CentOS Web Panel (often referred to as CWP) is a free web hosting control panel designed for rapid and easy management of (Dedicated & VPS) servers without the need to use the SSH console for every little thing. It provides a significant number of features and benefits, especially for those who wish to manage their server in a user-friendly manner without delving too deep into the command line.

Here are some reasons why CentOS Web Panel can be considered a great hosting solution:

1. Free of Cost: Unlike some other control panels, CWP is free. This makes it an appealing option for those who are on a tight budget.
2. User-Friendly Interface: CWP offers a graphical interface that simplifies many tasks which otherwise require command-line knowledge.
3. Comprehensive Features: It provides a multitude of functionalities like PHP selector, Email, DNS, file manager, SQL servers, and much more.
4. Integrated Security Features: CWP has an in-built CSF firewall, real-time monitoring of server logs, and other security tweaks.
5. Auto-Fixer: This feature checks the configuration and automatically corrects errors which can be really helpful especially for beginners.
6. Support for Multiple PHP Versions: You can easily select between different PHP versions, which is quite beneficial for websites that run on older versions of PHP.
7. Web Server Options: It offers the flexibility to choose between Apache, Nginx, and Varnish which can be set up as per the specific needs of your websites.
8. Migration Tools: It has tools to migrate data from other control panels like cPanel.
9. Active Community: While it might not be as large as some of the more established control panels, the CWP community is quite active, offering help and guidance.

However, there are also some things to consider:

1. Learning Curve: While CWP is designed to be user-friendly, there might be a learning curve especially for those who are accustomed to more popular control panels like cPanel or Plesk.
2. Commercial Support: Since it’s a free panel, the commercial support might not be as comprehensive as some paid options.
3. Compatibility and Bugs: As with any software, there might be bugs or compatibility issues, especially with newer technologies or systems.

In conclusion, if you’re looking for a cost-effective solution to manage your server, CentOS Web Panel can be a great choice. However, always evaluate your individual needs, and if possible, test the panel in a sandboxed environment before deploying it in a production scenario.