Solar energy is a renewable energy source. This means that we cannot run out of solar energy, as opposed to non-renewable energy sources (e.g. fossil fuels, coal and nuclear). We will have access to solar energy for as long as the sun is alive – another 6.5 billion years according to NASA.
The potential of solar energy is beyond imagination. The surface of the earth receives 120,000 terawatts of solar radiation (sunlight) – 20,000 times more power than what is needed to supply the entire world.
An abundant and renewable energy source is also sustainable. Sustainable energy sources meet the needs of the present without compromising the ability of future generations to meet their needs. In other words, solar energy is sustainable because there is no way we can over-consume.
4. Environmentally Friendly
Harnessing solar energy does generally not cause pollution. However, there are emissions associated with the manufacturing, transportation and installation of solar power systems – almost nothing compared to most conventional energy sources. It is clear that solar energy reduces our dependence on non-renewable energy sources. This is an important step in fighting the climate crisis.
5. Reduces Electricity Costs
With the introduction of net metering and feed-in tariff (FIT) schemes, homeowners can now “sell” excess electricity, or receive bill credits, during times when they produce more electricity than what they actually consume.
This means that homeowners can reduce their overall electricity expenses by going solar.
Nowadays, most homeowners choose leasing or power purchase agreements to finance their solar panels. This drastically reduces, or in some cases completely eliminates, the upfront costs of a solar panel system, and allows homeowners to start saving money from the first day.