Over the ages, the need for renewable energy sources has risen. As more people learn about the perks of renewable energy, the demand continues to rise.

Many residents on the grid are considering leaving because renewable energy is greener and cheaper and can help reduce their electricity bill even more than electricity comparison sites.

In this article, we will be taking a close look at what renewable energy is all about and the benefits it offers.

What exactly is renewable energy?

Renewable energy is made up of natural resources that never run out. They include sunlight, biomass, tides, wind, thermal energy, and even rain. Unlike fossil fuel, which will burn out after a while, renewable energy is inexhaustible. 

Renewable energy and fossil fuels are both produced naturally, but they aren’t constantly replaced at the same rate. Fossil fuels like coal are produced naturally at a very slow rate. 

The same cannot be said of renewable energy as it is replaced very quickly.

The dominance of fossil fuel

Over the years, the world has relied on fossil fuel for power and has even gone as far as subsidising it. With the help of electricity comparison companies, anyone can find the best energy deals and benefit from the subsidy.

It is worth noting that the more we benefit from using fossil fuels, the more the environment and climate suffer.

In the last couple of years, there have been many reports of dangerous greenhouse gasses reaching record levels because of the exploitation and conversion of fossil fuels.

Since 2011, things have started to change for the better as renewable energy has become ever-popular. 

In 2020, about 256GW of electricity was generated by renewable energy sources.

Other reports have shown that twenty-one percent of the total electricity generated in Australia came from renewable energy.

The benefits of renewable energy

Little or no damage to the environment

Unlike fossil fuels that release tons of greenhouse gasses, which contribute to global warming, renewable energy is safe. Most renewable sources release little to no emissions. 

This makes them less disruptive to the ecosystem.

Low cost

Even with the help of electricity comparison companies, people still pay thousands of dollars yearly on electricity. 

Geopolitical issues and other factors can make the price of electricity go up constantly.

Since renewable energy is accessible to everyone, no trends in the wider sphere will affect its supply.

Assessable to all

Regardless of where you live, you will be able to benefit from renewable energy. With a good solar panel calculator, a couple of solar panels, an inverter, and a few other components, you will be able to get enough energy to power your appliances.

Can be used in various sectors

Besides powering the appliances in our homes, renewable energy can be used in the transport industry (for industrial cooling and heating processes), Education and non-profit organizations, and manufacturing enterprises.