The Future of Solar Energy
The future of solar energy continues to look bright! Sorry for the cheesy pun, but it’s encouraging to see the solar market expanding and more people understand the benefits of solar. Aside from the financial incentives, more homeowners are investing in solar power and battery backup systems; to not be so reliant on an increasingly poorer-performing energy grid.
Solar technology is expected to advance at an expedited rate as the market grows. Solar has experienced tremendous growth in the past three decades, so imagine where it will be in the next three!?
Check out the information below to learn more about the history of solar power, where it’s today, and how it is projected to develop.
Harnessing The Power of The Sun
It may seem crazy, but ancient civilizations used solar power in the 7th century B.C. You may have started a fire with a magnifying glass at some point; this is how some civilizations cultivate the sun’s energy and put it into practical use. Solar has come a long way in the centuries since then, but the core concept is the same; use the sun, a sustainable energy source, to help ease our lives.
The Current State of Solar Energy
Over the past ten years, solar energy has experienced a 33% annual growth rate. Solar energy has become one of the most important energy sources due to increased access to the technology worldwide and its adaptability to all types of infrastructure and environments.
Traditional energy sources like oil and coal pollute the air, creating detrimental environmental fallout. Generating energy from these sources requires burning fossil fuels, which results in ¾ of the carbon dioxide occupying the air.
Aside from helping the environment and working towards a sustainable future, solar energy’s increased popularity has also helped create an entirely new job market and workforce within the United States.
The Future of Solar Energy
As traditional, finite energy sources continually decrease, the solar energy market is expected to gain more traction. One study showed that solar energy’s market share is expected to grow from 161 billion dollars to 306 billion in the next ten years. Furthermore, solar power is projected to account for 45% of the United State’s energy by 2030.
Invest in The Future of Solar Energy
It is clear that solar power is a market that is not going anywhere anytime soon, and we can’t wait to see the innovations and advancements that come with solar technology in the near future – the future of solar energy is limitless!
Sunshine Renewable Solutions is one of the most accredited solar companies in Houston.