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What were the financial and environmental advantages of solar power for Phil?

Synopsis

In this day and age, solar energy is becoming increasingly popular and for good reason. It is a cost-effective investment that can bring in returns of around 10% to 15%, much higher than the interest rates offered by banks. Not only is it financially beneficial, but by choosing solar energy, you are also contributing to a cleaner and healthier environment. This decision will not only impact your own life but also the lives of the future generations, such as your children and grandchildren.

By choosing to invest in solar energy, you are doing your part in reducing your carbon footprint and preserving the environment for the future. The cost-effectiveness of solar energy is a great incentive for many people to make the switch. Not only have the benefits of solar energy been recognised by this individual, but they have also encouraged their friends to switch and have all benefited from the investment. It is a decision that is worth considering for anyone who wants to make a positive impact on their finances and the environment at the same time.

Video Transcript

I think people in this area, not only in this area, but everywhere, should choose to buy solar. It's much cheaper putting solar on your roof than having money in the bank or buying investments in fact. Because the solar is an investment, and it returns a very good return income, probably about between 10% and 15% on the money you spend. So whether you borrow the money or invest the money of your own, it's a great return. And you're also doing good things for the environment. That was the secondary point that I wanted.

Not for me so much as my children, my grandchildren. I'm close to the end possibly, but they're starting. And we do need to look at the environment. So that did form a major part as well. But cost was one thing which really got me started on it. I don't regret putting these on the roof one bit. And I think I've got five friends who I've encouraged to put it on, and every one of them have been positive about the results. So yeah, I think it's very good.