Installing solar panel systems not just offers economic benefits but it also helps reduce dependence on local grids. And most importantly, solar panel installation helps contribute to a sustainable future as solar energy is a clean and green source of energy. No wonder solar panel systems are getting popular by the day. That said, if you are still contemplating installing solar panels on your residential or commercial property, here are four compelling reasons for you to go solar before the end of 2022.
1.The government is offering attractive subsidies, currently.
As you would know, governments across the globe are encouraging their people to go solar. The Indian government, too, has set itself a target of 100GW of total installed solar capacity by the end of 2022. And so, the government is offering substantial subsidies to homeowners and businesses for the installation of solar panel systems. So if you are looking to go solar, now is the best time as there are good discounts on various solar panel systems. Note – The current subsidies differ by state, so make sure to inquire with your solar panel system builder about which ones apply in your area.
2.The energy prices are skyrocketing.
Energy prices have gone up dramatically over the last 10 years. And it is anticipated that the prices will continue to increase further considering the global energy crisis. Thus, it is a good idea to go solar in order to save on energy bills and to stay isolated from the rising energy prices. And do you know what the best part of going solar is? Well, going solar not just allows one to cut their energy bills, but it also allows people to sell excess energy to the local grid.
3.You will make great returns on your investment.
Usually, the money you save on your energy bills during the first 3 to 5 years will pay for the cost of your solar panels. You will stop having to buy electricity from your electric supplier and instead use free energy from the sun. The sooner you install solar panels, the sooner they will pay for themselves. And once you break even, you will make handsome returns on your investment for the next 15 to 20 years, depending on the life of your solar panels.
4.It will boost your property’s resale value
The recent real estate sales trend suggests that residential and commercial properties with solar panel systems installed on them are in great demand in the market. Prospective buyers are willing to pay more for such properties because they allow savings on energy bills, and it also saves them time from having to set up their own solar panel system.
Ready to go solar?
Hope the post was helpful, and we were successful in our endeavor to encourage you to go solar. Also, if you are convinced and are ready to take the plunge, we advise you to check out the wide range of solar products from Luminous India. It is one of the leading solar product manufacturers in India. The best part about the company is its excellent customer service, no wonder the company has a customer base of 70 million plus satisfied customers.