Top 5 Advantages to Use Solar Energy and Solar PVT in Singapore
Top 5 Advantages Of Solar Energy :
Solar energy is radiant light and heat from the Sun harnessed using a range of ever-evolving technologies. If you’re looking to install solar panels on your home, hotels, companies, you’ll find a wide range of information. This can make it difficult to figure out whether or not solar panels are the right fit for you. As the cost of renewable energy continues to fall, more and more households are switching to clean, renewable electricity sources. Among the most affordable and abundant of these is residential solar.
To help you out, we’ve put together a conclusive list that weighs the pros of using solar energy.
#1: A Great Choice For Land-Scarce Countries like Singapore
While there are many forms of alternative renewable energy like geothermal and hydropower, they all have various restrictions that prevent most countries, especially those with geographical challenges, from adopting them.
#2: Technology Is Always Improving
Solar power has reached grid parity in many countries such as China, where the home-generated solar power is cheaper than the electricity generated from their national grid – spurring the national to hit 1,300 GW of solar power capacity by 2050 compared to just 174 GW in 2017.
#3: Environmentally Sustainable Energy Supply
The process of harnessing and converting solar power into electricity does not generally cause pollution and is vastly minimal when compared to that of fossil fuels.
In fact, according to the US Energy Information Administration, the average home in Connecticut with solar panels that switch from fossil fuel-powered electricity to solar energy has the same emissions reduction effect of planting around 150 new trees every year.
#4: Marginal Generation Cost & Enhanced Energy Sufficiency
Solar panels are also highly durable and crystalline panels are usually guaranteed for a lifespan of 20-25 years by manufacturers. This gives solar power users an assurance of energy sufficiency, allowing them to enjoy consistent savings off their electricity bill.
#5: The Cost of Solar Power has Dropped dramatically
The cost of solar has dropped dramatically in recent years, falling more than 70% in just the last decade. You’ll save money on maintenance too, since there are no moving parts to break down. In addition, the cost of home solar batteries have dropped substantially as well. The benchmark levelized cost of electricity (LCOE) for lithium-ion batteries has fallen 35% to $187 per megawatt-hour since the first half of 2018, according to research company BloombergNEF (BNEF).
The time for solar is now. See if it is right for you. We’re here to help every step of the way. Contact our Solar advisors for a complimentary solar battery storage quote today.