Sultanate of Oman, among other countries in the Arabian region, is blessed with abundant sunlight. If harnessed, this bountiful resource can provide a virtually unlimited supply of clean, emission-free, sustainable and cost-competitive electricity. Further, with the cost of solar-powered electricity supply coming down every year in the Middle East, more and more people are switching to this renewable energy source, particularly as government subsidies on conventional fossil fuel-based power supply are reduced or withdrawn. Following are some of the tangible benefits accruing to customers adopting solar energy as an alternative to conventional supply:
Financial Savings
Customers can expect lower monthly utility bills immediately upon installation of their solar systems. Depending upon their consumption trends, and other factors, they can also expect to recoup their initial investment within a certain number of years. Solar-powered electricity output, and the resulting financial returns, will however depend on the following factors:
- • Monthly electricity consumption
- • Capacity of solar energy system
- • Number of hours of direct sunlight per day
- • Size and angle of roof on which solar system is installed
- • Local electricity tariffs
In essence, a solar module installed on your rooftop or elsewhere on your premises represents an opportunity for you to curtail your monthly utility bills while making a low-risk, long-term investment in a clean and renewable energy source.
Premium value addition
By installing a solar module on your rooftop, the overall value of your residential building goes up several notches. After all, a fully functional electricity generating solar module represents a significant value addition to your home. In places where electrical power is not cheap, solar panels can dramatically bring down your monthly electricity bills.
Environmental
Financial benefits apart, solar installations also symbolize a commitment to environmental conservation and climate action. With every kilowatt-hour (kWh) of electricity generated by a solar powered system, a sizable amount of greenhouse gas (GHG) emissions associated with fossil fuel based generation will be curbed. GHG emissions such as CO2 are principally responsible for global warming and climate change. Other dangerous pollutants such as sulphur oxides, nitrogen oxides and particulate matter contribute to air pollution levels that may result in respiratory problems and health challenges for people.