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Wednesday, February 21, 2024
CEOWORLD magazine - Latest - CEO Advisory - Six Reasons to Get Invested in the Switch to Solar

CEO Advisory

Six Reasons to Get Invested in the Switch to Solar

Dr. Denis Phares

Over the past decade, we have seen a dramatic rise in energy costs across the United States. As a result, we have seen an uptick in the number of people turning to solar energy for their homes.

Now more than ever, more people are seeing the benefits of turning to solar energy for their homes and places of business. There are several reasons you should invest in the switch to solar.

Solar Panels Have a Long Lifespan

Solar panels are constructed to last. Most manufacturers offer warranties of 20 to 25 years, and some panel types can last even longer. This means that once you’ve made the initial investment in solar, you won’t have to worry about replacing your panels for two decades or more.

Many experts find that solar power can generate electricity for homes or businesses for at least 40 years with proper maintenance.

Solar Panels Increase the Value of Your Home

Not only does turning to solar energy help you save money when it comes to your electric bill, but it also helps to increase the value of your home. An analysis by Zillow found that homes with rooftop solar sell for an average of 4.1% more than comparable non-solar homes. And, in markets where solar is particularly popular, such as New York, homes with solar can sell for up to 5.4% more than non-solar homes.

If you’re considering putting your home on the market, installing solar panels can help increase its value. Buyers are increasingly interested in homes with green features, and solar panels will make your home more attractive to potential buyers.

Solar is a Hedge Against Rising Energy Prices

Over the past decade, the cost of energy has risen steadily, and there’s no reason to believe the trend will stop anytime soon. As utility costs continue to rise, solar panels provide a way to hedge against these increasing prices.

By generating your own electricity, you can insulate yourself from future price increases and save money in the long run. Solar energy is considered to be a renewable resource that is not subject to the same price fluctuations as fossil fuels. Once a solar system is installed, the owner can reap the benefits of free, clean energy for years to come.

There are Great Financing Options Available

Thanks to advances in technology and manufacturing, solar panels are becoming more affordable for consumers and businesses alike. In some cases, government incentives are available to further offset the cost of going solar. Several great financing options are also available for home or business owners interested in going solar.

Several excellent financing options are available for solar panels, even industrial solar panels, making them a great option for those looking to invest in the switch to solar. Solar panels can be financed through traditional loans, leasing arrangements, or power purchase agreements.

Traditional loans are an excellent option for those who want to own their solar panels outright. Leasing arrangements and power purchase agreements are ideal for those who want to lower their upfront costs and pay for their solar panels over time.

No matter which financing option you choose, solar panels are a wise investment that will save you money when it comes to your energy bills and help you do your part to reduce your carbon footprint.

Solar Energy is Renewable

Solar energy can be replenished or replaced naturally. Unlike fossil fuels, which are finite and take millions of years to form, solar energy is constantly being renewing itself. Solar energy comes from the sun, a never-ending energy source.

Solar panels function by converting natural sunlight into electricity. This can be used to power businesses and homes. Solar energy is also environmentally friendly, not producing emissions or pollutants.

Solar Energy is More Friendly for the Environment

Solar energy is more environmentally friendly than other forms of energy, making it a smart choice for those who are looking to reduce their carbon footprint.

Solar energy is more environmentally friendly for a number of reasons. First, it does not produce greenhouse gases or other harmful emissions. Second, solar panels can be recycled and reused, making them a more sustainable option than other energy sources. Finally, solar energy is useful for powering homes and businesses, which can help to reduce our reliance on fossil fuels.

If you’re considering making the switch to solar energy, now is a great time to do it. Solar energy is becoming increasingly affordable and easy to access, and it’s a clean and renewable source of energy that is beneficial when it comes to reducing your carbon footprint. With so many benefits, there’s no reason not to give industrial solar panels a try.


Written by Dr. Denis Phares.
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CEOWORLD magazine - Latest - CEO Advisory - Six Reasons to Get Invested in the Switch to Solar
Dr. Denis Phares
Dr. Denis Phares is the chief executive officer of Dragonfly Energy Corp. He leads the company's innovation and research initiatives, focusing on developing and advancing Dragonfly's revolutionary technology. Dragonfly Energy is an industry-leading manufacturer of deep-cycle lithium-ion batteries and is spearheading conventional and solid-state lithium-ion battery research and development worldwide.


Dr. Denis Phares is an opinion columnist for the CEOWORLD magazine. Connect with him through LinkedIn.