The solar energy market will continue growing beyond record levels through 2017.  In fact, the Solar Energy Industry Association shows big increases in the number of residential and commercial solar panel installations across the nation. Here is the progress we can expect in the coming year.

Improved Technology

Customizable solar panel skin designs, which allow your residential solar panels to match the color of your roof without sacrificing any functionality, will be a big growth market through 2017. Thin-film PV solar panels are often considered a more affordable alternative to traditional solar panels.

Cost of Solar Photovoltaic Will Drop 

Homeowners and business owners in 2016 received nearly 14 gigawatts of usable energy – the total amount added to the grid – thanks in large part to more residential solar power installations. The average price of a completed photovoltaic system has fallen by a third since 2011. Both the installation and hardware costs have fallen as manufacturing practices and solar technologies have improved.

Greater experience and more training from solar-panel-installation professionals have also driven down prices. Thin-film PV solar panels are typically cheaper and easier to install than crystalline silicon solar panels as well.

So, what do the numbers say? In the second quarter of 2016 alone, the solar market increased by 43% compared to 2015.

The Utility-Scale Solar Market Should Skyrocket 

The Solar Energy Industries Association estimates that two-thirds of solar growth over the past few years has come from the utility-scale solar market.

A lot of this utility-scale solar growth is being propelled by major US corporations signing on to increase their renewable energy usage and phase out their use of carbon fuels.

A renewed commitment from major US corporations and millions of homeowners eager to embrace solar panel systems will mean more than 20 gigawatts worth of solar projects for the coming year.

More affordable solar panels, technological improvements, cheaper installations from more experienced technicians, and large-scale solar commitments will drive growth throughout the coming year.

 

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Currently, solar energy provides just less than one percent of the electric power in the United States. Imagine every single roof in the United States transformed into a solar roof.

That is not as far-fetched as it sounds. There may be a time when we will need to make the switch to renewable energy. Eventually, fossil fuels will run out. In addition, climate change may also make it necessary for solar power to become the norm.

Is there even enough solar energy hitting the Earth to power the whole world? There were two major studies that both examined this question. The first study, from Germany, looked at how much land would be needed to power Europe, Germany, and the entire world with solar power.

Another study looked at placing solar power plants in six different areas: North Africa, North America, Australia, South America, the Middle East and Central Asia. Both of these studies found that there is indeed enough solar energy to power the world’s solar needs.

The global consumption of power is just 15 TW. Solar could potentially produce 89,000 TW not even counting wind power, according to The Huffington Post.

So, now that we know that there is the potential to produce enough solar to power the world, what would the effect of going solar be?

Another study examined the effects of converting the entire world’s energy supply to solar. The researchers assumed that solar panels would be installed in desert areas where the supply of sunlight is the greatest. They would also install solar panels in major urban areas as these areas are where energy consumption is the greatest.

Less solar radiation would get absorbed by the Earth in areas that are covered with solar panels as solar radiation gets absorbed by the panels and converted to energy. This would decrease solar radiation in the deserts by 19 percent.

This decrease of solar radiation would cause significant changes to the climate. The average temperatures in the deserts would decrease by 2 degrees Celsius. Precipitation in the desert would decrease by more than 20 percent as solar panels would decrease cloud cover.

This cooling of the desert would lead to a shift in the jet stream, changes in wind patterns and different participation levels in many different regions of the world.

Australia, the Middle East, and Asia would lose up to 25 centimeters of precipitation a year. That precipitation would shift to Europe, north America, the North Pacific and Tropical Africa. Areas to the east of the deserts covered by solar panels would have about a one-degree celsius decrease in temperature.

As is evident by the research, there is enough solar energy in the world to cover all of the energy usages. Widespread solar panel installation would create big changes in climate change all over the Earth.

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Texas has always been known for its oil. But now there is another up and coming industry here – solar power systems. In 2016, Texas experienced massive growth in solar panel installation, ranking third in the nation. The Texas Solar Power Association reports that more expansion will continue through 2017. That’s a big step for an area that has historically relied on fossil fuels.

Reduction in costs associated with improvements of solar panels has decreased. Overall development of the entire industry has helped with that. Growth was recorded in nearly every sector. However, the recent push of solar panel systems came from utility-scale solar installations.

Solar Panel Industry Expects 2017 White House Support

Speculation across the country is that president-elect Donald Trump will promote the industry from the nation’s capital. And it is not necessarily from the perspective of clean energy, but instead from the financial aspect. For, over 300,000 people are employed by the solar panel installation industry. That’s five times more than the current coal industry workers.

The end result is clean energy offers a large political constituency. This is why the incoming president may find it advantageous to work positively with the solar panel sector.

Renewable energy companies gave more money to the Republicans during this election cycle, according to disclosures by businesses. This is a first, as Democrats historically have been backed by the industry overall.

Generally, the liberals are known for their fears of climate change. Conservatives, however, remain skeptical that climate change is real. Even still, the solar panel companies see their interest in supporting energy alternatives close to home. Reducing the need for foreign oil increases competition and even strengthens national security.

