Solar Energy Potential

Business Growth ChartRepresenting just a tiny fraction of the world’s current energy mix, solar energy has great perspectives. Seeing that the market is changing rapidly, the likely evolution of electricity and energy-consuming sectors will lead to a successful improvement and implementation of solar systems. As far as the amount of global energy generated from PV panels is concerned, the statistics presented by the International Renewable Energy Agency (IREA) predict an increase from 2% in 2016 to 13% in 2030. That implies an expansion of the solar energy industry, as well as cost reductions and finding healthier alternatives to fossil fuel use.

In acknowledging the potential of solar energy, it’s best to keep in mind the following:

Global warming dangers. Seeing that this problem has become more and more significant, it’s the perfect time to transition to cleaner energy. With clear advancements in technology and applying basic principles of supply and demand, the solar power industry might just have a lot to gain. And the good thing about it is that it also gives back.

Employment perspectives. As a rapid growing industry, its perspectives are bright. An estimated number of over 230,000 Americans work in the different branches of this industry- design, assembly, coordinate and manage solar panels installations, etc.

It has a bright future. By being the largest inexhaustible resource on Earth, the energy of the sun only quantitatively varies from year to year, or day to day. But storing it in rechargeable batteries or grid-tie inverters should take care of that issue and put worries to rest.

It is cheaper than traditional ways. When assessing solar energy potential, the monetary factor must be taken into consideration as well. The operating costs of a PV panel is roughly 5 to 10 cents per kilowatt-hour (kWh), while the prices of electricity vary significantly between the U.S’ states, ranging from 9.2 cents per kWh in Louisiana to up to 22 cents per kWh in the residential areas of Connecticut.Other states such as California reach even higher rates.

The need for using renewable, cleaner sources of energy has become more urgent over the past years. Solar energy not only has the potential of decreasing the harmful effects of global warming, but will also help you significantly reduce your energy bills costs.

Here at ElectriCare, Inc., we offer you the necessary tools to get under way. With emphasis on maximizing the processes that we conduct, our aim is to help you better understand how everything works and offer you the best professional assistance. Customer delight is what we do… and we do it well.