Why Solar?
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.