Investment in solar energy pays for itself before reaching the end of its useful lifeIn homes and businesses, investing in solar energy is a good investment.
The performance of the system over its 25-year useful life is greater than that of any other financial transaction, in addition to many other benefits achieved with this technology.
However, many people still believe that investing in solar energy is not worth it.
These people only think about the initial investment, they are often not able to visualize long term benefit which is obtained from the installation of the system over the years.
In addition, a system not only saves on the electricity bill, but there are many other benefits of solar power as well.
There are many web pages that can help you solar calculators to simulate your investment in a solar photovoltaic system.
With these calculators, you can quickly get a rough estimate of the following data from your system:
- Price (equipment and installation labor).
- Monthly savings on your electricity bill.
- System amortization (return on investment).
- Number of solar panels we need.
- Monthly system output in kilowatt-hours (kWh).
- Maximum power (maximum system generation under ideal conditions).
Depreciation of investments in solar energy.
One of the biggest advantages of a solar system is that he will return all that we have invested.
Each month the savings the system generates on your electric bill are money left in your pocket and part of the invested value that you get back.
Over time, these savings accumulate until they become the value you invested in the system.
This is the time it takes us to pay off the solar system, which we call depreciation.
Depending on the characteristics of the establishment and your place of residence, the investment will pay off faster or a little slower.
In the case of companies, the investment is also very attractive compared to the minimum estimated useful life of a solar panel, who is 25 years old.
After you amortize the investment, you will have years of free energy.
The return on investment varies depending on the installation, being proportional to three main values:
- The cost of the project.
- Energy rate.
- Monthly savings on the bill.
In addition, the reimbursement may be higher when considering energy inflation, which increases the monthly savings obtained with the system. As energy inflation increases in price, the annual savings with the system are greater. In Spain, over the past 10 years, it has become 60% more expensive.
Let us add that, according to a study carried out by the Lawrence Berkeley National Laboratory, in the American state of California, buyers would be willing to pay an additional $ 15,000 for a house with solar panels installed instead of one without them.
Another obvious reason to invest in solar energy, and the most important for many: the environment.
We all know the sun is a clean source of energy, the greatest available on our planet.
Just to give you an idea, the energy that the sun radiates in one second is far greater than the amount consumed by humanity since it appeared on the face of the Earth.
The transformation of sunlight into energy, which takes place inside the photovoltaic cells of a solar panel, is carried out in a 100% clean way, without emission of pollutants or other environmental impact.
With the problem of global warming, today more than ever, Consumers demand sustainable solutions and environmentally friendly products from companies.