There is no doubt that many people are making the switch to solar energy. But how many people will continue to hop on this trend? How fast will it continue to spread?
As of today, it isn’t unusual to see homes with panels on their roof anymore. In fact, we see it more often than not in certain areas around the world! While it used to just be clean energy enthusiasts who installed solar panels to their homes, we have seen a switch to more people installing panels as a form of investment.
In just a decade, solar energy has come a long way. Back in 2010, the market for solar panels was extremely limited. Prices were very expensive and only a few families in certain countries were able to get the panels installed on their homes. This has changed drastically over the years. To put it into perspective, in the just the last year, more solar panels were installed to homes than all other generation technologies combined in the last decade. Crazy right?
In addition to more access to solar panels, they have also widely decreased in price. Essentially, it has become the lowest-cost option of clean energy, which is great for people who want to help the environment and save money! From 2008 to 2020, the prices actually decreased by a whopping 80%! However, this is not likely to last. Although the prices of solar panels will continue to drop in the future, government incentives will unfortunately not be in place. Even if you wait to install solar in the future, the price of solar will certainly not make up for missing out on the solar investment tax credit. The tax credit is something that can be very beneficial and should be taken advantage of as soon as possible! Don’t wait and miss out on this great investment opportunity!
So what does the future look like? We believe that solar energy will be unbeatable in regards to cost compared to other fossil fuels giving more people the incentive to make the switch. In addition to this, given that solar energy is quick, easy, and flexible to install, there is no doubt that solar energy will be the future of our country. Because of this, or environment will continue to benefit, and slowly, we will create a better future for us and further generations!