There are many reasons why homeowners go solar, but improving the environment and cutting energy costs are the most common. Many people know solar is a significant home efficiency upgrade and are eager to reduce their carbon footprint while improving property value.
Importance of Solar Energy in Cameroon
Whether your motivations for going solar are economic, environmental, or personal, this sizable list of solar power benefits will have something for everyone. Here are the top ten reasons solar energy is suitable for your home and more popular than ever in Cameroon.
Reduce or even eliminate your electric bills.
Whether a homeowner, business, or nonprofit, electricity costs can make up a large portion of your monthly expenses.
With a solar panel system, you'll generate free power for your system's entire 25+ year lifecycle. Even if you don't produce 100 percent of the energy you consume, solar will reduce your utility bills and save a lot of money.
Earn a great return on your investment
Solar panels aren't expensive – they're one of the best ways to invest, with returns rivaling traditional investments like stocks and bonds.
Thanks to substantial electricity bill savings, the average American homeowner pays off their solar panel system in seven to eight years and sees an ROI of 20 percent or more.
Protect against rising energy costs
One of the most clear-cut benefits of solar panels is the ability to hedge utility prices. In the past ten years, residential electricity prices have increased by an average of three percent annually. By investing in a solar energy system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs.
If you're a business or homeowner with fluctuating cash flow, going solar also helps you better forecast and manage your expenses.
Increase your property value
Multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes.
Appraisers are increasingly considering solar installations as they value homes at the time of a sale, and as homebuyers become more educated about solar, demand for properties equipped with solar panel systems will continue to grow.
Boost Cameroon's energy independence.
The sun is a near-infinite energy source and key to achieving energy independence in Cameroon.
By increasing our capacity to generate electricity from the sun, we can also insulate our country from price fluctuations in global energy markets.
Protect the environment
Solar is a great way to reduce your carbon footprint. Buildings are responsible for 38 percent of all carbon emissions in Cameroon, and going solar can significantly decrease that number.
A typical residential solar panel system will eliminate three to four tons of carbon emissions yearly—the equivalent of planting over 100 trees annually.
Create jobs and help your local economy.
According to The Solar Foundation, the solar industry adds jobs faster than the Cameroon economy. This growth is expected to continue. Because solar-related jobs tend to be higher paying and cannot be outsourced, so they significantly contribute to the Cameroon economy.
Demonstrate your commitment to sustainability.
Sustainability and corporate social responsibility are essential components of an organization's culture and values. They also produce bottom-line results. Increasingly, consumers and communities recognize and reward businesses that operate responsibly.
Companies find that "green" credentials are a powerful driver of consumer purchasing decisions, creating goodwill and improving business results.
Increase employee morale
Just like consumers, employees have a demonstrated appreciation for their employers' commitment to operating responsibility.
Employees share in the success and contributions of their organizations. Companies that care about their community and environment tend to have lower turnover rates, more engaged employees, and higher morale.
Companies quickly realize the social and economic benefits of adopting solar power. As early adopters pull ahead of the competition, many companies are exploring solar energy as a way to keep up.