Why go solar – Amazing benefits of solar energy in Nigeria
There are many reasons why Nigerians need to go solar, but improving the environment and cutting energy costs are the most common. Many people are aware that solar is a great home efficiency upgrade and are eager to reduce their carbon footprint while also improving property value and the nation economy.
Whether your motivations for going solar are economic, environmental, or personal, this sizable list of solar power benefits will have something for everyone. Here are the amazing benefits why a Nigerians should opt for the use of solar energy in their homes and offices.
1. Remarkably reduce or even eliminate your electric bills
As a homeowner, business, or non-profit, electricity costs can make up a large portion of your monthly expenses. With a solar panel system, you’ll generate free power for your system’s entire 25+ year lifecycle. Even if you don’t produce 100 percent of the energy you consume, solar will reduce your utility bills and you’ll still save a lot of money.
2. Earn a great return on your investment
Solar power system aren’t an expense – they’re one of the best ways to invest, with returns comparable to the traditional investments like gas stations, stocks and bonds. Thanks to substantial electricity prepaid metering method Nigerian government implemented which helps in the control and management of the grid supply.
3. Protect against rising energy costs
One of the most clear cut benefits of solar panels is the ability to hedge utility prices. In the past ten years, residential electricity prices have gone up by an average of three percent annually. By investing in a solar energy system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs. If you’re a business or homeowner with fluctuating cash flow, going solar also helps you better forecast and manage your expenses.
4. Increase your property value
Multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes. Appraisers are increasingly taking solar installations into consideration as they value homes at the time of a sale, and as homebuyers become more educated about solar, demand for properties equipped with solar panel systems will continue to grow.
5. Boost Nigeria energy independence
The sun is a near-infinite source of energy and a key component of achieving energy independence in Nigeria. By increasing our capacity to generate electricity from the sun, we can also insulate our country from price fluctuations in global energy markets.
6. Create jobs and help your local economy
According to irena.org, 2016, the solar industry employment opportunities rises to 3.09 million globally. This growth is expected to continue geometrically at the educational and industrial sector. Because solar-related jobs tend to be higher paying and cannot be outsourced, they are a significant contributor to the Africa and Nigeria economy as we have the availability of sun rays in abundance.
7. Protect the environment
Solar is a great way to reduce your carbon footprint. Buildings are responsible for 40 percent of all carbon emissions in the Nigeria and going solar can significantly decrease that number. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually
8. Demonstrate your commitment to sustainability
Sustainability and corporate social responsibility are important components of an organization’s culture and values. They also produce bottom line results. Increasingly, consumers and communities are recognizing and rewarding businesses that choose to operate responsibly. Businesses are finding that “green” credentials are a powerful driver of consumer purchasing decisions, creating goodwill and improving business results.