What is the Efficiency of Solar Power?

How Renewable Energy is Affecting the Value of Real Estate

There is no perfect source of renewable energy. Solar power, biofuel, biomass, geothermal, hydropower, tidal power, wave power, and wind power each have minimal drawbacks, but the fact is solar power is the most productive and beneficial in the long term in comparison to other renewable and finite energies. Solar has the advantage of being able to capitalize on unused space, and with minimal maintenance required, it’s a reliable and cost-effective source of energy for homeowners, businesses, farms and utilities.

The effectiveness of solar power is evident based on the following efficient uses and advances of solar energy:

Solar Panels in Urban Areas

Urban areas place solar panels on the rooftops of buildings to catch the sun’s rays. This is advantageous because the small panels are taking up unused space. The efficiency of solar panels are continually tested against the weather and improved. Countries all over the world have only just begun to compete in this market, but as demand grows at a rapid rate, costs for these panels are becoming more cost-efficient by the day.

If you’re looking to sell your home, solar panels boost your property’s value and increase your chances of a quick sale, as buyers these days look for homes with solar paneling already installed. More people are conscious of and motivated to go with renewable energies.

By switching to solar power, you not only have a say in your electricity bill, but you will be unaffected by changes in utility prices, experience fewer blackouts, and reduce your carbon footprint.

Solar Panels for Farms and Agriculture

Unused land in rural areas across the country has been transformed into solar farms that can power about 2,500 homes. The farms contribute to biodiversity by sharing the land they use for their photovoltaic panels with grazing animals; land that would have been otherwise fenced off and denying animals the space they need now allows them access to more plants and insects.

Solar farms also create a stable income for landowners and provide jobs in a viable and expanding market. Many companies are incorporating solar power into their business to demonstrate they care about the future of this planet, and thus choose to invest in it.

Advances in the Industry

Solar panels need almost no maintenance and generate little waste, and the industry is continually growing as innovations are being made. With ongoing research, the aim is to make solar power more cost-effective and available to all.

At Enova, we’re striving to make Alberta solar-powered for a better world, and we want you to join us in our mission!

If you’re interested in having a solar PV system installed on your home or business, consult our services page. Have questions? Our staff members come from a variety of industries, so contact us today for a consultation.

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