Lyla Technologies

Top 8 Benefits of Going Solar

Nigeria, the most populous country in Africa, has the second-largest off-grid energy market in the world, trailing only behind India. According to the International Energy Agency, around 77 million Nigerians are either underserved by or completely lack access to, the national electricity grid. Yet, Nigerians are still not tapping into the potentials solar energy offers as an alternative source of power which is reliable, efficient and readily available. The purpose of this report is to present the top benefits in which solar power can cause a positive impact on the lives of those unelectrified communities and individuals in Nigeria. Without further ado, here are Lyla Green Solutions' top 8 benefits of going solar:

1. Save Thousands of Naira
Nigeria’s unreliable electricity costs it's economy $29 billion a year. Also, Nigeria spends an estimated $14 billion a year on small-scale generators—solar power would save billions

2. Start Saving from Day 1
Solar purchase power agreements (PPAs) and solar leasing have made it possible for homeowners to go solar for little or no money down.
Many homeowners choose to finance their solar panels with one of the “pay-as-you-go” financing options. This means that a third-party company – the solar provider – owns the solar system and takes care of installation, maintenance, monitoring and repairs. You simply pay the solar provider for electricity – less than you would`ve paid the utility company.

3. Increase Your Home Value
Buying a home with solar panels translates into lower electricity costs. Solar panels will increase a home`s attractiveness on the market, similarly to homes with low property taxes, homes in school districts and homes with good Home Energy Ratings (a measurement of energy efficiency).
A study conducted by National Renewable Energy Laboratory (NREL) concluded that homes with solar panels sell 20% faster and for 17% more money.

4. Solar is a Secure Investment
The utility companies are notorious for their fluctuating and unreliable electricity prices. Also, the cost of maintaining a generator is also alarming as its age. There is an upward trend.
With solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price, for at least the next 20 years (fixed energy costs).

5. Guaranteed Performance
Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years.

6. Save the Environment
We know that the majority of homeowners choose to go solar because it makes good sense from a financial point of view. That being said, the environmental benefits are also clearly worth mentioning.
The U.S. places second in the world in annual carbon dioxide emissions at 17.9%, right behind China. You can go a long way in lowering your carbon footprint by replacing utility power with clean electricity from solar panels. This, in turn, eliminates health risks that may arise from CO2 emissions and also saves the planet from global warming which is on the rise.
The average residential solar system offsets about 100,000 lbs. of carbon dioxide in 20 years – the equivalent of driving a car for 100,000 miles.

7. Create Energy Independence
You can help to reduce Nigeria dependence on fossil fuel. We will inevitably run out of oil, coal and natural gas which are the energy used in generating power in non-renewable power stations. While we continue our consumption of these increasingly expensive and dangerous energy sources, our national security and economy suffer.
Solar is one step in the right direction.

8. Solar is Easy
Shopping for solar used to be a long and complicated process. There are hundreds of solar companies in Nigeria alone. It would take you weeks to find the best solar deal. Luckily things have changed.
To go solar has never before been easier. Our team of independent solar consultants will help you sort through your options. To see how much you can save, and for all other solar questions, request a free consultation. There’s no obligation.

10 Facts About Solar Energy That Might Surprise You

1. Solar power is the most abundant energy source on Earth
2. One hour of sunlight equals one year`s worth of energy for the entire earth
3. Solar is now the cheapest and most abundant energy source in the world
4. Solar Energy is cheaper than fossil fuels
5. Solar power plants can last 40 years or more
6. Solar is the fastest energy source to deploy
7. A solar-powered home can reduce CO2 emissions by 100 tons within 30 years
8. Investing in solar energy can pay for itself
9. installing solar can be a community effort
10. Solar energy can provide power 24 hours a day, 7 days a week