Solar energy is one of the most popular forms of alternative, sustainable energy being used today. It provides hundreds of thousands of homes and businesses with clean, renewable energy. It saves you money in the long run and helps protect the environment. However, most people aren’t aware of the many lesser known benefits to switching to solar energy. Here are a few.

Solar Energy Costs Get Lower and Lower

Some may think that one of the biggest obstacles to investing in solar energy is the initial cost of the solar cells. However, it’s important to note that solar power isn’t as expensive as it used to be. In fact, it’s becoming more and more affordable by the year. According to a Berkeley Lab report, the price of photovoltaic panel installation has dropped more than 50 percent since 2009.

These prices continue to drop each year. There has never been a better time to invest in solar panel technology.

Solar Energy Can Reduce Electricity Prices

By installing and using solar panels in your home and business, you help reduce the load on the electrical grid. This not only reduces the environmental burden, but it also helps cut the wholesale cost of electricity.

This is possible because solar energy is produced throughout the day when energy consumption is greatest. The surplus electricity that is produced goes back into the grid and helps meet demand. The resulting benefit can be dramatic.

U.S. Department of Energy data reveals that negative wholesale prices of electricity in California coincided with rising solar power generation. Evidently, solar power can even lower electricity prices benefits everyone in the community.

Solar Energy Helps Create Jobs

Job growth is a driving force of the American economy, and the solar energy industry has helped to boost that growth tremendously. The solar workforce increased by 25 percent in the last year alone and shows no sign of stopping. By investing in this rapidly growing industry, you can take part in helping job growth as more and more people switch over to solar power in the coming years.

When it comes right down to it, there is a lot to gain by switching over to solar-powered clean energy. A single change can help save the earth, save money and increase job growth in the country. It’s hard to find a better deal than that.

Stay tuned to Golden Solar for more industry news, trends and tips.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on RedditEmail this to someone

With so many solar energy companies to choose from, it can be difficult for the average consumer to tell the difference between a true expert and a charlatan looking to cash in on a trending industry. Fortunately, for people living in Colorado, Golden Solar has a set of solutions that makes sense for both the planet and your wallet.

The Good, the Bad and the Ugly of Financing

Many solar providers, particularly some of the larger nationwide companies, use some form of leasing agreement in their pitch to minimize upfront costs, therefore making it seem more budget-friendly on paper. However, as with many things in life, the devil is in the details. By leasing the equipment over the long-term, the only tangible financial benefit you reap is strictly through savings on your energy bill. While that is still a wonderful perk provided by a solar panel system, it’s merely a fraction of the potential benefits you would otherwise enjoy.

In a lease, the solar provider retains ownership of the equipment for the duration of the contract, thereby absorbing all of the up-front tax benefits that would ordinarily go to you, the consumer. Also, if you choose to sell your home before the lease has expired, you would need to either pay off the lease or the new homeowner would assume the lease for themselves. Neither of those propositions would be especially attractive.

Thankfully, leasing solar equipment isn’t the only means of financing a system. When you choose Golden Solar, you have the option of either outright buying your solar panel system or financing it through Dividend Solar’s EmpowerLoan program. Whether you purchase your equipment or finance it, you maintain full control of your system and enjoy all of the financial rewards. Depending on the terms of the respective options, using a program like EmpowerLoan could effectively double the financial benefits of your solar panel system in comparison to a long-term lease of the same equipment. An outright purchase of the system can nearly triple those benefits over that same 20-year lease.

Golden Solar Makes Sense

For a long-term investment that is good for your finances and the environment, Golden Solar simply makes sense. Between their expertise, professionalism and attractive financing options, Golden Solar will prove that going solar can benefit both you and the planet.

 

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on RedditEmail this to someone

The United States seems to be approaching a pivotal moment in the history of solar energy, as the prevailing attitudes and actual use patterns shift. Examples illustrating this move toward solar energy include the increasingly lower costs and the power conversion of the Kentucky Coal Mining Museum.

Coal’s History Powered by Energy of the Future

The four-story Kentucky Coal Mining Museum in rural Benham, owned by Southeast Kentucky Community and Technical College, plans to install 20 solar panels with the goal of saving at least $8,000 to $10,000 in energy costs on this building alone. The museum chronicles the storied past of the coal mining industry in the state, which once employed tens of thousands of miners and now has less than 6,900.

Although Kentucky residents long for a return to the coal industry’s glory days of high production, any reversal in the trend of closing coal-powered factories remains unlikely. Now that solar-powered electricity is cheaper than electricity generated by coal-burning power plants, the possibility of a return to coal dwindles further.

Excess energy collected by the solar panels will flow back into the town’s power grid. Benham – with nearly 500 residents – will partially be powered with solar power, which adds an ironic twist to the town’s tagline: “The Little Town That International Harvester, Coal Miners, and Their Families Built!”

Solar Power vs. Fossil Fuels: Sun Is Cheaper

According to the World Economic Forum in a 2016 report, solar power is now cheaper than fossil fuels in 60 countries. Overall, solar power also dropped in price compared to wind power. Thanks to massive investment in solar energy worldwide, continually falling costs of installation and improvements to its technology, the renewable energy industry reached a tipping point. In lower-income, developing countries without existing infrastructure, investing in solar power makes more economic sense. Countries like the United States will take longer as fossil fuel-based plants close or convert to renewable energy.
Stay tuned to Golden Solar for more energy news, industry tips and much more!

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on RedditEmail this to someone

Although there was a decline in solar profits in early November, solar stocks have staged a comeback since then. Experts believe that a significant solar stock rally is in the cards, according to CNBC.

Chinese feed-in-tariff cuts from September of 2016 have created much higher growth than projected for the last quarter of 2016. The stocks continue to rise. Three of the largest solar companies have seen an increase in share price. SunPower Corporation, First Solar, Inc., and Canadian Solar have all seen their shares rise over the last couple of weeks.

Canadian Solar stock was up nearly four percent, and SunPower Corporation’s stock skyrocketed to almost seven percent increase since the beginning of 2017. These two stocks alone have increased 17 percent together since January. First Solar has also seen a bit of a rally and experts are predicting that it will rise even more for the next quarter reports CNBC.

The Motley Fool predicts that First Solar stocks will experience Amazon-like growth over the next couple of years. Although solar and renewable energy stocks may experience short-term downturns due to the Trump Administration’s promise to cut regulations, long-term outcomes favor solar stocks, especially First Solar.

The Motley Fool says that this is because, even though Trump plans to reduce emissions regulations in the United States, the rest of the world is putting more emphasis on clean and renewable energy. With the bulk of global expansion, especially in the middle-class, solar stock are bound to soar in the coming years.  So, no matter what United States policies look like, the future is bright for solar energy in the rest of the world.

With the increase in solar shares, does this mean that 2017 will be a significant year for solar energy? There is a strong possibility that solar energy could experience a bit of a momentum in 2017. Solar energy is looking great in terms in cost-efficiency. A recent report from solar experts revealed that the price of solar power costs much less than non-renewable sources of energy. The Bloomberg New Energy Finance report even found that solar energy is less than gas and oil without subsidies. According to Bloomberg, the long-term use of solar energy is half the price of coal in many parts of the world, especially in developing nations.

The evidence continues to show that a solar energy takeover is on the horizon. With solar stocks on the rise, it is time for investors to take note.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on RedditEmail this to someone

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.

 

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on RedditEmail this to someone