Solar energy is derived from the sun’s radiation. The sun is a powerful energy source, and this energy source can be harnessed by installing solar panels. Did you know that the energy it provides to the Earth for one hour could meet the global energy needs for one year? However, we are able to harness only 0.001 percent of that energy.
There is a reason why solar energy has become a trending topic when talking about renewables. While it has been widely criticised for being expensive or not very efficient, solar energy has now proved to be extremely beneficial - not only for the environment but also financially speaking. Additionally, due to the higher demand, the technology has been improved considerably, turning into a significantly efficient source of clean energy.
1.Renewable Energy Source
Among all the benefits of solar panels, the most important thing is that solar energy is a truly renewable energy source. It can be harnessed in all areas of the world and is available every day. We cannot run out of solar energy, unlike some of the other sources of energy. Solar energy will be accessible as long as we have the sun, therefore sunlight will be available to us for at least 5 billion years when according to scientists the sun is going to die.
2. Reduces Electricity Bills
Since you will be meeting some of your energy needs with the electricity your solar system has generated, your energy bills will drop. How much you save on your bill will be dependent on the size of the solar system and your electricity or heat usage. Moreover, not only will you be saving on the electricity bill, but if you generate more electricity than you use, the surplus will be exported back to the grid and you will receive bonus payments for that amount (considering that your solar panel system is connected to the grid). Savings can further grow if you sell excess electricity at high rates during the day and then buy electricity from the grid during the evening when the rates are lower.
3. Solar Energy Storage
Solar energy can be used right away, or it can be stored in large batteries. These batteries, used in off-the-grid solar systems, can be charged during the day so that the energy is used at night. This is a good solution for using solar energy all day long.