2 min read
Why Going Solar Is A Good Investment
Unveiling the Solar Investment Advantage: Savings, Sustainability, and Security
Chibunna Ogbonna
Co Founder & CEO
Kiru Energy

Are you considering the switch to solar energy? Many people are discovering that going solar is not just an eco-friendly choice but also a savvy financial investment. In this article, we'll explore why making the transition to solar power is a wise decision for your wallet and the environment.


Understanding a Good Investment



Before we delve into the benefits of solar energy as an investment, it's essential to define what constitutes a "good" investment. According to GOBankingRates.com, a good investment should deliver a high return while aligning with an individual's risk tolerance and financial objectives. Keep this definition in mind as we discuss solar energy's merits.


Unlimited Sunshine Power



Solar energy harnesses the power of the sun to generate electricity. This energy can be used to fuel your home or business, reducing your dependence on conventional energy sources. What's remarkable about solar power is its abundance – as long as the sun rises, you have a consistent and free source of energy. Moreover, solar systems operate quietly and produce no harmful emissions, contributing to a healthier living environment.


Financial Savings with Solar



One of the most compelling reasons to go solar is the potential for substantial financial savings. Let's illustrate this with a real-life example: Meet Bayo, who used to spend $70 per month on petrol and diesel to run his internal combustion engine (ICE) generator. Over a year, this amounted to $900. Factor in the cost of generator maintenance, noise pollution, and the health risks associated with generator use, and Bayo decided it was time for a change.

Bayo invested approximately $1400 in a 2.5Kva solar home system, complete with warranties and after-sales support. In less than 18 months, he not only recovered his investment but also enjoyed interest on his savings. Considering that a quality solar system can last 15 to 25 years when professionally installed, Bayo could potentially save over $18,000 during the system's lifespan. Not to mention the added benefits of reliable power, clean air, a serene environment, and minimal maintenance costs.


High ROI and Increased Property Value



In summary, going solar is a good investment because it ensures a high return on investment through compounded savings over the life of the solar installation. Additionally, you'll relish reliable, noiseless, and eco-friendly energy supply for sustainable living and business operations. Going solar can also boost property value, making it an attractive proposition for real estate developers and investors seeking a high return on their investments. Plus, it contributes to a healthier planet by reducing air pollution, fire hazards, and carbon emissions, protecting both humans and the environment.


So, what are you waiting for? Make a smart decision today and go solar! Reach out to our solar professionals to embark on your solar investment journey.