never been a better time to install a solar energy system!

Solar power is here to stay, and the sooner you explore how much you can save, the sooner you can enjoy the benefits of residential solar power. Go to HahaSmart.com and try our price checker tool. It tells you how much solar power you need, and how much you can save.

Please visit our solar blog to find out more about the benefits of going solar. 

Solar system price checker

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