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.
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.