What’s the best renewable energy source?
That depends on whom you ask. Some would say hydropower. After all, it’s the biggest source of renewable energy, but it’s not without drawbacks.
For example, large dams can displace residents, harm wildlife, and disrupt essential ecosystems. Others would vote for wind, but turbines present a danger to birds and bats. Then there’s biomass, but there are concerns about deforestation and how expensive the process is.
Meanwhile, geothermal has massive potential, but it’s location-specific and can trigger earthquakes. Last would be solar, which is increasingly becoming more affordable. That’s because of technological advances, incentives, and financing options available.
Now, if you’re leaning towards solar and wondering what its advantages are, read on. We’ll also talk about the benefits of the various renewable energy sources in general and why a green shift is needed for the future.
Saving Money With Solar Power
If your answer to, “What is the best renewable energy source?” is “the one that saves me the most money,” it might seem like solar wouldn’t be your best bet.
You see, solar panels are expensive, but it’s an investment that will pay off the longer you use your solar power system. After 7 to 8 years, the panels will pay for themselves. Plus, given the average lifespan of residential solar, your savings on your energy bills could be anywhere between $10,000 and $30,000.
Of course, your return on investment could be higher or lower. It all depends on financial incentives, average electricity usage, and even your installer of choice. For more information, you can check out this website.
Worth It: The Benefits of Renewable Energy Sources
Answering “What is renewable energy?” is an obvious clue to one of its advantages. Renewable means that that energy source is naturally replenishing. Compare that to non-renewable sources such as coal, fuel, etc., which once used up will be gone forever.
Renewable energy sources also help consumers save money by covering a significant part of their energy needs. They’re also a good hedge against inflation.
Since fuel and other non-renewable sources are limited in supply, fluctuations in prices can happen suddenly. Homeowners and commercial property owners don’t have to worry about those since they have a backup energy source. For businesses, in particular, going green can be financially rewarding.
First, they can sell excess energy back to the grid. Companies could also qualify for federal, state, and local government incentives, including grants and tax rebates. Besides green incentives, it’s also worth noting that making the switch to cleaner energy options is more appealing to investors and customers.
Are You Ready to Invest in the Best Renewable Energy Source?
While only you have the final say on the best renewable energy source for your needs, the advantages of solar, wind, hydropower, etc., are clear.
You’ll save money, and you’ll help the environment, too.
If you wish to learn more about solar energy and other renewable energy sources, be sure to check our other posts. We also cover business, entertainment, sports, tech, and more, so be sure to check back to discover tons of exciting content.
