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What are the benefits of solar energy power systems?

Looking at the big picture, the energy market is gradually evolving into a more decentralized system where each consumer will be able to generate the energy they need. Solar energy power systems allow individuals and communities to achieve energy independence, which is made possible by:

  • New, cheaper technology for renewable energy
  • Digital management tools that enable users to interact with a more flexible energy grid
  • Advanced storage systems

More specifically, solar energy offers three main benefits.

 

First of all, you can reduce your energy bills right away by buying less power from the national grid. Clearly, your energy savings will increase in proportion to the amount your can reduce your consumption of fossil fuels. In other words, solar power generation combined with electrification delivers optimal savings. The investment cost for solar panels for home or business is easy to calculate and it will pay for itself in the long term through lower energy costs, especially if you can take advantage of a government incentive program. A related solar energy benefit is that it helps protect your home or business budgets from hard-to-predict power price fluctuations.

Distributed Energy and Infrastructure

Distributed Energy and Infrastructure

Save money and improve the site’s resiliency by generating sustainable power locally

It’s easy to figure out how much you can save on rising energy costs right now: trying to estimate energy prices in 10 years’ time is a different matter. Solar energy reduces potential increases in electricity bills by locking in a price.

 

Lastly, solar power enables you to reduce your carbon footprint at a time when sustainability is becoming an increasingly important priority, especially for businesses and governments. And solar energy’s benefit to the environment contributes to the future health of our planet.

How do solar panels produce and store energy?

Battery Energy Storage Solutions

Battery Energy Storage Solutions

Integrated solutions to save energy and boost your business

Solar technology absorbs sunlight and converts it into electricity through photovoltaic (PV) panels. These can be anything from small panels mounted onto a balcony, or large solar “arrays” of connected panels. The electricity generated by solar energy must be converted by an inverter from DC into the AC current needed to power your home, office or business. Increasingly, homes and businesses use a monitoring system that enables them to manage energy production and consumption. The solar-produced electricity can be consumed immediately, stored in batteries for later use, or sold back into the electricity grid. This flexibility is what makes solar power one of the best ways to reduce energy bills. Energy storage systems like lithium-ion batteries are therefore key to delivering the solar energy advantage. Batteries enable you to store excess energy when prices are low, and then consume it during peak hours when the cost of power is higher, or also at night or on a rainy day. 

Can solar energy lead to more energy self-sufficient solutions?

Families, businesses, cities and public administrations can all benefit in different ways from various and efficient solutions of solar energy, as described above. Here’s a closer look at how. Moreover, when photovoltaic panels are combined with battery energy storage systems, the efficiency of photovoltaic panels can be further improved and guarantee a continuous energy supply whether or not the sun is shining.

For my home

Solar panels for your home are one of the best ways to reduce energy bills. Solar power has been around for decades, and has a strong track record as a reliable and efficient energy source. In recent years, solar panels have become more efficient at energy generation, and can even produce electricity with little sunlight. Moreover, the cost of installing and running a solar energy system for your home has plummeted. An even greater increase in savings can result when solar power is combined with an over-all electrification of your home beyond just lighting and appliances, replacing fossil fuels for purposes such as heating.
Smart home

e-Home Solutions

Enabling smarter, better living through cutting-edge technology

In many countries, government incentives can further reduce the necessary up-front investment, delivering solar energy benefits like lower energy bills and energy self-sufficiency that pay for themselves over time. Some panels are small enough to fit on a balcony, while large solar panels on the roof or outside of your home can generate enough power for the entire household around the clock. Last but not least, as energy prices continue to rise and environmental regulations and sustainability targets play an increasingly important role in the economy, a solar energy system is likely to add to the value of your home.
Business Solutions

e-Industries Solutions

Enabling sustainable progress, together

For my business

The energy industry is experiencing a major transformation, driven by new technology, climate change, soaring energy prices, and possible fluctuations in supply. Fortunately, this transformation offers opportunities for businesses to manage their energy needs in new ways, often involving a switch to renewable energy sources like solar power. Solar power systems can help your business achieve energy independence, delivering benefits like:

  • Lower costs
  • Energy resilience
  • Reaching sustainability targets

Especially when combined with battery energy storage systems, solar power can be part of an electrification plan to reduce your company’s dependence on fossil fuels like oil and gas, which create carbon emissions, suffer from price spikes, and may become a less reliable source of energy in the future.

Your business can reap the benefits of solar energy with tailor-made solutions installed on your site or in your office, while harnessing Energy Management (EM) solutions allowing for the collection, comparison and analysis of real-time data from your solar energy system.

Moreover, when combined with a Demand Response program, solar energy plus a battery storage unit enables large energy consumers to receive payment in exchange for agreeing to reduce their energy demand during times of electricity grid stress.

Smart City

e-City Solutions

Empowering the smart city revolution, for people and the environment

For municipalities

By 2050, nearly 7 in 10 of the world’s population will live in cities, according to estimates by the World Bank. It’s clear that the crowded cities of tomorrow must increasingly rely on clean, abundant and affordable energy sources like solar power. City administrations and communities around the world are gradually adopting customized renewable energy solutions such as solar power for needs ranging from lighting to infrastructure, from transportation to urban design. Solar energy installed by municipalities in public buildings and offices can reduce energy bills and protect them against future price fluctuations.
As for businesses, when combined with advanced monitoring software and storage systems, municipalities can optimize their electricity use and avoid paying more at peak times. By using a Distributed Energy Resources Optimization System software, municipalities can precisely manage their solar power generation, usage and storage at multiple facilities. This leads to savings and profits generated by the combination of numerous applications.

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