
Pay Now, Save Later
Costing energy projects can be a bit of a challenge, but with solar, costing is quite simple. A typical energy project such as coal or nuclear will cost out building, maintenance and the fuel costs that will need to be used to generate the power to the grid. The issue with these energy projects is that prices for fuel and maintenance are not predictable ten to twenty years down the line, and although there are experts and standards, it is hard to predict something that goes critically wrong with a power generation site.
Storage is the Key
When it comes to green energy, many skeptics point out the classic misconception that a solar project cannot power home on a cloudy day. When it comes to showcasing how solar power investment can lead to significant savings, it all comes down to storage. The ability for a solar project to store the energy that it produces is an essential part of any successful project. Whether the project uses larger batteries or a microgrid, the ability for a project to store excess energy will allow for big savings in the future.
Environmental Benefits
Simply put, there is a reason that so many are looking at renewable energy options to power the next generation. Whether you are a developer who takes advantage of the various tax breaks and cost subsidies that exist within the solar industry or someone who is looking for a cleaner energy option, solar energy pays both short-term and long-term. With dropping production costs, substantial subsidiaries and appetizing borrowing rates, the icing on the cake is the fact that solar power will benefit the environment.