The renewable energy industry is well-past its trial-and-error phase. It now offers many ways to invest in all types of assets. In tropical countries like the Philippines, solar power is abundant. More and more Filipinos are turning to solar power usage because of the benefits it presents. Solar power is natural, sustainable, and requires minimum maintenance.
Corporations are also starting to recognize the potential of solar power to their business. The Robinsons Land Corp recently opened Robinsons Starmills in San Fernando, Pampanga. The establishment was considered as the world’s biggest solar power plant installed on a mall’s rooftop. Before that, Central Mall Biñan became the first solar-powered mall in the country. It has 2,514 solar panels, which cover 30 percent of the mall’s energy needs. SM North EDSA followed soon after with 5,750 solar panels that produce 1.5 megawatts of electricity. In addition to that, SM Mall of Asia also has a solar car park that Al Gore visited last March during his Climate Reality workshop.
Why Go Solar?
Solar power offers many conveniences to its users. May it be economic, environmental or personal; all of these benefits are fueling the Philippines’ increasing usage of solar energy.
Solar energy drastically reduces your electric bills
Electricity costs undeniably make up a large portion of the overall budget for a business and home. With a solar panel system, you will be able to generate free power over your system’s 25-30 year life cycle. Even though you don’t produce all of the energy you consume, your bills will still be much smaller. Either way, you will be saving a decent amount of money.
It protects you against rising energy costs
Energy prices can be unpredictable at times. This makes managing the budget difficult. By making these costs more predictable, solar power systems have the added benefit of improving a home or business owners’ expense management skills.
It will help you earn a great return on your investment
Solar panels are an investment, not an expense. Why? It’s because they pay handsome returns that can rival those of more traditional investments such as stocks or bonds. Substantial savings and the potential to generate revenue result make solar one of the best ways to invest your money.
It can also help increase your property value
Studies have found out that buildings and houses equipped with clean energy systems have higher property values. They also sell twice as fast and at a premium of 3-4% over the other homes in the same neighborhood. Appraisers are already taking solar installation into consideration because they value the establishment at the time of a sale. As appraisers and consumers become more educated about solar power, homes and commercial properties with solar panel systems will be more in demand and may even get higher premium.
Are Solar Panels Worth It?
Installing a solar energy system on your roof is absolutely a good investment. Aside from cutting down on the expenses, solar power is a reliable, safe and eco-friendly choice. The expected useful life of a solar panel system is around 30 years. In addition to that, most systems require little to no maintenance. Switching to solar panel lets you take control of affordable energy rates.