Many businesses and homeowners are now turning to solar energy as a means of cutting down on costs as well as improving the environment. Solar energy enables users to cut down on their carbon footprints as well as improving their property value. Just like most places in the UK, Nottingham has seen a surge in the use of solar energy. The growth in reliance on green energy is expected to grow further in the coming years. Here are some of the reasons you should get solar panels installed if you live in the Nottingham area.
Reduce or Entirely Eliminate Electricity Bills
Electricity bills make a huge portion of your monthly expenses. When you install solar panels in Nottingham and especially if you are a business owner, you will boost your profits. On the other hand, if you are a homeowner, you may entirely do away with your electricity bills, increase the value of your property and even shield yourself from the ever rising, unpredictable costs of electricity. An advantage that comes with installing solar panels in your home or business means that when you decide to sell your property, you will find a buyer more quickly and its value will be much higher.
Solar Panels Provide a Better Return on Your Investment
Investing in solar panels means you can expect anywhere between 12% to 16% return on investment. This mostly comes about through the savings you make on electricity bills. Many average homeowners in Nottingham are finding that their investments in solar power pay up within 6 to 8 years from installation. This is a considerable huge investment and it even rivals the returns of traditional investments such as trading in stocks or bonds. Furthermore, solar panels have a long life cycle, with most lasting between 25 and 50 years depending on the design and quality of the installation.
Solar Panels are Environmentally Friendly and Promote Sustainability
While financial reasons may be one of the main reasons people invest in solar energy, the fact that people can reduce their carbon footprints makes it an even more enticing proposition. Businesses can also demonstrate their commitment to sustainability by utilising green energy. Many people will also invest in solar energy because it is less noisy when compared to other forms of energy such as nuclear or coal. Solar panels also do not release harmful pollutants into the air or water.
Solar Energy can Create jobs and Make Businesses Stay Competitive
The savings made from using cheaper energy can be redirected elsewhere. This is especially beneficial for companies to redirect these funds to other areas to come up with creative business solutions to produce better products and services. In addition, businesses or homes that produce excess solar energy can sell it to the national grid and make money. The fact that the solar energy technology keeps on getting better and better shows that it investing in it is a wise move.