In recent years there has been a significant increase in the use of Solar Energy as a means of generating electricity. The hot debate topic of renewable energy sources has created a significant amount of awareness as to the use of Solar as an energy source. With technological advances allowing for more efficient solar panels, as well as the cost to purchase and install solar has significantly gone down, it is becoming more and more of a great energy option. The residential solar market has seen the largest increase in usage, where the commercial market is extremely volatile. As we take a look back at the numbers for the 2014 solar market, it can be estimated that the trend is going to continue going up.
2014 At a Glance
- Solar was 74% of new energy capacity in the US
- The residential sector grew 171% from 1st quarter 2013 to 1st quarter 2014
- Solar installations grew 41% in 3rd quarter 2013 over 3rd quarter 2014
- Residential installations surpassed non-residential installations
What Does This Mean
As the numbers for 2014 get put into perspective this means that the solar industry is going to grow as a whole. With the Solar industry growing this means a few things:
- Growth in solar related investments
- Growth in solar industry jobs
- More environmentally friendly energy sources
- Less reliance on foreign petroleum supplies
Solar Investment Growth
The growth in solar investments is not only great for the solar industry, but it is great for the economy as a whole. The investment in solar energy is truly an investment in US jobs. This means that with more money going into the solar industry there is a growth in that industry. When an industry grows, this inevitably means there are more jobs that need to get done.
The growth in solar industry jobs are jobs that come in the form of installers, panel manufacturers, as well as environmental engineers. The promising note to make from these jobs is they are highly skilled positions, which makes them more likely to stay in America. Also, if there is an influx in the demand for solar jobs there will become more investment in the education and research associated with those jobs, which allows the industry to continue to grow.
As America becomes more mindful of its impact on the environment there is a social desire to create renewable energy sources. Solar will fill this void with a growing industry that becomes attractive to investors, as well as job seekers. The movement to solar is also one that is sustainable, because inherently in the nature of solar energy there is sustainability. This means that solar does not have a finite amount, such as oil, therefore there is not an issue running out.
The reliance on foreign oil has been debated wildly in recent years, and by investing in solar energy this debate becomes less of an issue. The ability of America to produce its own energy in a sustainable manner is something most can agree on. Solar allows each American to produce the energy they need to function in their home and to do so in a renewable and sustainable fashion.
Installing solar panels on your home is gaining in popularity as more and more homeowners realize the benefits. Not only will you have the satisfaction that comes with going green, but you can also save some green. Let’s take a closer look at the reasons why you should take the time to install solar panels in 2015.
- Save Money
While the installation of solar panels requires a sizable initial investment, they also pay for themselves over the course of time. By realizing an immediate savings of at least $100 per month on your utility bills, you can put your extra cash toward more important household issues. Having some additional money to spend for other household improvements is certainly a win/win, even for the most skeptical solar panel consumer.
- Providing Additional Value To Your Home
You may have been aware of the environmental or financial effects of installing solar panels. But did you know that they can actually increase the overall value of your home? The real estate market is a notoriously fickle beast, so any alterations that you can make to your home that will allow you to raise the asking price when it is time to resell should absolutely be considered.
- Keep Energy Costs Locked In
One of the most irritating aspects of paying that monthly utility bill is never knowing exactly what you are in for. You may end up with a bill that is much lower than you expected or you could be stuck with a bill that is far higher than you intended. By installing solar panels on your home, you can lock in your energy costs and ensure the same payment each month. Solar panels take all of the guesswork out of your utility bill.
- Environmentally Friendly
Decreasing your overall carbon footprint is another great reason to have solar panels installed on your home in 2015. The average household in America produces a whopping 7 tons of carbon dioxide each year when they use conventional methods for heating and cooling their home. Not only does solar energy decrease this number, it also reduces the amount of damage caused by global warming.
- No Longer Connected To The Grid
When you rely on fossil fuels, you are ensuring a continuous connection to the state’s electrical power grid. With solar energy panels, you are able to produce abundant amounts of free energy while not being connected to the grid at all. For those who reside in rural areas, this is a major reason to install solar panels. Power prices are typically higher in rural places and residents experience frequent losses of power. Solar panels give you the ability to enjoy a much more self-reliant way of life.
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The golden state of California ranked first in solar energy output in the United States in 2013, producing 2745.8 MW. It has never been a secret that Californian’s love soaking up the sun. Recently, however, they have been doing so from within the comfort of their own homes. Continue reading
How Solar Panel Installation Will Pay for Itself
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