Solar energy is being adopted by almost every industry, from railways to aviation and various service sectors. What makes solar energy so special?
This guide is a comprehensive resource that will provide you with all the answers to your burning questions. It will give you all the information necessary to make your solar energy transition easier.
Let’s explore solar energy together!
Part I: Solar Basics
What is Solar?
What is the benefit of solar energy?
A Step-by-Step Guide to Going Solar
What is solar?
Long before the photovoltaic effect was discovered, people associated the sun only with heat and light. In 1839, the physicist Edmond Becquerel discovered the photovoltaic effect. He realized that certain materials generate current when exposed to sunlight.
It was then that the idea of using sunlight to produce electricity was born. Not just a little bit. Scientists have revealed that at any one time, approximately 173,000 tons of solar energy hits the Earth! This is more than 10,000 times the amount of energy consumed by the entire world.
Solar energy is nothing more than converting the light of the sun into usable electricity via the photovoltaic effects. Solar plants are often called PV systems (Photovoltaic Systems).
Solar modules are typically made of silicon. They convert solar rays into electricity by absorbing them.
What are the benefits of going solar?
Solar energy is an investment that pays off. Here’s why.
Electricity bills reduced by up to 80%
Solar power is one of the most affordable electricity sources ever. Reducing electricity costs is one of the most significant benefits of solar. Depending on the size and location of the solar system, you can expect to see a reduction of up to 80% in your electricity bills.
Solar requires an initial investment, but you will recover the capital in 4 to 5 years by reducing your energy costs!
Buffer against tariff hikes
Electricity prices continue to rise. A prime example is the recent increase in Karnataka tariffs of Rs2.89/unit. You can enjoy energy savings over 25 years by installing a solar system. This investment will also act as a cushion against future tariff increases.
Reliable power supply
Grid power is not very reliable in many places. It is often interrupted and fails. Solar power, on the other hand, is more reliable. If you use hybrid or off-grid solar systems, you can still have power even if the grid goes down.
Increased property value
The long-term savings that come with a solar-powered home or business are attractive to buyers. Think of solar power as an investment that you make.
Clean source of energy
Electricity generation is a major source of carbon dioxide emissions. The world has collectively decided to switch to clean energy.
Solar energy is clean and locally available. By switching, you reduce your carbon footprint while also contributing to the global goal of reducing emissions.
Enhanced ESG Ratings of Your Company
People have become more aware of climate change in recent years. They are evaluating companies based on sustainability efforts.
Solar power can help you improve your ESG rating ( Corporate Governance, Environmental and Social Impact ) and increase your company’s attractiveness to investors.