Investing in solar panels requires careful consideration due to their initial cost; thus, it is important to take the decision seriously. However, the potential benefits of solar panel installations on household economies and the environment should not be overlooked. In this article, we listed some of these benefits, helping you determine why investing in solar panels would be a sensible choice for you.
Read the following seven reasons to discover why people like you have decided to go solar – and find a special offer in the end if you decide to do that too!
1. Solar panels save money
This is a somewhat obvious benefit of solar panels and a primary reason why households are investing in solar panels. Solar panels offer lower electricity bills and long-term financial savings, especially when you take the effect of transmission fees into account.
For instance, SolarPower Europe has reported that European households with solar panels and heat pumps saved between 62% and 84% in 2022 on their energy bills compared to homes without their own solar power and using natural gas for heating. That’s pretty impressive!
2. Solar panels generate 100% clean energy
Solar energy is clean and sustainable since sunlight is an abundant and renewable energy source. By investing in solar panels, you will help the whole electricity grid by reducing the need to generate electricity with fossil fuels and other non-renewable sources. This will contribute to a greener future.
The effect on households in generating clean solar energy is massive. According to the news media outlet YLE, Finland for example has approximately 600 megawatts of solar electricity capacity, and about 75–80 percent of that is on the roofs of private homes and housing associations.
3. Solar panels provide energy independence
The need for energy is growing, and we have also seen that it can exceed the capacity of the current grid infrastructure. In this case, your own solar energy can provide you with energy independence and security.
Producing one’s own solar energy can be particularly advantageous in remote areas with limited grid infrastructure. For instance, if your property is not connected to a local electricity grid, you can install an off-grid solar system to provide your home with the electricity it needs. An off-grid solar system generates and stores electricity from solar panels, allowing it to operate independently from the power grid.
4. Solar panels increase property value
Solar panels can have a positive impact on the value of your home. Solar installations are getting increasingly desirable for potential buyers because they offer long-term energy savings and environmental benefits.
Because of the increasing energy need mentioned above, solar panels offer a reliable solution that helps take the strain out of the grid. This is an appealing feature for buyers seeking sustainable and cost-effective solutions.
5. Solar panels are a long-term investment
Solar panels have a long lifespan, typically 25-30 years or more. When properly maintained, they can continue to generate electricity for decades. Many solar panel manufacturers also offer extended warranty periods to solar inverters that back their long lifespan. A solar panel’s performance warranty typically guarantees 90% production at ten years and 80% at 25 years.
Solar inverter manufacturers also provide long warranty periods. For example, SMA gives a warranty of 5 years, and Hoymiles has a standard warranty of 12 years, which can extend up to 25 years. Installing solar panels is therefore a long-term investment that can provide energy and financial benefits for many years!
6. Solar panels are getting more affordable
Even though there is no denying that the acquisition of solar panels is a significant investment, they are getting more affordable.
According to the Solar Energy Industries Association, the average price of residential solar panels dropped by about 70% between 2010 and 2020. This was due to, for example, improvements in manufacturing processes, economies of scale, and increased competition. Many governments and local authorities also offer incentives and tax credits to promote solar energy adoption. These incentives can significantly offset the initial installation costs, making solar panels more affordable for households.
7. The sun shines everywhere – even in the Nordics!
People, especially in the Nordics, might feel like solar panels would be useless as the sun is nowhere to be seen during the long and dark winters. However, a standard 10kWp solar system would generate around 8,500kWh of electricity yearly, even in Finland.
For clarity, the total consumption of an average household is about 5,000 kilowatt hours per year when a home is not heated by electricity. A family of four living in an electrically heated detached house consumes approximately 19,000 kWh a year. Solar panels can therefore provide most of the electricity at your home even if it’s located in the North.
Interested in learning more about solar panels or even acquiring them?
As you can see, the economic advantages of solar panels extend beyond lower electricity bills. By embracing solar energy, households can achieve immediate and sustainable financial benefits while actively transitioning toward a cleaner and more sustainable energy future.
We at Synergi want to help you in this journey, and have thus partnered up with Atum, one of the leading solar companies in Finland. They have a great offering and good prices, and you can even get a discount if you mention that you came through Synergi 😉
The best thing about the partnership? You can connect your new solar panels directly to the Synergi platform and use your free, emission-free electricity in an optimal way to power your home.