The future of solar energy in the United States isn’t solely dependent on technological innovation. While advancements in photocell capacities will certainly play a significant part in solar reaching its tremendous potential, many other factors play critical roles in the future adoption levels of solar energy technologies. Although not as often discussed as the innovations that propel the industry, policymakers at the state and federal levels of government play an equally important role in determining the future popularity of solar systems.

Tax Incentives

Tax reform and overhaul were primary talking points throughout last year’s presidential campaigns. While legislation has yet to introduce which particular aspects of our tax code due for overhaul, it’s safe to assume that itemized deductions and various tax incentives will play a pivotal role in the process. Of course, tax incentives have become synonymous with solar energy systems at both the individual consumer and business levels. Redefining any such incentives could very well have a significant impact on the overall adoption rates of new solar systems. As important as climate issues are to the majority of Americans, affordability will always be a critical concern in the overall viability of solar energy. To put it more concisely, tax breaks make solar technologies more affordable. Losing tax incentives will have an obvious effect on the popularity of solar systems going forward. Although the current solar tax incentive is not due to sunset until 2022, the forward-looking nature of the marketplace will have an immediate impact if similar incentives are not carried further into the future.

Subsidies

Over the last two decades, renewable energies have relied on substantial government subsidies to fund technological innovation. However, given the current political landscape, it is incumbent on the solar industry to prove it can provide a cost-effective solution that serves as an economically viable alternative to our standard electricity providers. This very notion represents a conundrum of sorts since lower costs are dependent on technological advancements that, paradoxically, are themselves dependent on further funding. In other words, the solar industry is largely dependent on government subsidies to drive innovations that will continue to make it more affordable for the average consumer. However, those government subsidies will likely be dependent on the industry’s ability to bring costs down. A cut in such subsidies will have a sudden and lasting impact on the research solar relies on to continually evolve.

The Bottom Line

Although domestic policy will always have a substantial impact on adoption rates due to tax incentives and federal subsidies, there’s no doubt that solar energy technology is already deeply rooted. While affordability measures might vary according to the leanings from Washington, individuals, families and companies alike will continue to seek eco-friendly solutions for their energy needs. Golden Solar will likewise continue to offer those very solutions for our neighbors throughout Colorado. The post Policy and Solar: A Pivotal Relationship appeared first on Golden Solar.

Solar energy is often viewed as a new, innovative technology, but the truth is, it has been utilized by humans for thousands of years. Although it was once a niche within the market, solar energy is now the future. Whether you are interested in conservation or want to save money, solar power is for everyone. Considering approximately 75 million barrels of oil could be saved annually through the use of solar energy, the savings are hard to ignore. Consumers are beginning to take notice — and this is just the beginning. Residents and businesses across the globe are making the switch. Here are three reasons why.

1. The Demand Is Already Significantly Increasing

Solar energy is currently one of the highest growing sectors within the United States and for good reason. In 2013, the demand for solar power has increased by an incredible 41 percent across the nation, with residential projects jumping a whopping 60 percent over the year prior. In fact, in 2013, the number of photovoltaic panels that were installed provided enough power for more than 3.5 million homes — not to mention the use of solar power across major corporations. Companies such as Apple continue to invest in solar energy because they have witnessed first-hand its capabilities in terms of performance and cost.

2. It Is Renewable and Environmentally Friendly

As the world becomes more mindful of the environment, consumers and businesses are taking the initiative required to reduce their carbon footprint. By investing in solar energy, you can be a part of something greater and help offset CO2 emissions by eliminating the use of non-clean energy sources like coal. To put this into perspective, the average solar-energy system (approximately 7.5 kW within the state of Colorado) generates power for 25-plus years that will offset 120 tons of CO2. This is, equivalent to planting over 1,250 trees or recycling 40 tons of waste. Because it is 100 percent sustainable and comes from an inexhaustible energy source, solar energy is a long-term solution to our growing power needs. Unlike coal and natural gas, which are limited in supply, the sun’s consistent energy can be converted into heat, electricity, water, and even air conditioning, providing a reliable source, for industry, homes, and businesses.

3. It Is Low Maintenance and Cost-Effective

Electricity prices have continued to steadily rise, making consumers warm to the idea of solar power. Based on the increased demand, more solar panels are being produced, reducing the cost significantly in the past decade or so. Also, with no moving parts, there is very little maintenance involved once installation is complete. Best of all, for those who invest in solar energy, the federal government will provide a solar tax credit. Allowing consumers to deduct 30 percent of the installation cost from their federal taxes, this financial benefit applies to both commercial and residential solar systems. There are also additional incentives and rebates available, making solar energy an attractive choice for communities across the globe. The sun is like one big battery for us all to share. It provides the energy of the people. With so many reasons to say ‘yes’ to this renewable source of power, it’s clear that the future is certainly bright. The post 3 Reasons Solar Energy Will Brighten Our Future appeared first on Golden Solar.