• Economic benefits: Sunlight is free, abundant, and dependable. Unlike power from the utility company, solar energy is not subject to rate hikes. PV systems also allow for energy storage that can be used when needed (such as during a power outage) if installed with a battery backup. As far as the savings of installing a PV System, the payback on a loan will be significantly less than your current electric bill.
  • Environmental Benefits: Solar energy is clean energy: no CO 2 emissions and no cleanup. Because solar energy is renewable, it can help slow down global warming and its negative effects.