The Nigerian solar market is on the fast rise. Never before has solar power been this available to Nigerian households and offices. Wondering why the reasons for the hype of going solar these days? Here are Vanpeux enlightening top 10 benefits of going solar.
1. Save Millions of Naira
According to recent research, adding solar panels to your home can bring in monthly savings of well above ₦25,000 in many parts of the country. It cuts off the spending on fuel for the generator and power bill. Extend this to two decades, less than the length of a typical solar panel warranty, and this translates to over ₦6000000. Quite revealing isn’t it?
2. Enhance Your Home Value
Installing solar panels in your home translates into lower electricity costs. This applies more to real estate brokers. Solar panels will increase a home`s attractiveness on the market. A study conducted by National Renewable Energy Laboratory (NREL) concluded that homes with solar panels sell 20% faster and for 17% more money.
3. Top Notch Performance
Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years. The real lifespan of solar panels is much longer – your solar panels will likely generate a good amount of electricity 30-40 years down the line.
4. Solar is a Secure Investment
We will get there anyway but at present, Power Holding Company Nigerian (PHCN) is still very notorious for their fluctuating and unreliable electricity supply and pricing. Also, fuel scarcity and hike is still a common occurrence in Nigeria but with solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price and stability for at least the next 20 years (fixed energy costs).
5. Create Energy Independence
Be proactive in securing your energy independence because that is the global direction. In 2012, the U.S. relied on net imports for about 40% of the petroleum (crude oil and petroleum products). The percentage is doubtlessly less five years later. Little wonder the drop in global oil price and one of the reasons for Nigeria’s present economic reality. This shows that Solar Energy cannot be ignored.
We don’t want to hear this but we will inevitably run out of oil, coal and natural gas. While we continue our consumption of these increasingly expensive and dangerous energy source, keep in mind that solar is one step in the right direction.
6. Save the Environment!
Apparently majority of homeowners and organizations choose to go solar because it makes good sense from a financial point of view, but that notwithstanding, environmental benefits are also clearly worth mentioning.
You can go a long way in lowering your carbon footprint by replacing utility power with clean electricity from solar panels.
The average residential solar system offsets about 100,000 lbs. of carbon dioxide in 20 years – the equivalent of driving a car for 100,000 miles.
7. Solar is Easy!
Shopping for solar used to be a long and complicated process. There are hundreds of solar companies in Nigeria and bsolar, a leader in Nigeria solar market has made it easy for you to find the best solar deal. To go solar has never before been easier. Our team of independent solar consultants will help you sort through your options.
To see how much you can save, and for all other solar questions, request a free consultation. There’s no obligation.