Industry experts are always touting solar as the next big thing and often make claims that it will be bigger than all other forms of energy, quite possibly within our lifetime. While this data is often proven, sceptics wonder just how accurate this information can be. We don’t see solar panels everywhere we go, so exactly how fast is solar energy growing?
New figures by Bloomberg has revealed that the cost savings of solar energy will actually surpass coal and wind energy in the United States at a point in the not too distant future – the year 2021 to be exact. What’s exciting about this is that as solar power begins to be the frontrunner, greenhouse gas emissions will decline for the first time in a long time. While we can’t undo the damage already done to our environment, it’s good to note that we can at least slow it down.
The good news for homeowners is that the cost barrier to get into solar energy will continue to decline as we see the industry becoming more and more popular. Projections into the year 2040 show that the cost of solar power in the United States alone will drop by almost 67%, meaning that what was once a cost prohibitive idea, solar panels will now grace the rooftops of more homeowners than ever before.
Imagine what our world will be like with the extended use of renewable energy sources, and how we can create a better future for our children by reducing our carbon footprint! It’s an exciting time to be in the solar industry – for more information about our products and services, give us a call.
Recent Comments