» Economic Benefits
» Environmental Benefits

 SOLAR POWER

Solar Power is the energy generated by sunlight. Solar Energy is being increasingly adopted throughout the globe because of its environmental benefits. This use of energy products no waste and does not give out any harmful emissions. Also , it does not put strain on the Earths’s ecosystem by using up too much land space, as it requires minimal machinery to operate.

 ECONOMIC BENEFITS OF SOLAR POWER

Today’s global environment is rapidly demanding increasing amounts of energy, and as fossil fuels are inevitably diminishing this is causing costs of energy to rise. Therefore, solar power is being increasingly utilized worldwide as a renewable source of energy, not only because of its environmental improvements but also for its economical benefits.
A Solar Investment:
Setting up a solar power system in your property can increase its value and can be regarded as an effective investment. The Appraisal Institute reveals that by installing a Photovoltaic solar electric system, value of homes can increase by $20,000 for every $1,000 per year saved in operating costs.
Numerous countries are encouraging individuals and businesses to install PV solar power systems in order to improve the efficiency of energy costs. Many are offering enticing financial incentives such as:
Tax Returns:
Some state laws allow the price of your solar power system to be deducted from annual taxes.
Solar Rebate Programs:
Some areas offer a payment, subject to the size of your solar power system.
Feed in Tariff:
Depending on your region, some utility companies offer to pay a specific fee to private generators of electricity.
Net Metering:
This is when your PV solar power system generates more power than you actually need. For example, a growing number of states in the US are allowing PV system owners to sell excess solar generated energy back to utility companies. This allows meters to run backwards, in turn producing credits on electricity bills. Therefore, as energy costs rise, economic returns on solar power systems will also relatively increase.
ENVIRONMENTAL BENEFITS OF SOLAR POWER

The conservation of non-renewable energy resources

Photovoltaic (PV) solar power eases the usage of diminishing natural resources such as oil, coal and gas. Today, we live in an exceptionally demanding environment where the use of energy is growing at an alarming rate. It is vital to preserve the earth’s fossil fuels and other natural resources, not only for a healthier environment but also for the ability of future generations to meet their own needs.

Lower Rates of Waste and Pollution
PV solar power systems minimize the amount of waste production. For example, the entire process of converting coal to electricity produces a lot of dust, discarded solid waste, spillages of toxins and harmful emissions, as well as wasting energy, heat, land and water.

Pollution from non renewable fuels is inevitable. Emissions such as Sulphur Dioxide, Nitrogen Oxide and Carbon Dioxide all can have a negative effect on farming, people’s health and water. Ecosystems are also at risk of being destroyed. Furthermore, pollutants from kerosene used for lighting purposes is reduced with the use of solar power systems, as well as the decrease in use of diesel generators for the production of electricity.

Offsetting Green House Gases

PV Solar power systems produce electricity without giving off carbon dioxide. One PV Solar system can offset approximately six tons of CO2 emissions over a twenty year life span.

Reduction of Energy Usage

Solar power improves energy efficiency and is therefore very beneficial for Third World countries. Solar power electricity reduces the costs of conventional power for built up cities, and is cheaper for industrial and commercial purposes to run their operations. This leaves the use of PV systems to generate power for most of the developing world's population in rural areas.

Decrease in Disposing of Dry-Cell Batteries

Small dry cell batteries are used for appliances such as portable radios and flashlights, but are most commonly used in rural areas where there is lack of electricity .However, the lead from these disposed dry cell batteries can have damaging effects on soil and water. Solar power reduces the need of using disposable dry cell batteries and therefore decreases the risk of contamination

 
 
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