Trump calls global warming a hoax. And early in his campaign, he promised to end a global accord to reduce gas emissions. However, in recent months, he has stated that he is reconsidering that thought.

Renewable Energy Heightens

The solar panel corporations received a boost last year. Congress approved an extension of tax credits for new solar power system projects for five years. A great debate has emerged as to whether Trump will withdraw them during his time in office. But the entire industry-backed Republicans during his campaign. And he has shown signs to support the extension, so the renewable energy experts are hopeful.

Solar Power Installations Will Rise

Solar power industry executives believe current policies are likely to stand, as the overall number of jobs contributes to political lobbying in Washington. During the campaign, the Solar Energy Industries Association reached out to the Republication party to explain the impact on jobs and the economy of the tax credits.

Pew Research Center provides information about demographic trends. They polled the leadership of the country. Pew found that 83% of the Republicans are in favor of building more solar installations.

So if you are considering adding a solar power system to your home, now is the time. At Golden Solar, we are here to help.

Contact us for your next solar project.

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Now is an excellent time for a group of Nevada residents to take advantage of adding rooftop solar power installations. The prices have dropped. But the local industry still needs a little boost. Accordingly, subsidies are offered to accelerate solar power usage in the state. The process is called net metering. Net metering allows power residents to be paid for rooftop solar panels. Customers sell excess power back to the main grid.

Residents are paid the retail rate for all excess power that is captured by the sun and sent back to the electric company. Through net metering, everyone uses the electric lines and other parts of the grid, as well as the power plants. But, there is no cost to those with solar panel installations on their rooftops. Consequently, the rest of the local residents give a mere 26 cents per household each month to help support the initiative.

Solar Panel Subsidies

Nevada had in recent years become a booming state for the installation of solar panel systems. In fact across the nation, California and Nevada had taken the lead. However, in 2015 the solar panel subsidies had ended. As a result, many solar installation companies began leaving the state. In response to the drastic decline, Nevada’s Public Utility Commission took action. They are bringing back the businesses through new incentives.

However, the subsidies are finite. Only the next 1,000 new residential rooftop solar panel installations will be qualified. And they must be customers of the Sierra Pacific Power Company. Therefore, if you have considered adding a solar power system to your rooftop, you want to do it now. You can then reap the benefits of the net metering subsidy.

Exciting Times for Solar

Across the nation and the world, new developments are made each year. In some places, you can even find roads that are laid with solar power systems. In addition, Amazon is adding solar panels to power their cloud data centers. Whereas, WPPI Energy in Wisconsin just announced new construction plans for a 100-megawatt installation. The solar energy center will be the biggest in the state. Because of all the activity, nearly every news program contains at least one report about the solar industry.

Jump Aboard

To receive the subsidies, act now. Incentives for rooftop solar power systems might not last forever, as these are driven by government policies. But while the net metering is in effect, you would do well to take advantage. The return on investment is very attractive. For in the past ten years, the price of electricity has risen by one-third. Avoid increasing your monthly bills. Instead, you can make money by providing a bit of the power yourself. And this may be true even after the subsidies have ended.

Contact us with any questions you have about adding solar panels to your roof. Peruse our website and read through our news items. At Golden Solar, we believe people who invest in solar power invest in a very bright future.

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The sun provides enough energy in one day to power the whole planet for an entire year! With an abundance of energy literally falling from the sky, you can surely see the advantages.

#1 Slow Down Climate Change

The climate is changing for the worse. Even Republicans known for keeping their heads in the sand will openly agree. The revamped Cosmos series by Neil deGrasse Tyson explains climate history.

He says that for the past tens of thousands of years, the climate has been ideal. In a “mini” ice age, the poles are capped with miles of frozen water. Sea levels have been stable, as evidenced by visible lines in the rock layer. When studying the geological data, scientists have determined this mini ice age should remain for another several thousand years.

But in recent decades, the climate has changed. Ice caps are melting. Sea levels are rising. Some areas are experiencing severe drought, while others severe floods. These droughts and floods occur now where the temperature was once comfortable to live and produce food. Fossil fuels and greenhouse gasses are to blame, say the scientists. In an effort to reduce the burning of coal and oil, the solar panel industry experienced growth in 2014 of over 400 percent.

# 2 Solar Power Systems Improve

Australia brought online a new type of solar panels. They split the sun’s energy between four cells, not just one. More usable energy is now captured.

And with each advance, you realize more financial benefit. The higher the amount of the sun’s energy collected, the lower your electric bill. So the one-time cost of solar panel installation is recovered more quickly.

# 3 Congressional Support

In the past decade, the government gave many financial incentives to the solar panel industry. These incentives have been in the form of tax credits. Homeowners and solar power manufacturers alike may take advantage of the credits. In 2016, congress approved the continuation of numerous tax incentives for the next decade.

#4 Reduction In Price

Solar panel installation costs are dropping. Now is an excellent time to add solar panels to your home; installation costs are recovered quickly through savings on your electric bill.

At Golden Solar, we handle installations for every type of roof. A roof may be flat or peaked, shingled or tarred, to name a few options. Each type requires a different solar installation process and framing.

Give us a call today, to explore the solar power system choices for your home.

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