5 Reasons Why Solar Energy is a Sound Investment

According to a report from a Berlin-based think tank, Canadians must cut their carbon footprint by 95% by the year of 2050. Canadians are amongst the world’s worst carbon emitters, with the worst per-capita recorded by far. Consuming meat, using fossil fuel powered vehicles, air travel, and living in large houses with high energy consumption are lifestyle choices that contribute to large carbon footprints. Fossil fuels are by far the largest contributor to climate change, accounting for 90% of carbon dioxide emissions. Globally, we must discover a more sustainable lifestyle, and we can do so through the power of solar.

  1. 1. AN ESSENTIAL SOLUTION

    2. In just one year, we saw a 25.9% growth in solar energy installations in 2022. Unlike traditional energy methods such as oil and gas, solar power presents a clean alternative to powering the globe. The production of solar energy systems yield greenhouse gas emissions that are 25-100 times less than fracked gas. A solar power system’s energy return on investment is so high, that over the span of its lifetime it will provide up to 10 times more energy than is needed to make it. Globally we are seeing a production increase of solar PV energy, concentrated mainly in China, Europe, and North America.

  2. 2. TAX INCENTIVES AND REBATES

    3. Canadian governments recognize the benefit of solar energy as an opportunity to grow Canada’s domestic green supply chain and create new jobs. The government is becoming increasingly supportive of the integration of solar power into homes and communities. With the support of grants, interest free loans, and smart renewable programs, it's as easy as ever for Canadians to invest in solar for their homes. Furthermore, the addition of solar increases property values resulting in a well worth it investment.

  3. 3. REDUCTION OF GREENHOUSE GAS EMISSIONS

    4. Solar energy provides a clean alternative to fossil fuels that works effectively while protecting its surrounding environment. The average Canadian household produces 14,020 pounds of carbon dioxide emissions per year, equivalent to 943 kWh per month. To power a typical Canadian household with solar power, only 5-10 kW are required. It’s crucial to offset these carbon footprints to reach a net zero planet.

  4. 4. COST-SAVING

    5. Although solar energy may seem like a heavy initial investment, homeowners save big on their energy bills in the long run. Less power is pulled from the grid when sunlight is converted to solar power, allowing homeowners to become energy dependent. Today's solar panels have a lifetime of upwards of 25 years , with some maintenance costs required, the addition of solar power to homes generates savings for more than two decades.

  5. 5. INVEST IN THE CHANGE

    6. At Solaires we are pioneering innovative solutions to combat climate change. Our most recent solution being PV Modules , designed for integration of IoT devices, small consumer electronics, and smart gadgets. Imagine a wireless world where you didn’t have to plug your device in to recharge it! Here at Solaires we are recycling indoor and outdoor light, presenting a sustainable alternative to battery and wire based devices.

Burning fossil fuels to generate electricity, heat, and transportation are amongst the biggest C02 emitters on the planet. It is crucial to find a new and greener way to power those services, without harming the environment. Globally, our world relies on the energy we produce, and sunlight is a free source of energy which can be captured through solar panels, with the ability to generate enough electricity to power our household appliances, devices, and more. However, solar panels are limited due to the complexity of their supply chain, land requirements, and their heavy and bulky nature. At Solaires, we are generating electricity from any source, not just sunlight. With a new generation of photovoltaic modules we are able to generate electricity from electric light, meaning these new modules can even harvest energy from indoor light sources. The photovoltaic market is expansive, presenting a $768 billion dollar market.

It’s important to recognize the opportunities for solar energy within Canada, and to invest in a cleaner future. The change to solar energy will not happen overnight, nor is the capacity there yet to power the globe solely with solar. However, the integration of solar as a primary energy source is crucial in order to reduce our emissions nationwide. Provinces such as British Columbia, Alberta, and Ontario are paving the way for solar energy across Canada. The economy, country, and population reap the benefits of solar energy. Contribute to a cleaner future by investing in solar.