Friday, April 29, 2016

Why is solar becoming mainstream energy source?

Solar energy industry is the fastest growing energy industry in the world and also the most popular renewable energy source in the world. In United States, for instance, solar power capacity grew from 1.2 gigawatts in 2008 to an estimated 21.3 GW by the end of the first quarter of 2015 (DOE data).

What has turned solar energy into a mainstream energy source? For starters, people are becoming more concerned about environment, especially in relation to climate change issue, and solar energy is seen by many people as the ideal energy source to replace fossil fuels and start green energy evolution that would halt worst possible climate change scenario and save humanity from major environmental disasters.

Second, solar energy can actually help you save money, especially on the long run. U.S. government offers great tax credit for new solar installations, worth up to a third of installation costs. And who with the right mind would resist the idea of going green and saving money in the process?

Not only that, the excess power generated from solar panels also earns you money as electric company will buy that excess power from the homeowner at competitive rates and at the end of each month.

Solar panels have also been upgraded from the aesthetic point of view as they are now far less noticeable than they were decade ago. Not only that, installing solar panels adds further value to your property.

The federal tax credit equal to 30 percent of the cost of the solar system's installation is available through December 2021 so there's plenty of time for other interested people to jump into the solar energy bandwagon.

Solar energy future has already started so make sure to be a part of it.